Recently RBI has imposed a monetary penalty on which financial institution for not complying with directions issued on ATM deployment targets?
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.76 crore on Vakrangee Ltd for not complying with directions issued by the central bank on ATM deployment targets. The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007 (PSS Act). RBI Headquarters: Mumbai Governor: Shaktikanta Das 4 Deputy Governors: T. Rabi Sankar, MK Jain, MD Patra, M Rajeshwar Rao Vakrangee Ltd Headquarters: Mumbai MD & CEO: Dinesh Nandwana The Payment and Settlement Systems Act 2007, set up by the RBI, provides for the regulation and supervision of payment systems in India and designates the apex institution (RBI) as the authority for that purpose and all related matters. To exercise its powers and perform its functions and discharge its duties, the RBI is authorized under the Act to constitute a committee of its central board, which is known as the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS). The Act also provides the legal basis for ‘netting’ and ‘settlement finality’.The PSS Act, 2007 received the assent of the President on 20th December 2007 and came into force with effect from 12th August 2008.
From the following information calculate the amount of sales to earn a desired profit of Rs.12,000
Fixed Cost: 24,000
Selling Price: 10 pe...
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Which among the following below is also known as working capital ratio
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Credit Balance of the Bank in the company’s Cash Book is:
When a company purchases its own shares out of free reserves; a sum equal to nominal value of shares so purchased shall be transferred to
The purpose of trial balance is to know about the :
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What is the increased limit for e-mandates per transaction for subscription to mutual funds, payment of insurance premiums, and credit card bill payments?