Regulators & Institutions Archive
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
Unique Document Identification Number (UDIN) and ICAI
Unique Document Identification Number (UDIN) is a computer system generated unique number for validating documents certified or attested by a Chartered Account. Why is Unique Document Identification Number (UDIN) introduced? There have been many complaints that financial
Bad Bank or Asset Management Company for Public Sector Banks
Setting up of a Bad Bank or Asset Management Company for Public Sector Banks (PSBs) has been in the consideration of the central government since 2017. The idea has gained momentum again in the wake of mounting
Asset Reconstruction Company (ARC) and its role in NPA management
Asset Reconstruction Company (ARC) is a financial institution that is in the business of buying Non-Performing Assets (NPAs) from banks and financial institutions and effecting settlement with borrower. Mounting non-performing assets has been a major challenge for
RXIL-Receivable Exchange of India Limited
Receivable Exchange of India Limited (RXIL) is the first Trade Receivables Discounting System (TReDS) that became operational in India. Receivable Exchange of India Limited began its operation on January 9, 2017. TReDS is an automated system driven
National Payments Corporation of India (NPCI)
National Payments Corporation of India (NPCI) is an organisation promoted by ten banks with the objective of stimulating and integrating digital payment system in India. The Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) extend
- 1
- 2