Government of India has announced the sale (re-issue) of Government Stock through auctions to be held on February 5, 2021. These include 3.96% GS 2022 (Rs 2000 crore), 5.15% GS 2025 (Rs 11000 crore), Rs 5.85% GS 2030 (Rs 11000 crore), 6.80% GS 2060 (Rs 7000 crore). The underwriting auction will be conducted through multiple price-based method on February 5, 2021 (Friday).
PDs may submit their bids for ACU auction electronically through Core Banking Solution (E-Kuber) System between 11:00 A. M. and 11:30 A. M. on the date of underwriting auction.
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Knab implements Konsentus Verify to secure their PSD2 API service Tuesday 26 January 2021 15:22 CET | Editor: Oana Ifrim | Voice of the industry
Knab discusses how
Konsentus Verify allowed them to improve the level of security needed to protect customers from the risk of Open Banking fraud
Knab, a Dutch subsidiary of AEGON Netherlands, was initially set up in 2012 as a consumer bank offering an affordable online checking account with smart tools to save money backed up by excellent customer service.
Since 2014, the focus has been on business banking, servicing the needs of the self-employed. And their ‘Knab Zakelijk’ has consistently been voted the most advantageous business account by MoneyView.
Government of India has announced the sale (re-issue) of Government Stock through auctions to be held on January 22, 2021. The amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), include 3.96% GS 2022 ( Rs 2,000 crore), 5.15% GS 2025 (Rs 11,000 crore), 5.85% GS 2030 (Rs 8,000 crore) and 6.80% GS 2060 ( Rs 6,000 crore). The underwriting auction will be conducted through multiple price-based method on January 22, 2021 (Friday).
PDs may submit their bids for ACU auction electronically through Core Banking Solution (E- Kuber) System between 9.00 A. M. and 9.30 A. M. on the date of underwriting auction.
The Reserve Bank of India (RBI) on Friday proposed to introduce a scale-based regulatory framework for non-banking financial companies (NBFC) to segregate larger entities and expose them to a stricter set of “bank-like” rules. This is aimed at protecting financial stability while ensuring that smaller NBFCs continue to enjoy light-touch regulations and grow with ease. In a discussion paper released on its website, the central bank suggested a four-tier pyramid structure for the sector. There will be a base layer (NBFC-BL), which will have NBFCs with an asset size of up to Rs 1,000 crore, accommodating more than 95 per cent of the non-deposit taking shadow lenders. This layer will continue to enjoy regulatory arbitrage.