Q1. What is Interest Rate Futures? A. Interest Rate Futures means a standarised interest rate derivative contract traded on a recognized stock exchange to buy and sell a notional security or any other interest bearing instrument or an index of such instruments or interest rates at a specified future date, at a price determined at… Read More »
Q1. What is the underlying for Futures on 91-day Government of India Treasury Bill (T Bill)? A. Underlying is the 91 – day Government of India Treasury bill (T Bill). Q2. What are the trading hours for T Bill Futures? A. The Trading Hours are from 9 a.m. to 5.00 p.m. on all working days… Read More »
Q1 What are Derivatives? The term “Derivative” indicates that it has no independent value, i.e. its value is entirely “derived” from the value of the underlying asset. The underlying asset can be securities, commodities, bullion, currency, live stock or anything else. In other words, Derivative means a forward, future, option or any other hybrid contract… Read More »
Investment in public Issues/ rights issues SEBI.Gov.in (a) Where can I get application forms for applying/ bidding for the shares? Application forms for applying/bidding for shares are available with all syndicate members, collection centers, the brokers to the issue and the bankers to the issue. In case you intend to apply through new process introduced… Read More »
Guide to understand an Offer Document This sub section attempts to inform the structure of presentation of the content in an offer document. The basic objective is to help the reader to navigate through the content of an offer document. (a) Cover Page Under this head full contact details of the Issuer Company, lead managers… Read More »
Where a cheque was deposited in drop box of Kotak Mahindra Bank and it was stolen and fraudulently encashed by someone through a fictitious account opened in Bank of Baroda. In such a case both Banks were liable for deficiency of services and were directed to pay Rs. 1 lakhs each as compensation to the… Read More »
Ministry of Finance Department of Economic Affairs (Capital Market Division) Frequently Asked Questions on Rajiv Gandhi Equity Savings Scheme (RGESS) 5 February 2014 No. 1/8/SM/2012 Contents I. Objectives and legal aspects of RGESS What is RGESS ? What is the objective of the Scheme ? What is the legal provision for RGESS?… Read More »
RBI/2015-16/209 DCBR.CO.RCBD.BC.No. 5/19.51.026/2015-16 October 21, 2015 The Chief Executive Officer All State/Central Cooperative Banks Madam/Dear Sir, Investments in Market Infrastructure Companies by State/Central Cooperative Banks Please refer to our circulars RPCD CO RF BC 65/07.02.03/2003-04 dated February 23, 2004 and RPCD CO RF BC 26/07.02.03/2005-06 dated August 04, 2005 in terms of which guidelines were… Read More »
RBI/2015-16/211 Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 October 22, 2015 Gold Monetisation Scheme, 2015 In exercise of the powers conferred on the Reserve Bank of India (RBI) under Section 35 A of the Banking Regulation Act, 1949 and in pursuance of the Central Government notification issued vide Office Memorandum F.No.20/6/2015-FT dated September 15, 2015 regarding “ Gold Monetisation… Read More »
The Reserve Bank of India today issued a Direction to all Scheduled Commercial Banks (excluding Regional Rural Banks) on implementation of the Gold Monetisation Scheme, 2015 notified by the Central Government. The Scheme The GMS will replace the existing Gold Deposit Scheme, 1999. However, the deposits outstanding under the Gold Deposit Scheme will be allowed… Read More »