The Reserve Bank of India (RBI) is India’s central bank, also known as the banker’s bank.The RBI controls the monetary and other banking policies of the Indian government. The Reserve Bank of India (RBI) was established on April 1, 1935, in accordance with the Reserve Bank of India Act, 1934. […]
The Reserve Bank on Saturday came up with revised long format audit report (LFAR) norms with a view to improving efficacy of internal audit and risk management systems. The LFAR, which applies to statutory central auditors (SCA) and branch auditors of banks, has been updated keeping in view the large […]
After one and a half years of resignation, citing the personal reasons, Urjit Patel has now revealed the real reason of his resignation. In his book Overdraft- Saving the Indian Saver, he has explained that “the moves to dilute the Insolvency and Bankruptcy Code” led the cause of his sudden […]
Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. The most important feature of a cryptocurrency […]
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