Author Archive
National Pension System (NPS)- Scheme Features
National Pension System (NPS) is a pension cum investment scheme promoted by the Government of India to ensure retirement income to its citizens. NPS was launched on January 1, 2004 with the main objective of providing old
Statutory Liquidity Ratio (SLR)
Statutory Liquidity Ratio (SLR) is the percentage of the Net Demand and Time Liabilities, a Scheduled Commercial bank (SCB) is required to maintain in liquid assets. RBI is empowered to stipulate SLR up to 40%. SLR is
Cash Reserve Ratio (CRR)
Cash Reserve Ratio (CRR) is the amount of funds that all Scheduled Commercial Banks (SCB) must maintain with RBI. Regional Rural Banks (RRB) are exempted from maintaining Cash Reserve Ratio. CRR does not carry any floor (minimum)
Demand and Time Liabilities (DTL) & Net Demand and Time Liabilities (NDTL)
Demand and Time Liabilities (DTL) and The Net Demand and Time Liabilities (NDTL) are two terms openly pop up in connection with monetary review policy of RBI and liquidity in market. Banks are in the business of
First Cryptocurrency Kiosk in India installed by Unicoin
Cryptocurrency exchange Unocoin has installed the first cryptocurrency kiosk in India to enable Indians to buy and sell cryptocurrencies including bitcoins. The kiosk has been unveiled in Kemp Fort Mall in Bengaluru. M/s Unocoin Technologies Pvt Ltd
Morgan Stanley’s List of Ten Disruptions for Indian Equity Investors
Morgan Stanley says that ten highly relevant disruption themes are awaiting Indian equity investors in the coming decade. These themes are positive for those who are ready to embrace change. According to Morgan Stanley, all relevant disruptions
IRDAI to migrate to Risk Based Supervision of Insurers
Insurance Regulatory and Development Authority of India (IRDAI) has announced its plan to move from Compliance Based Approach to Risk Based Supervisory (RBS) framework of insurance entities. Compared to compliance based approach, risk based supervision will enable
Financial Bill, Finance Bill and Money Bill
India being a federal country, laws can be made separately by Union Government and State Governments covering their domains. The Union Government (Federal Government) makes laws for the entire country and the State Governments for their respective
Insurance Regulatory and Development Authority of India (IRDAI)
Insurance Regulatory and Development Authority of India (IRDAI) was incorporated in April 2000. IRDA was constituted by the Insurance Regulatory and Development Authority Act, 1999. By the Act of Parliament passed by the Government of India, IRDAI
Compliance Audit and Risk Based Supervision
An audit is basically an inspection of the financial accounts, transactions and conduct of an entity or company undertaken by supervisory authorities. Compliance Audit and Risk Based Supervision (Audit) are two prominent forms of audits. In finance