Revision of project outlay for setting up of India Post Payments Bank from Rs 1435 Cr to Rs 2255 Cr

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.

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.

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.

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…

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.…