The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the revision of project outlay for setting up of India Post Payments Bank (IPPB) from Rs.1435 crore to Rs.2255 crore as equity infusion to meet regulatory requirement. The Cabinet also granted in principle approval for future fund infusion to the tune of Rs.500 crore for meeting regulatory requirements and technological upgradation.
Tag: BANKING
International Organisations (Immunities and Privileges) Act-Singapore
An Act to make provisions as to the immunities, privileges and capacities of international organisations, in particular those of which the Government and foreign governments are members; to confer immunities and privileges on the staff of such organisations and representatives of member governments and in respect of premises and documents of such organisations; and for purposes connected with the matters aforesaid.
Article of Association-Afghanistan International Bank
Afghanistan International Bank was founded in 2004 and has since established itself as a pioneering leader in Afghanistan’s banking sector. We have become the country’s most respected and trusted financial institution.
Responsible Digital Innovation-T Rabi Sankar
Fintech, or technology that provides digital financial services is transforming the provision and delivery of financial services. At its most basic level digital technology enables speed – speed in processing information and speed in communication. Processing speed has reduced cost and time for transactions while communication speed has enhanced connectivity of systems expanding the reach of transactions.
Export-Import Bank of the United States
The Export-Import Bank of the United States (Ex-Im Bank) was created in 1934 and established under its present law in 1945 to aid in financing and to facilitate U.S. exports. Its creation was spurred by the economic conditions of the 1930's when exports were viewed as a stimulus to economic activity and employment.
Export-Import Bank of United States added new electronic System of Records under Privacy Act-1974
The Export-Import Bank of the United States (EXIM) proposes to add a new electronic System of Records, EXIM CRM (Customer Relationship Management), subject to the Privacy Act of 1974, as amended. This notice is necessary to meet the requirements of the Privacy Act which is to publish in the Federal Register a notice of the existence and character of records maintained by the agency.
Monetary Policy Framework of UK -1997
On 6 May 1997, the Chancellor of the Exchequer, Gordon Brown, announced that the Government was giving the Bank operational responsibility for setting interest rates and would introduce legislation (the Bank of England Bill) as soon as possible. Until the…
A Chronology Of IMF’s Evolution Since 1944
The International Monetary Fund is established and shall operate in accordance with the provisions of an Agreement as originally adopted and subsequently amended. THE ARTICLE OF AGREEMENT was adopted at the United Nations Monetary and Financial Conference, Bretton Woods, New…
Bretton Woods Agreements-31/07/1945
The Bretton Woods Agreements (a) Articles of Agreement of the International Bank for Reconstruction and Development, July 22, 1944 (1) The Governments on whose behalf the present Agreement is signed agree as follows: INTRODUCTORY ARTICLE The International Bank for Reconstruction and…
RBI allowed escrow accounts in scheduled commercial banks
Maintenance of Escrow Account with a Scheduled Commercial Bank RBI/2020-21/68 DPSS.CO.PD.No.660/02.14.008/2020-21 November 17, 2020 All Scheduled Commercial Banks / Authorised Prepaid Payment Instrument Issuers / Payment Aggregators / Payment System Providers / System Participants Madam / Dear Sir, Maintenance…
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Basel Committee Charter
Basel Committee Charter Updated 5 June 2018 Table of contents Purpose and role Membership Oversight Organisation BCBS standards, guidelines and sound practices Consultation with non-member authorities Relationship with other international financial bodies Public consultation process I. Purpose and role 1.…
Basel Committee on Banking Supervision (BCBS)
BCBS 45 members comprise central banks and bank supervisors from 28 jurisdictions BIS is an international organisation which fosters cooperation among central banks and other agencies in pursuit of financial and monetary stability. It has no supervisory or regulatory…
Financial institutions definition by FATF
Financial institutions Financial institutions means any natural or legal person who conducts as a business one or more of the following activities or operations for or on behalf of a customer: 1- Acceptance of deposits and other repayable funds from…
Finance Minister unveils Doorstep Banking Services and declares EASE 2.0 Index Results
Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman today inaugurated Doorstep Banking Services by PSBs and participated in the awards ceremony to felicitate best performing banks on EASE Banking Reforms Index
JUNIOR ASSOCIATE OF IIB & F (JAIIB) EXAM SYLLABUS 2020
INDIAN INSTITUTE OF BANKING & FINANCE (An ISO 9001 – 2015 CERTIFIED ORGANISATION) Kohinoor City, Commercial-II, Tower-1, 2nd Floor, Kirol Road, Kurla (West), Mumbai – 400 070 A separate Module (Module E) on “ETHICS IN BANKS AND FINANCIAL INSTITUTIONS” has…
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Advocatetanmoy Law Library 