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Reserve Bank of India (RBI) released the “Framework for authorization of Pan-India Umbrella Entity for Retail Payments” recently. What should be the minimum paid-up capital of umbrella entity?
- a)250 Cr
- b)100 Cr
- c)1000 Cr
- d)500 Cr
- e)750 Cr
Correct answer is option 'D'. Can you explain this answer?
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Reserve Bank of India (RBI) released the “Framework for authoriz...
Reserve Bank of India (RBI) released the “Framework for authorisation of Pan-India Umbrella Entity for Retail Payments” on the lines of the feedback received on the “draft framework for authorisation of a Pan-India New Umbrella Entity for Retail Payment Systems” which was placed on Reserve Bank’s website on February 10, 2020 for public comments. The Board for Regulation and Supervision of Payment and Settlement Systems (BPSS), will be the final authority to issue authorisation for setting up umbrella entity / entities for retail payments comprising of Automated Teller Machines (ATMs), White Label PoS (point of sale system), Aadhaar-based payments and remittance. The minimum paid-up capital of the umbrella entity should be Rs 500 crore. All entities eligible to apply as promoters of the umbrella entity should be owned and controlled by resident Indian citizens under the Foreign Exchange Management Act, 1999 (FEMA).
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Reserve Bank of India (RBI) released the “Framework for authoriz...
Reserve Bank of India (RBI) released the Financial Stability Report (FSR) on July 23, 2021. The FSR is a bi-annual publication that provides an assessment of the overall stability of India's financial system.
The report highlighted several key findings and observations. It noted that the resilience of the banking sector has improved since the previous report, with the gross non-performing assets (NPAs) ratio declining and capital adequacy ratios improving. However, it also cautioned that the impact of the COVID-19 pandemic on the banking sector is yet to fully manifest and there are still risks to financial stability.
The FSR also highlighted the increasing importance of digital payments and the need to address cybersecurity risks. It emphasized the need for robust risk management frameworks and enhanced cybersecurity measures to protect against cyber threats and ensure the safety and efficiency of digital transactions.
Additionally, the report discussed the stress in the non-banking financial sector, particularly in the wake of the pandemic. It highlighted the need for effective regulation and supervision of non-banking financial institutions (NBFCs) to address potential risks to financial stability.
Overall, the FSR provided an in-depth analysis of the current state of India's financial system and highlighted the challenges and risks that need to be addressed to ensure stability.
The report highlighted several key findings and observations. It noted that the resilience of the banking sector has improved since the previous report, with the gross non-performing assets (NPAs) ratio declining and capital adequacy ratios improving. However, it also cautioned that the impact of the COVID-19 pandemic on the banking sector is yet to fully manifest and there are still risks to financial stability.
The FSR also highlighted the increasing importance of digital payments and the need to address cybersecurity risks. It emphasized the need for robust risk management frameworks and enhanced cybersecurity measures to protect against cyber threats and ensure the safety and efficiency of digital transactions.
Additionally, the report discussed the stress in the non-banking financial sector, particularly in the wake of the pandemic. It highlighted the need for effective regulation and supervision of non-banking financial institutions (NBFCs) to address potential risks to financial stability.
Overall, the FSR provided an in-depth analysis of the current state of India's financial system and highlighted the challenges and risks that need to be addressed to ensure stability.
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Reserve Bank of India (RBI) released the “Framework for authorization of Pan-India Umbrella Entity for Retail Payments” recently. What should be the minimum paid-up capital of umbrella entity?a)250 Crb)100 Crc)1000 Crd)500 Cre)750 CrCorrect answer is option 'D'. Can you explain this answer?
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Reserve Bank of India (RBI) released the “Framework for authorization of Pan-India Umbrella Entity for Retail Payments” recently. What should be the minimum paid-up capital of umbrella entity?a)250 Crb)100 Crc)1000 Crd)500 Cre)750 CrCorrect answer is option 'D'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Reserve Bank of India (RBI) released the “Framework for authorization of Pan-India Umbrella Entity for Retail Payments” recently. What should be the minimum paid-up capital of umbrella entity?a)250 Crb)100 Crc)1000 Crd)500 Cre)750 CrCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Reserve Bank of India (RBI) released the “Framework for authorization of Pan-India Umbrella Entity for Retail Payments” recently. What should be the minimum paid-up capital of umbrella entity?a)250 Crb)100 Crc)1000 Crd)500 Cre)750 CrCorrect answer is option 'D'. Can you explain this answer?.
Reserve Bank of India (RBI) released the “Framework for authorization of Pan-India Umbrella Entity for Retail Payments” recently. What should be the minimum paid-up capital of umbrella entity?a)250 Crb)100 Crc)1000 Crd)500 Cre)750 CrCorrect answer is option 'D'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Reserve Bank of India (RBI) released the “Framework for authorization of Pan-India Umbrella Entity for Retail Payments” recently. What should be the minimum paid-up capital of umbrella entity?a)250 Crb)100 Crc)1000 Crd)500 Cre)750 CrCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Reserve Bank of India (RBI) released the “Framework for authorization of Pan-India Umbrella Entity for Retail Payments” recently. What should be the minimum paid-up capital of umbrella entity?a)250 Crb)100 Crc)1000 Crd)500 Cre)750 CrCorrect answer is option 'D'. Can you explain this answer?.
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