12/4/24 Flashcards
Which private entity recently secure payment aggregator licence from RBI
Tata Pay
Who are the prominent players in payment aggregator
Razor pay ,cash free and Google pay
What is the name of the Tata subsidiary which runs white label ATMs in rural areas?
Indicash
What is the second payments business to be housed within the Tata group?
Tata Pay. First one is Indicash
What is known as commercial paper
Commercial paper is an instrument which raises fund. Commercial paper or issued for the maturity period of 15 days to 1 year maximum.
What is the minimum time period for short-term commercial papers?
Seven days this new norm active from April 1, 2024
What is the new regulation for non-convertible debentures and short time commercial papers?
All residents are eligible to invest in commercial papers and non-convertible debentures to the extended permitted under FEMA or the rules framed under.
What is the tenure for the non-convertible debentures?
Cannot be less than 90days or more than one year
Does non-resident of India, eligible to invest in short time, commercial papers and non-convertible debentures
Yes, as per the new rule they are eligible
What is a profit and in purchasing short time, commercial papers?
We can buy the commercial papers at the discount in the beginning .
Which year RBI is established?
April 1, 1935
Where is the headquarter of RBI?
Mumbai, Maharashtra, India
Who is the governor of RBI?
Shaktikanta, Das
Who are the deputy governors of RBI?
Swaminathan, Janakiraman M, Rajeshwar Rao, Michael Patra and T Ravi Shankar
What is the name of the age of fin tech start-up launch the first number less prepaid ID card for students and educational institutions
Leo 1in collaboration with NSDL payments bank and with a MasterCard as network partner