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  2. Payment and settlement systems in India - Wikipedia

    en.wikipedia.org/wiki/Payment_and_settlement...

    Time-varying charges were introduced by the RBI effective from 1 October 2011. The primary purpose of RTGS is to facilitate transactions that require immediate completion. Banks could use balances maintained under the cash reserve ratio (CRR) and the intra-day liquidity (IDL) to be supplied by the central bank, for meeting any eventuality ...

  3. Foreign exchange date conventions - Wikipedia

    en.wikipedia.org/wiki/Foreign_exchange_date...

    If the spot date falls on the last business day of the month in the currency pair then the delivery date is defined by convention to be the last business day of the target month e.g. assuming all days are business days: if spot is at 30 April, a one-month time to expiry will make the delivery date 31 May.

  4. Structured Financial Messaging System - Wikipedia

    en.wikipedia.org/wiki/Structured_Financial...

    The access control is through Smart Card based user access and messages are secured by means of standard encryption and authentication services conforming to ISO standards. [citation needed] The intra-bank part of SFMS is used by banks to take full advantage of the secure messaging facility it provides.

  5. HDFC Bank - Wikipedia

    en.wikipedia.org/wiki/HDFC_Bank

    On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.

  6. Forward exchange rate - Wikipedia

    en.wikipedia.org/wiki/Forward_exchange_rate

    Download as PDF; Printable version; In other projects ... at a 0.021572 or 2.16% premium against the dollar for delivery in 30 days. ... exchange rate at time t (+ ...

  7. Non-deliverable forward - Wikipedia

    en.wikipedia.org/wiki/Non-deliverable_forward

    The lender wants to lend dollars and receive repayments in dollars. So, at the same time as disbursing the dollar sum to the borrower, the lender enters into a non-deliverable forward agreement with a counterparty (for example, on the Chicago market) that matches the cash flows from the foreign currency repayments.

  8. Banking in India - Wikipedia

    en.wikipedia.org/wiki/Banking_in_India

    A huge data breach on debit cards issued by various Indian banks was reported in October 2016. It was estimated 3.2 million debit cards were compromised. Major Indian banks- SBI, HDFC Bank, ICICI, Yes Bank and Axis Bank were among the worst hit. [79] Many users reported unauthorised use of their cards in locations in China. This resulted in one ...

  9. Delivery versus payment - Wikipedia

    en.wikipedia.org/wiki/Delivery_versus_payment

    Delivery versus payment or DvP is a common form of settlement for securities.The process involves the simultaneous delivery of all documents necessary to give effect to a transfer of securities in exchange for the receipt of the stipulated payment amount.