What role does the Memorandum of Understanding (MoU) signed between the Reserve Bank of India (RBI) and the Bank of England (BoE) play in relation to the Clearing Corporation of India Limited (CCIL), and how does it benefit UK-based banks?:
The MoU between RBI and BoE aims to establish a framework for the Bank of England to place reliance on RBI’s regulatory and supervisory activities concerning CCIL. This cooperation is intended to facilitate CCIL's recognition as a third-country Central Counterparty (CCP), which is a prerequisite for UK-based banks to clear transactions through CCIL.
India is offering a one year training programme to 80 cadets from which nation?
Consider the following Statements:
1. USA drug regulator recently approved the world's first gene therapy treatment for sickle cell disease and...
What was the increase in new subscribers to the National Pension System (NPS) in 2023-24?
Which ministry hosted the 'Run for Sun' Marathon in New Delhi to celebrate International Sun Day?
Which of the following statements about MTEX-24 and its inauguration by Defence Minister Rajnath Singh is/are correct?
1. MTEX-24 is a three-day ...
Which of the following banks are controlling the pilot project to launch eRupee Retail?
With reference to the Index of Industrial Production (IIP), consider the following statements:
I. This index...
The first state of India, which separated on Linguistic basis?
What is the main objective of the Memorandum of Understanding (MoU) signed between RBI and Bank Indonesia regarding local currencies?
In September 2023, PepsiCo India announced to set up a new manufacturing plant in which state with an investment of Rs 778 crore?