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The Reserve Bank of India, India's central banking authority, was established in April 1935, but was nationalized on 1 January 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948 (RBI, 2005b). [ 31] In 1949, the Banking Regulation Act was enacted, which empowered the Reserve Bank of India (RBI) to regulate ...
Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. [ 1][ 2] It is used on mobile devices to instantly transfer ...
On 8 November 2016, the Government of India announced the demonetisation of all ₹500 and ₹1,000 banknotes of the Mahatma Gandhi Series. It also announced the issuance of new ₹500 and ₹2,000 banknotes in exchange for the demonetised banknotes. [ 2] Prime Minister Narendra Modi said that this decision would curtail the shadow economy ...
Indian Bank features at 19th slot for the first time. M. S. Sundara Rajan ( Tamil: ம்.ச்.சுந்தரராஜன )் (born 8 March 1950), is an Indian banking consultant, economist and was previously the head of Indian Bank. Rajan is a M.A. (Econ), CAIIB and A.C.S. He is a visiting faculty to many institutions.
Yashavant Kanetkar is an Indian computer science author, known for his books on programming languages. He has authored several books on C, C++, VC++, C#, .NET, DirectX and COM programming. He is also a speaker on various technology subjects and is a regular columnist for Express Computers and Developer 2.0. His best-known books include Let Us C ...
The Reserve Bank of India, abbreviated as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. Owned by the Ministry of Finance, Government of India, it is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and ...
The project, known by its acronym as KUWASIP (Karnataka Urban Water Sector Improvement Project), was supported by a US$ 39.5 million loan from the World Bank. It constitutes a milestone for India, where no large city so far has achieved continuous water supply. The project is expected to be scaled-up to cover the entire area of the three cities.
TCS BaNCS is a core banking software suite developed by Tata Consultancy Services for use by retail banks. [ 2] It includes functions for universal banking, core banking, payments, wealth management, forex and money markets, compliance, insurance, securities processing, custody, financial inclusion, Islamic banking and treasury operations.