Green Deposits and Green finance by banks explained
Meaning of green deposits: The provisions of the framework for green deposits raised in India after June 01, 2023. A green deposit means an interest-bearing deposit, received by Regulated Entities (RE) like Commercial Banks, Small Finance Banks (excluding Regional Rural Banks, Local Area Banks, and Payments Banks), and deposit-taking NBFCs for a fixed period, the…
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The Interconnectedness of Financial Markets
Globalization is the free movement of people, goods, and services across boundaries. Due to Globalization, trade, and technology have made the world a more connected and interdependent place because of the expansion of trade, cross-border commerce, and access and engagement to financial markets and trading. While this connection has global benefits, it can also enable…
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Explained: Alternate Investment Fund (AIF)
AIF is an acronym for ‘Alternate Investment Fund’. AIFs are structured as trusts, limited liability partnerships (LLPs), or companies that can be registered with SEBI. These entities are Indian investment vehicles that collect funds from sophisticated investors, whether Indian or foreign, for investing by a defined investment policy. AIFs are regulated by the Securities…
Read articleBank Holidays 2024: Madhya Pradesh State
The list of Bank Holidays for the year 2023 in Madhya Pradesh State under section 25 of NI Act 1881 is as under Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 3 08.03.2024 Friday MAHASHIVARATRI 4 25.03.2024 Monday HOLI 2nd Day 5 29.03.2024 Friday GOOD FRIDAY 6 01.04.2024 Monday Annual closing of Banks…
Sovereign Gold Bond Scheme opens for public subscription on December 18, 2023
The Sovereign Gold Bond Scheme 2023-24 – Series II will be open for subscription from December 18, 2023. The Subscription of the Gold Bonds under this Scheme shall be open (Monday to Friday) on the dates specified above, provided that the Central Government may, with prior notice, close the Scheme at any time before the…
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