Know the world of banking of finance
To register a complaint with the Banking Ombudsman in India, you can follow these steps: Remember to maintain a calm and professional approach throughout the complaint resolution process. It’s essential to provide accurate information and maintain a record of all interactions and documents related to your complaint for future reference.
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To register a complaint with the Banking Ombudsman, you can follow these steps: Remember, the specific process and requirements for filing a complaint with the Banking Ombudsman may vary depending on the country you are in. Therefore, it is advisable to refer to the official website of the relevant Banking Ombudsman scheme for detailed instructions
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The stock market plays a significant role in the Indian economy. Here are some key aspects of its role: It’s important to note that the stock market’s role is intertwined with other components of the financial system, such as banking, insurance, and regulatory bodies. Collectively, these elements contribute to the development and functioning of the
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The BR Act, 1949, refers to the Banking Regulation Act, 1949, enacted by the Parliament of India. It is an important piece of legislation that governs the functioning and regulation of banks in India. Here are some of the important provisions of the BR Act, 1949: These are some of the key provisions of the
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You can open a free Demat account online within five minutes and start buying sovereign gold bonds. Sovereign Gold Bond can be bought either in the open market or in the secondary market. Click here to open your free Demat Account and buy Sovereign Gold Bond with a discount of Rs.50 per gram. 1. What is SGB (Sovereign
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Ever since the Reserve Bank of India has moved its monetary policy to an inflation targeting system in 2016, the savings bank rate of interest has come down drastically and is the lowest in the history of Scheduled Commercial Banks in India. It is usual to see that the larger banks in India offer the
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Report of the Central Board of Directors on the working of the Reserve Bank of Indiafor the year ended June 30, 2020, submitted to the Central Government in terms ofSection 53(2) of the Reserve Bank of India Act, 1934. The Governor, Reserve Bank of India submits the following documents to The Finance Secretary, MoF, GOI
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IDPMS – Import Data Processing andMonitoring SystemIFA – International Financial ArchitectureIFSC – International Financial ServicesCentresIGBC – Indian Green Building CouncilIIFCL – India Infrastructure Finance CompanyLimitedIIP – Index of Industrial ProductionIMFC – International Monetary and FinancialCommitteeIMPS – Immediate Payment ServiceIMSS – Integrated Market SurveillanceSystemInd AS – Indian Accounting StandardsInvITS – Infrastructure Investment TrustsIOS – Industrial Outlook
Important Abbreviations on RBI, Banking and Indian Economy – Part II Read More »
ADEPT – Automated Data Extraction ProjectAePS – Aadhar Enabled Payment SystemALM – Asset-Liability ManagementAMRMS – Audit Management and RiskMonitoring SystemAQI – Asset Quality IndexARCs – Asset Reconstruction CompaniesARMS – Audit and Risk Management SubCommitteeBBPOUs – Bharat Bill Payment Operating UnitsBBPS – Bharat Bill Payment SystemBCBS – Basel Committee on BankingSupervisionBCP – Business Continuity PlanBCSBI –
Important Abbreviations on RBI, Banking & the Indian Economy – Part I Read More »
