Discussion Today : RBI & Regulating New Umbrella Entities
11.5 هزار بار بازدید -
3 سال پیش
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The Reserve Bank of India
The Reserve Bank of India is not in favour of having direct and supervisory control over the New Umbrella Entities. Instead, the central bank wants agencies such as the National Payments Corporation of India - NPCI or a newly formed body to take over the role.It was in August last year, that the RBI had released a framework for setting up NUEs, which would be able to carry out various payment services, akin to the ones being provided by the NPCI right now. The purpose of allowing private companies and entities to apply for a NUE licence was to expand the ambit and coverage of traditional and new financial instruments as well as allow applicants to set up, manage and operate the new payment system. As per the RBI guidelines, the umbrella entity applicants should have a minimum paid-up capital of Rs 500 crore, while no single promoter or promoter group can have more than 40 per cent investment of capital. The NUE should maintain a minimum net worth of Rs 300 crore at all times But why is the RBI reluctant to have a direct management over the NUEs is what we will discuss on the show today...
Anchor | Producer: TEENA JHA
GUEST-
A.K. Bhattacharya, Editorial Director, Business Standard
Ajay Shankar, Former Secy, Min. of Commerce and Industry
Anchor | Producer: TEENA JHA
GUEST-
A.K. Bhattacharya, Editorial Director, Business Standard
Ajay Shankar, Former Secy, Min. of Commerce and Industry
3 سال پیش
در تاریخ 1400/01/23 منتشر شده
است.
11,590
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