A PPI can be used to buy goods and services as well as transferring/sending money to a friend, family, etc. Some of the prominent PPIs include Paytm, Mobikwik (semi-closed system PPIs), Gift card (closed system PPIs), Travel/Debit/credit cards (open system... (More)
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PPIs are instruments that facilitate the purchase of goods and services, including financial services, remittance facilities, etc., against the value stored on such instruments.
At present, RBI allows only three kinds of PPIs including closed system, semi-closed and open PPIs.... (More)
Commercial Bills (CBs) :
- Negotiable instruments which are issued by all India FIs, NBFCs, SCBs, Merchant banks & Mutual funds.
- Drawn by seller on the buyer (buyer gives seller), hence also called trade bills.
Treasury Bills:
- Issued by RBI3 on... (More)
MIBOR stands for Mumbai Inter Bank Offered Rate. Like LIBOR, MIBOR is the benchmark for overnight interest rates but only for the Indian Rupee (INR) at which banks can lend or borrow funds, in marketable size, from other banks... (More)
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