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When we usually talk of money , wealth , riches , fortunes etc , many a time we refer to Kuber , the mythological Lord of wealth and e-Kuber payments

The Reserve Bank of India (RBI) on Friday allowed retail investors to directly buy government debt or G-Secs, the first in Asia to allow direct purchases and among the very few globally. While the move will broaden the investor base, it remains to be seen if retail investors will take up the option as past attempts have not yielded good results. A G-Sec is an instrument issued by the central government or the states and, therefore, offers maximum safety. They are short term (called treasury bills, with original maturities of less than one year) or long term dated securities. They carry a fixe...

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. Powered by Capital Market - Live News (This s...

Voice of the Industry 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 ...

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 the...