RBI invites the public to use digital payment options to avoid the spread of coronavirus pandemic
RBI tells the public to use non-cash digital payment options (like NEFT, IMPS, UPI and BBPS) which are available round the clock to facilitate fund transfers, purchase of goods/services, payment of bills, etc. The above announcement of the Central Bank came in the light of the fallout of the Corona virus pandemic in India. The…
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Single borrower/ group exposure limit and priority sector lending target of banks explained
Update: The Reserve Bank of India (RBI) on Friday (May 22, 2020) raised the group exposure limit of banks to 30% from 25% for a temporary period till 30 June 2021. The limit will be restored to 25% after the deadline unless the RBI decides otherwise. As a prudential measure, aimed at better risk management…
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RBI Announces USD/INR Sell Buy Swaps
RBI on Thursday (12.03.2020) announced that it has been decided to undertake 6-month US Dollar sell/buy swaps to provide liquidity to the foreign exchange market in multiple tranches. The first tranch would be offered on March 16, 2020, for swap amount USD 2 Billion “On emerging Financial markets worldwide are facing intense selling pressures on…
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What is a convertible note?
A convertible note is a form of short-term debt instrument issued by a start-up company that converts into equity, typically in conjunction with a future financing round. It means the investor would be loaning money to a startup and normally would receive equity in the company in lieu of a return in the form of…
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Who is an FVCI?
FVCI stands acronym for Foreign Venture Capital Investor’ (FVCI). FVCIs are investors incorporated and established outside India and registered with the Securities and Exchange Board of India under the Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations, 2000. They can make an investment in India in terms of schedule 7 of FEMA…
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