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Tag "cash"

No current account for customers availing credit via cash, OD from banks

No current account for customers availing credit via cash, OD from banks

🕔18:23, 6.Aug 2020

Mumbai, Aug 6  The Reserve Bank of India (RBI) has come up with additional measures to curb the use of multiple operating accounts for loans wherein banks have been directed not to open current accounts for customers already availing credit

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CIL allows LC as payment for coal instead of cash

CIL allows LC as payment for coal instead of cash

🕔14:56, 9.Apr 2020

New Delhi, April 9  As part of efforts to provide relief to the power sector in the period of the lockdown, the country’s largest coal producer Coal India Ltd (CIL) has allowed power companies to use Letter of Credit for

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Sebi reviews margin framework for cash, derivatives segments

Sebi reviews margin framework for cash, derivatives segments

🕔07:06, 25.Feb 2020

Mumbai, Feb 25  To bring more efficiency in the risk management system, market regulator Sebi has conducted a review of the margin framework for cash and derivatives segments. The Securities and Exchange Board of India (Sebi) said that it has

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