What is BBPOU under Bharat Bill Payment System
Updated on 01.03.2024 In supersession of earlier BBPS-related guidelines/circulars, the Reserve Bank of India issued a new direction on March 1, 2024. The earlier circular was suitably modified as under. BBPOUs are the System Participants in the Bharat Bill Payment System (BBPS) BBPS. A BBPOU may function either as a Biller Operating Unit or a…
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Capital Adequacy – Revised definition of Trading Book
The Reserve Bank on Wednesday notified that the revised definition of trading book for capital adequacy in terms of MD on investments dated September 12, 2023. As per the guidelines, the investment portfolio would be categorized into 3 categories viz. Held to maturity (HTM), Available for sale (AFS), and Fair Value through Profit and Loss…
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Evolution of Mutual Funds in India
Mutual Funds are vehicles to mobilize money from multiple retail investors and invest the money pooled in various types of securities. The profit earned by these funds gives the investors the benefit of growth, wealth creation, stability, regular income, liquidity, or a mix of all. Mutual funds are not only providing growth to the capital…
Read article Role and supervision of Mutual Funds in the Capital Market
A mutual fund is a vehicle to mobilize money from multiple investors and invest the money in various types of securities to give the investors the benefit of growth, wealth creation, stability, regular income, liquidity, or a mix of all. The objective of every mutual fund is clearly defined in the memorandum of the fund…
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Ten strategies to optimise your mutual fund returns
Mutual funds are popular among large sections of retail investors because they offer investors the opportunity to diversify and therefore spread out their risk over several investments. Mutual funds are managed by full-time, professional fund managers who have the expertise, experience, and resources to actively buy, sell, and manage investments. A fund manager of Mutual…
The growing popularity of commercial Cards Vs. Business cards
Commercial cards and Business cards are often mistaken for each other. These two cards may sound the same but are different in more ways than one. Let’s learn about their differences in this article. Corporates have many expenses apart from settling supplier invoices, and employee salary i.e., for travel, entertainment & employee engagement. Commercial cards…
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