Now it is mandatory to provide a Key Fact Statement to the retail and MSME borowers
On Thursday, February 8, 2024, the RBI Governor Shaktikanta Das in his Statement of development regulatory policy, announced, sets out various developmental and regulatory policy measures relating to (i) Financial Markets; (ii) Regulations; and (iii) Payment Systems and Fintech. Key Fact Statement (KFS): In the recent past RBI has announced several measures to foster greater…
Read article
RBI plans to enhance robustness of AePS, secure framework for digital currency and digital payments
In the Statement of Development Regulatory Policy announced on Thursday, the Governor of RBI sets out various developmental and regulatory policy measures relating to Payment Systems and Fintech. Aadhaar Enabled Payment System: In 2023, more than 37 crore users undertook Aadhaar Enabled Payment System (AePS) transactions, which points to the important role played by AePS…
Read article
Repo rate and other key policy rates remain unchanged
The Monetary Policy Committee (MPC) met on the 6th, 7th, and 8th February 2024 and decided to keep the policy repo rate at 6.50 percent and other key policy rates also remained unchanged for the 6th straight time. RBI also left the policy stance unchanged with a focus on the withdrawal of accommodation. Withdrawal of…
Read article
Fixed-income securities: Meaning, Types, and risks involved
Fixed-income securities are investments where the cash flows are according to a predetermined amount of interest, paid on a fixed schedule. Fixed-income securities are investments where the cash flows are according to a predetermined amount of interest, paid on a fixed schedule. There are different types of fixed-income securities such as Government securities, Corporate bonds,…
Read article
What is a STRIP in your financial assets?
STRIP is an acronym that is commonly used to denote ‘Separate Trading of Registered Interest and Principal of securities’. This is a complex-sounding term however, in reality, the meaning is quite simple. STRIPS are the securities created by way of separating the cash flows associated with a regular G-Sec i.e. each semi-annual coupon payment and…
Know about FIMMDA and its functions
The Fixed Income Money Market and Derivatives Association of India (FIMMDA), is an association of Scheduled Commercial Banks, Public Financial Institutions, Primary Dealers, and Insurance Companies. It is a voluntary market body for the Fixed Income, Money, and Derivatives Markets, incorporated as a company under section 25 of the Companies Act 1956. Functions of FIMMDA:…
Read article