What is the limit on the amount of money for trade related transactions under RDA?
Rupee Drawing Arrangement (RDA) is a channel to receive cross-border remittances from overseas jurisdictions. This scheme is not used for cross-border outward remittances from India. There is no limit on the remittance amount as well as on the number of remittances. However, there is an upper cap of Rs.15.00 lakh for trade related transactions. No cash disbursement of remittances is allowed under RDA. The remittances have to be credited to the bank account of the beneficiary.
Last year, bad bank- NARCL was established. What does the “R” stand for in NARCL?
The share of net demand and time liabilities that banks must maintain in safe and liquid assets, such as, government securities, cash and gold with...
Which of the following statements is TRUE about IMF?
At Your Wits’ End
In case of a call option when the strike price is below the spot price, the option is -
Which of the following statement is not correct about SIDBI?
Which of the following is true about the Debit Card of the Banks?
I. By Automated Teller Machine customers can deposit or withdraw money fro...
Which is the first Indian company to be listed in NASDAQ?
A dollar denominated instrument, tradable on stock exchange in Europe or private placement in USA, representing one or more shares of the issuing compa...
What is the theme of RBI’s recently announced third cohort of Regulatory Sandbox?
