Futuristic Approach of Indian Payment & Settlement System “RBI Payment Vision 2025”
Introduction: The reserve bank of India is the guiding institution for the development of the payment and settlement system in
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settlement
Equity mutual fund to shift to T+2 settlement cycle from Feb 1
Asset management companies (AMCs) will move to a shorter redemption payment cycle of T+2 for equity schemes from February 1.
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SEBI suggests trade settlement system that bypasses broker
The Securities and Exchange Board of India (Sebi) is considering an ambitious plan to alter the payment mechanism in stock
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Govt permits invoicing, payment and settlement of trade in rupee
The commerce ministry allowed invoicing, payment and settlement of exports and imports in Indian rupee, a move aimed at facilitating
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RBI allows trade settlement in rupees
RBI has allowed trade settlements between India and other countries, including Sri Lanka and Russia, in rupees. “In order to
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RBI okays trade transactions settlement with Lanka in INR
In view of difficulties being faced by exporters in getting payments from crisis-hit Sri Lanka, the RBI allowed settlement of
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