The Reserve Bank of India encouraged the setting up of National Payments Corporation of India (NPCI) to act as an umbrella organisation for operating various Retail Payment Systems (RPS) in India. NPCI became functional in early 2009. NPCI has taken over the National Financial Switch (NFS) from the Institute for Development and Research in Banking Technology (IDRBT). National Payments Corporation of India links all the ATMs in India. It is expected to bring greater efficiency by way of uniformity and standardization in retail payments and expanding and extending the reach of both existing and innovative payment products for greater customer convenience.
According to the Union Budget 2023-24, consider the following statements.
1. The PM Programme for Restoration, Awareness, Nourishment and Ameli...
The bank bought a 5 year G-Sec with YTM of 7.6% and plans to sell them in 2 weeks. The bond could not be sold within 2 weeks due to over sight and as a ...
What financial services are offered by GFCs?
Accounting standards in India issued by:
What is the full form of UIDF which is to be established as per Union Budget 2023-24?
In cost accounting, overheads are classified into various categories based on the nature of the expenses. Which category do Director’s remuneration an...
An investor looking to protect himself from the downside risk should use which of the following derivatives?
Who introduced the concept of 'Accredited Investors' in the Indian securities markets?
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman approves the final Sovereign Green Bonds framework of India. This approval will f...
Comparison of a company’s financial results to other peer companies for the same period is called:
