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    Bonds out, Adani Group looks for new ways to refinance ACC, Ambuja M&A loans

    Bonds out, Adani Group looks for new ways to refinance ACC, Ambuja M&A loans

    Our loans to Adani Group are secure: JK Bank

    Standard Chartered stops lending against Adani dollar bonds amid volatility

    Axis Bank enters into revised pact with Max Financial Services for acquiring additional 7% stake in Max Life

    Axis Bank says exposure to Adani Group at 0.94 pc of total loans

    SBI says further financing to Adani projects to be evaluated on merit

    SBI says further financing to Adani projects to be evaluated on merit

    Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

    Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

    Our loans to Adani Group are secure: JK Bank

    Our loans to Adani Group are secure: JK Bank

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    Thousands of orphans will get opportunity to study at DU free of cost: VC

    Increase in SC, ST and OBC students enrolment in higher education institutions: AISHE 2020-21

    Increase in SC, ST and OBC students enrolment in higher education institutions: AISHE 2020-21

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    AISHE 2020-21: Enrolment of Muslim students for higher education decreases to 4.6%

    IIM Raipur introduces executive certificate programme for Strategic Chief Marketing officers

    IGNOU launches PG diploma Journalism; course available in three languages

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    Entry of foreign varsities in India will lead to healthy competition: Private Universities’ VCs

    Gender gap in undergraduate programmes widens, gains of last few years lost to pandemic: AISHE Report

  • Enterprise
    Bonds out, Adani Group looks for new ways to refinance ACC, Ambuja M&A loans

    Bonds out, Adani Group looks for new ways to refinance ACC, Ambuja M&A loans

    Our loans to Adani Group are secure: JK Bank

    Standard Chartered stops lending against Adani dollar bonds amid volatility

    Axis Bank enters into revised pact with Max Financial Services for acquiring additional 7% stake in Max Life

    Axis Bank says exposure to Adani Group at 0.94 pc of total loans

    Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

    Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

    Our loans to Adani Group are secure: JK Bank

    Our loans to Adani Group are secure: JK Bank

    SBI sees 14%-15% corporate credit growth in FY23

    SBI, BoB say Adani exposure within limits, payments on track

  • Technology
    Web Werks – Iron Mountain JV launches its First Greenfield Data Center in Mumbai

    Web Werks – Iron Mountain JV launches its First Greenfield Data Center in Mumbai

    New Course by IITs: BTech in Computational Engineering

    New Course by IITs: BTech in Computational Engineering

    Niti Aayog’s AIM, CBSE, Intel India collaborate to bring change in education sector

    Niti Aayog’s AIM, CBSE, Intel India collaborate to bring change in education sector

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    Indian Bank expands digital offerings under ‘Project WAVE’ initiative

    India records over 23 billion digital payments worth Rs 38.3 lakh crore in Q3

    Cabinet approves promotional incentives worth Rs 2,600 crore for Rupay debit cards, low value UPI transactions

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Banks told to have nodal officers to assist trade settlement in Rupee

"The government wants that banks proactively encourage traders to use this mechanism, and ensure their departments concerned are fully aware of the framework," said a senior executive of a bank who is aware of the development. According to the executive, banks have already had discussions with their counterparts from Russia, Cuba, Luxembourg, Sudan, and Tajikistan.

Prashant Dwivedi by Prashant Dwivedi
December 30, 2022
in BFSI, Enterprise
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The government has asked banks to designate nodal officers who can act as a single point of contact to facilitate and promote ‘international trade settlement in Indian rupees’ and open special rupee vostro accounts (SRVA).

The move is intended to push banks as points of referral and assist the trading community in rupee settlement.

This was conveyed to bankers earlier this month at a meeting which was attended by senior officials of ministries of finance and commerce, the Reserve Bank of India, and top executives of leading private and public sector banks.

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Source: Economic Times
Tags: banksINRrbitrade settlement
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Bonds out, Adani Group looks for new ways to refinance ACC, Ambuja M&A loans

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February 6, 2023
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