RBI publishes working Group recommendation on State Government Guarantees
The Reserve Bank of India on Tuesday placed on its website the Report of the Working Group on State Government Guarantees. A guarantee, in law, is a contract to answer for the payment of some debt, or the performance of some duty, in the event of the failure of another primarily liable person. A government…
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Interconnectedness of money market
One of the important components of the international financial markets is the money market. Money Market is concerned with the issue and trading of securities with short-term maturities or quasi-money instruments. The Instruments traded in the money market are Treasury Bills, Certificates of Deposits (CDs), Commercial Paper (CPs), Bills of Exchange, and other such instruments…
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Interconnectedness of capital Market
A capital market is the part of a financial system concerned with raising capital by dealing in shares, bonds, and other long-term investments. Stock market (Share Market) is a place where buyers and sellers indulge in trade (buying/selling) of financial securities like bonds, stocks, etc. The trading is undertaken by participants such as individuals and…
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RBI revises Master Direction on FX Risk Management and Interbank Dealings
RBI on Friday (January 5, 2024) issued revised Master circular in respect of Foreign Exchange Derivative Contracts, Overseas Commodity & Freight Hedging, Rupee Accounts of Non-Resident Banks and Inter-Bank Foreign Exchange Dealings etc. These directions lay down the modalities as to how the foreign exchange business has to be conducted by the Authorised Persons with…
Read article 50 Commonly used terms in Stock market and debt market
In our previous article, we covered 100 terminologies used in the Forex Market. In this article we have covered 50 common terms used in the stock market and debt market like Arbitrage, ASBA, Asset allocation, Averaging down, Beta, Bid, Bid-Ask spread, Block chain stocks, blue chip stocks, P/E ratio, Bonus shares, Bull market, bear market,…
What is KYC norms?
Updated as per RBI amended Master Direction dated June 04, 2024 KYC stands for “Know Your Customer”. It’s a process to prevent banks and other financial institutions from being used as a channel for Money Laundering (ML)/ Terrorist Financing (TF) and to ensure the integrity and stability of the financial system, efforts are continuously being…
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