1.In August 2021, the Reserve Bank of India (RBI)
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18 December 2020 Reliance and Bp Announce First Gas from Asia's
18 December 2020 Reliance and bp announce first gas from Asia’s deepest project • Commissioned India's first ultra-deepwater gas project • First in trio of projects that is expected to meet ~15% of India’s gas demand and account for ~25% of domestic production Reliance Industries Limited (RIL) and bp today announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the east coast of India. RIL and bp are developing three deepwater gas projects in block KG D6 – R Cluster, Satellites Cluster and MJ – which together are expected to meet ~15% of India’s gas demand by 2023. These projects will utilise the existing hub infrastructure in KG D6 block. RIL is the operator of KG D6 with a 66.67% participating interest and bp holds a 33.33% participating interest. R Cluster is the first of the three projects to come onstream. The field is located about 60 kilometers from the existing KG D6 Control & Riser Platform (CRP) off the Kakinada coast and comprises a subsea production system tied back to CRP via a subsea pipeline. Located at a water depth of greater than 2000 meters, it is the deepest offshore gas field in Asia. The field is expected to reach plateau gas production of about 12.9 million standard cubic meters per day (mmscmd) in 2021. Mukesh Ambani, chairman and managing director of Reliance Industries Limited added: “We are proud of our partnership with bp that combines our expertise in commissioning gas projects expeditiously, under some of the most challenging geographical and weather conditions. -
Punjab National Bank: Ratings Assigned and Reaffirmed; Stable Outlook Assigned
August 14, 2020 Punjab National Bank: Ratings assigned and reaffirmed; Stable outlook assigned Summary of rating action Previous Rated Current Rated Instrument* Amount Amount Rating Action (Rs. crore) (Rs. crore) [ICRA]AA-(hyb) (Stable); Reaffirmed, removed Basel III Compliant Tier II Bonds 1,000.00 1,000.00 from ‘rating watch with positive implications’ and Stable outlook assigned [ICRA]AA- (Stable); Reaffirmed, removed from Infrastructure Bonds 3,000.00 3,000.00 ‘rating watch with positive implications’ and Stable outlook assigned MAA (Stable); Reaffirmed, removed from Fixed Deposits Programme - - ‘rating watch with positive implications’ and Stable outlook assigned Certificates of Deposit [ICRA]A1+; Reaffirmed 60,000.00 60,000.00 Programme Basel III Compliant Tier II Bonds^ NA 3,000.00 [ICRA]AA-(hyb) (Stable); Assigned Basel II Compliant Lower Tier II [ICRA]AA- (Stable); Assigned NA 1,200.00 Bonds^ Total 64,000.00 68,200.00 *Instrument details are provided in Annexure-1 ^ These instruments were originally issued by erstwhile Oriental Bank of Commerce (e-OBC), now merged with Punjab National Bank Rationale The rating reaffirmation takes into account the conclusion of the merger between Punjab National Bank (PNB), erstwhile Oriental Bank of Commerce (e-OBC) and erstwhile United Bank of India (e-UBI), with the merger being effective from April 1, 2020 (the merged entity is hereafter referred to as PNB-M). With the conclusion of the merger, PNB-M’s systemic importance has increased further as it accounts for a share of ~7.2% in the net advances and 8.2% in the total deposits of the banking system as on April 1, 2020 compared to ~4.8% and ~5.4%, respectively, on a standalone basis. -
Microfinance and Women Empowerment - the Road Blocks Sustainable Solutions: India Post and Online Arketing
IOSR Journal of Humanities And Social Science (IOSR-JHSS) Volume 21, Issue 10, Ver. 9 (October.2016) PP 57-63 e-ISSN: 2279-0837, p-ISSN: 2279-0845. www.iosrjournals.org Microfinance and Women Empowerment - The Road Blocks Sustainable Solutions: India Post and Online Arketing Prof Suryakumari Duggirala, Dr V S Deshpande, Dr S V Deshpande Visiting Faculty,Indian Maritime University, Chennai, Indiaphd Scholar, Deptt Of Economics Rtm Nagpur University, Nagpur, India Professor & Head, Deptt Of Managementrtm Nagpur University, Nagpur, India Abstract:- Sustainable Development, One Of The Millennium Development Goals And Economic Growth Is Possible Only When Economies Include Women Empowerment In The Growth Story. Microfinance Enabling Women Empowerment Has Been Successful With Respect To Financial Access For Women, But The „Elephant In The Room‟ Is How To Market The Products Produced. Online Marketing Incorporates All The Elements Of E-Commerce, Lead-Based Websites, And Affiliate Marketing With Local Search. With The „Make In India‟ Campaign And The „Digital India‟ Program All Set To Take Off In India, And India Is Going Through Rapid Liberalization. With The Largest Network Of Core Banking Solutions Branches In India From 250-Odd In 2014 To 22,000 At Present, India Post Has Come A Long Way. Now There Has Been A New Development Of The Post Offices Becoming Payments Bank. Mfi-Shgs Can Get Into An Exclusive Marketing Agreement With India Post To Market All Their Products Online. India Post Can Delve Into This Venture And It Is A Win-Win Solution For All The Stakeholders. Keywords:-Online Marketing, Self-Help Groups, Micro-Finance, India Post, Payments Bank I. -
Press Release Reliance Industries Limited
Press Release Reliance Industries LImited March 30, 2020 Ratings Amount Facilities Rating1 Rating Action (Rs. crore) CARE AAA; Non-Convertible Debentures 10,386 Stable(Triple A; Assigned Outlook: Stable) Details of instruments/facilities in Annexure-1 Other Ratings Instruments Amount (Rs.Crore) Ratings Non-Convertible Debenture 40,000 CARE AAA; Stable Commercial Paper 34,500 CARE A1+ Detailed Rationale& Key Rating Drivers On March 18, 2020, the company announced that the Hon’ble National Company Law Tribunal (NCLT), Ahmedabad Bench has approved the Scheme, for transfer of certain identified liabilities from Reliance Jio Infocomm Limited (RJIL; rated CARE AAA; Stable/ CARE A1+, CARE AAA (CE); Stable) to Reliance Industries Limited (RIL). Pursuant to the Scheme of Arrangement amongst RJIL and certain classes of its creditors (the “Scheme”) as sanctioned by the Hon’ble National Company Law Tribunal, Ahmedabad Bench, vide its order dated March 13, 2020, RIL has assumed the NCDs issued by RJIL. The rating continues to factor in the immensely experienced and resourceful promoter group, highly integrated nature of operations with presence across the entire energy value chain, diversified revenue streams, massive scale of downstream business with one of the most complex refineries, established leadership position in the petrochemical segment as well as strong financial risk profile characterized by robust capital structure, stable cash flows and healthy liquidity position. The rating also factors in the increasing wireless subscriber base which has led its digital services business to attain a leadership position in the industry as well as the various steps announced by the management to reduce the debt on a consolidated level. -
VISA Europe AIS Certified Service Providers
Visa Europe Account Information Security (AIS) List of PCI DSS validated service providers Effective 08 September 2010 __________________________________________________ The companies listed below successfully completed an assessment based on the Payment Card Industry Data Security Standard (PCI DSS). 1 The validation date is when the service provider was last validated. PCI DSS assessments are valid for one year, with the next annual report due one year from the validation date. Reports that are 1 to 60 days late are noted in orange, and reports that are 61 to 90 days late are noted in red. Entities with reports over 90 days past due are removed from the list. It is the member’s responsibility to use compliant service providers and to follow up with service providers if there are any questions about their validation status. 2 Service provider Services covered by Validation date Assessor Website review 1&1 Internet AG Internet payment 31 May 2010 SRC Security www.ipayment.de processing Research & Consulting Payment gateway GmbH Payment processing a1m GmbH Payment gateway 31 October 2009 USD.de AG www.a1m.biz Internet payment processing Payment processing A6IT Limited Payment gateway 30 April 2010 Kyte Consultants Ltd www.A6IT.com Abtran Payment processing 31 July 2010 Rits Information www.abtran.com Security Accelya UK Clearing and Settlement 31 December 2009 Trustwave www.accelya.com ADB-UTVECKLING AB Payment gateway 30 November 2009 Europoint Networking WWW.ADBUTVECKLING.SE AB Adeptra Fraud Prevention 30 November 2009 Protiviti Inc. www.adeptra.com Debt Collection Card Activation Adflex Payment Processing 31 March 2010 Evolution LTD www.adflex.co.uk Payment Gateway/Switch Clearing & settlement 1 A PCI DSS assessment only represents a ‘snapshot’ of the security in place at the time of the review, and does not guarantee that those security controls remain in place after the review is complete. -
Digital Payments Take Off in India December 9, 2016
DIGITAL PAYMENTS TAKE OFF IN INDIA DECEMBER 9, 2016 SUMMARY ABOUT ASG On November 8, Prime Minister Narendra Modi announced that at the stroke of Albright Stonebridge Group midnight, currency notes of Rs. 500 and Rs. 1,000 denominations would cease to be (ASG) is a leading global legal tender. business strategy firm. We help clients understand and Following the announcement, digital payments through credit and debit cards as well successfully navigate the as digital wallets have accelerated, and the government is continuing its push to economic, political, and decrease cash payments in the economy. social landscape in international markets. The government has announced incentives including waiving service taxes on ASG’s worldwide team of digital payments, discounts on purchases (petrol, railway tickets, highway tolls), commercial diplomats has and more. served clients in more than 110 countries. Over 12.6 trillion rupees ($185 billion) have been deposited into bank accounts since the government’s announcement on November 8. ALBRIGHTSTONEBRIDGE.COM GDP growth is expected to suffer in the short-run, according to S&P and Moody’s. Shortage of card-reading machines has been a boon for mobile payments companies. The Reserve Bank of India has waived off two-factor authentication requirements to transactions valued under Rs. 2,000. The Finance Ministry has announced plans to make all payments above Rs. 5,000 by government departments to contracts via electronic payments. A high-level committee of chief ministers has been formed to develop a roadmap for increased use of digital payments in the economy. The government is working on an upgraded Unified Payments Interface for banks to increase ease of use and security across the network. -
Everything on BHIM App for UPI-Based Payments
Everything on BHIM app for UPI-based payments BHIM UPI app - From linking bank accounts to sending payments. BHIM is based on UPI, which is the Universal Payments Interface and thus linked directly to a bank account. The new digital payments app calledBHIM is based on the Unified Payments Interface (UPI). The app is currently available only on Android; so iOS, Windows mobile users etc are left out. BHIM is also supposed to support Aadhaar-based payments, where transactions will bepossible just with a fingerprint impression, but that facility is yet to roll out. What can BHIM app do? BHIM is a digital payments solution app based on Unified Payments Interface (UPI) from the National Payments Corporation of India (NPCI). If you have signed up for UPI based payments on your respective bank account, which is also linked to your mobile number, then you’ll be able to use the BHIM app to conduct digital transactions. BHIM app will let you send and receive money to other non-UPI accounts or addresses. You can also send money via IFSC and MMID code to users, who don’t have a UPI-based bank account. Additionally, there’s the option of scanning a QR code and making a direct payment. Users can create their own QR code for a certain fixed amount of money, and then the merchant can scan it and the deduction will be made. BHIM app is like another mobile wallet? No, BHIM app is not a mobile wallet. In case of mobile wallets like Paytm or MobiKwik you store a limited amount of money on the app, that can only be sent to someone who is using the same wallet. -
Reliance Industries and Reliance Communications Sign Telecom Tower Pact
Reliance Industries and Reliance Communications Sign Telecom Tower Pact The Ambani brothers have signed a mega deal to share mobile telecom towers. The agreement would permit Reliance Jio Infocomm, a subsidiary of Mukesh Ambani's, Reliance Industries Limited to rent 45000 telecom towers of Anil's Reliance Communications for a period of 15 years. Reliance Jio Infocomm will pay Rs. 12000 crores to Reliance Communication for this lease, which translates to around Rs. 14000-15000 per tower per month. The deal is a win-win for both the companies as it provides a regular income stream for Reliance Comunications and a quicker and economical network capability to Reliance Jio Infocomm when it rolls out its 4G services. Reliance Jio Infocomm could commence occupying some of the towers in the next six months. As per the market sources, Reliance Jio Infocomm did a hard bargain as the prevailing market rental value for a telecom tower ranges around Rs. 25000 - 30000 per month. Reliance Communication will use a large part of the proceeds to retire debt. It has an outstanding debt of around Rs 39,000 crores. This is the second telecom business deal between the two Ambani brothers. Earlier, in April this year these two companies had signed a Rs. 1200 crore pact to share the optic fibre network for carrying call traffic across the country. According to Gurdeep Singh - chief executive (mobility), Reliance Communications, it is possible that these two firms will sign more deals that are mutually beneficial. Synergies in telecom operations appear to have brought the two family factions together. -
Jio & Sbi Collaborate to Deepen Digital Partnership
MEDIA RELEASE JIO & SBI COLLABORATE TO DEEPEN DIGITAL PARTNERSHIP SBI YONO to integrate with Reliance MyJio platform Jio Prime to accelerate digital transactions by SBI customers Jio to offer special connectivity and devices solutions for SBI customers Mumbai, 2nd August 2018: Post operationalization of Jio Payments Bank (a 70:30 JV between RIL and SBI) Jio and SBI are deepening their partnership to bring next generation bilateral frictionless experience with exclusive digital Banking, Payments and Commerce journeys for their customers. Jio and SBI are entering into a digital partnership aimed to increase SBI’s digital customer base multi-fold. SBI YONO is a revolutionary omni channel platform offering digital banking, commerce and financial superstore services to customers. YONO’s digital banking features and solutions will be enabled through the MyJio platform for a seamless, integrated and superior customer experience. MyJio, one of India’s largest over-the-top (OTT) mobile applications will now bring in financial services capabilities of SBI and Jio Payments Bank. Jio and SBI customers will benefit from Jio Prime, a consumer engagement and commerce platform from Reliance. Jio Prime will offer exclusive deals from Reliance Retail, Jio, partner brands and merchants. In addition, with an integration between SBI Rewardz (existing loyalty program from SBI) and Jio Prime, customers of SBI will be offered additional loyalty reward earning opportunities as well as broader redemption within Reliance, Jio and other online and physical partner ecosystems. SBI will be engaging Jio as one of its preferred partners for designing and providing network and connectivity solutions. Jio’s highest quality network in urban and rural regions will allow SBI to launch customer centric services such as video banking and other on-demand services. -
Faqs Answers
Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank S. No. FAQs Answers General Banking FAQs Will my account number change on 1. No, your existing account number will remain same. System Up gradation of my branch? Yes, your user ID may get changed. To know your user ID, please click on “Know your user ID” on login page of the Internet Banking Service option, then enter account no. -> enter DOB/PAN no. -> enter OTP received on registered mobile number. Does my Customer Identification 2. Number (CIF) change? In case your Customer ID is of 8 digits, For eOBC customers, please prefix alphabet „O‟ in customer ID. For eUNI customers, please prefix alphabet „U‟ in customer ID and then try. Yes. You can check it on www.pnbindia.in or you can contact your base branch or Customer Care Helpline No. 18001802222 or 18001032222 to know new IFSC and MICR Code of your Branch. Does my branch IFSC and MICR code Bank has already sent SMS carrying new IFSC and MICR Code of 3. change? your Branch to your registered mobile number. For e-OBC branches: https://www.pnbindia.in/downloadprocess.aspx?fid=dYhntQN3LqL12L04pr6fGg== For e-UNI branches: https://www.pnbindia.in/downloadprocess.aspx?fid=8dvm/Lo2L15cQp3DtJJIlA== There will not be any issues while maintaining accounts of e-OBC, What happen if I have accounts in both 4. e-UNI and PNB in PNB 2.0. However, you may need to merge your Oriental Bank of Commerce and Punjab accounts into one CIF/Cust Id. -
Active Member List
NDS-CALL MEMBER LIST S.No Category of Participants No of Participants I BANKS a PUBLIC SECTOR BANKS 10 b PRIVATE SECTOR BANKS 17 c FOREIGN BANKS 32 d CO-OPERATIVE BANKS 48 e PAYMENTS BANK 6 f SMALL FINANCE BANK 10 II BANKS CUM PRIMARY DEALERS 11 III PRIMARY DEALERS 7 TOTAL ACTIVE NDS-CALL MEMBERS 141 NAME OF PARTICIPANTS I BANKS a PUBLIC SECTOR BANKS 1 BANK OF INDIA 2 BANK OF MAHARASHTRA 3 CENTRAL BANK OF INDIA 4 INDIAN BANK 5 INDIAN OVERSEAS BANK 6 PUNJAB AND SIND BANK 7 PUNJAB NATIONAL BANK 8 STATE BANK OF INDIA 9 UCO BANK 10 UNION BANK OF INDIA b PRIVATE SECTOR BANKS 1 BANDHAN BANK LIMITED 2 CITY UNION BANK LIMITED 3 DCB BANK LIMITED 4 DHANLAXMI BANK LIMITED 5 ICICI BANK LIMITED 6 IDBI BANK LIMITED 7 IDFC FIRST BANK LIMITED 8 INDUSIND BANK LIMITED 9 TAMILNAD MERCANTILE BANK LTD. 10 THE CATHOLIC SYRIAN BANK LTD. 11 THE FEDERAL BANK LIMITED 12 THE JAMMU AND KASHMIR BANK LTD. 13 THE KARNATAKA BANK LTD. 14 THE KARUR VYSYA BANK LTD. 15 RBL BANK LIMITED 16 THE SOUTH INDIAN BANK LIMITED 17 YES BANK LIMITED c FOREIGN BANKS 1 ABU DHABI COMMERCIAL BANK 2 AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 3 BANK INTERNASIONAL INDONESIA 4 BANK OF BAHRAIN AND KUWAIT B.S.C 5 BANK OF CEYLON 6 BARCLAYS BANK PLC 7 BNP PARIBAS 8 COOPERATIEVE RABOBANK U.A. 9 CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK 10 CREDIT SUISSE AG 11 CTBC BANK CO. LTD. 12 DBS BANK INDIA LTD. -
Bank of India Bank Statement Pdf
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