Date : Aug 28, 2015 Bank Holiday on Second & Fourth Saturdays from September 1; RBI to offer its Support Services to Banks on Working Saturdays All scheduled and non-scheduled banks – public, private, foreign, cooperative, regional rural and local area banks – will observe public holiday on second and fourth Saturdays from September 01,… Read More »
How payment banks will affect our life ? On August 19, 2015 the RBI had granted in principle approval to 11 entities for establishment of payment banks, which include established ones like Reliance Industries, Aditya Birla, Tech Mahindra, Airtel and Vodafone. The ‘in-principle’ approval shall be valid for a period of 18 months during which… Read More »
ACQUISITION AND TRANSFER OF PROPERTY IN INDIA ACQUISITION AND TRANSFER OF IMMOVABLE PROPERTY IN INDIA 1.1 Background Restrictions in respect of acquisition and transfer of immovable property in India by non-resident are covered in Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2000. Instructions are consolidated in RBI Master Circular No.… Read More »
PRADHAN MANTRI Suraksha Bandhan Yojana GOVERNMENT LAUNCHES SURAKSHA BANDHAN DRIVE IN A MISSION MODE THROUGH PARTICIPATING BANKS AND INSURANCE COMPANIES TO FACILITATE ENROLMENT UNDER PRADHAN MANTRI SURAKSHA PRESS RELEASE, DATED 9-8-2015 In order to build on the very encouraging response to the two very affordable and convenient to subscribe insurance schemes, namely the Pradhan Mantri… Read More »
CONSOLIDATED FDI POLICY CIRCULAR 2015 – INTRODUCTION OF COMPOSITE CAPS FOR SIMPLIFICATION OF FOREIGN DIRECT INVESTMENT (FDI) POLICY TO ATTRACT FOREIGN INVESTMENTS PRESS NOTE NO.8 (2015 SERIES), DATED 30-7-2015 The Government of India has reviewed the extant FDI policy on various sectors and made following amendments in the Consolidated FDI Policy Circular of 2015, effective… Read More »
BUYBACK , DELISTING, TAKEOVER OPEN OFFERS 1. I haven’t received the offer document/ acceptance/ tender form for open take over offer. How can I apply? In case of open offer, the acquirer will publish an announcement in the newspapers. The announcement, letter of offer along with form of acceptance are also made available on SEBI… Read More »
GUIDE TO UNDERSTAND IPO AND 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 »
EQUITY AND CURRENCY DERIVATIVES Q1 What are Derivatives? A. 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… Read More »
DEPOSITORY PARTICIPANTS 1. What is a depository? A “Depository” is a provider of facility for holding securities in book entry or electronic form. It is a kind of bank for securities like shares, debentures, bonds, etc. It also facilitates transactions in the securities held by it. 2. What is dematerialization (Demat)? “Dematerialization” is a process… Read More »
CREDIT RATING 1. What is the full form of CRA? The full form of CRA is Credit Rating Agency. 2. What is a credit rating agency? A credit rating agency is an entity which assesses the ability and willingness of the issuer company for timely payment of interest and principal on a debt instrument. 3.… Read More »