New Delhi : Financial specialists are profoundly excited almost the Dependence Jio IPO and are anticipating it with awesome expectation. After two decades, Dependence Businesses is set to dispatch an IPO for one of its major commerce units. Presently, Mukesh Ambani has given a critical upgrade with respect to this Jio IPO . The draft outline for Jio Stages is anticipated to be recorded following month. This may possibly be the biggest IPO in the country's history. Dependence has designated a consortium of 19 banks to oversee this process. Mukesh Ambani, Chairman of Dependence Businesses, has dropped a major indicate with respect to the exceedingly expected IPO of Jio Stages. Depicting it as a "definitive breakthrough," Ambani signaled that the company is quickly progressing in its arrangements for what is balanced to be India's largest-ever IPO. Talking amid the company's profit discharge, Ambani expressed, "I am satisfied to share that we are making...
Every year there are hundreds of cases related to fraudulent transactions in banks. Keeping this problem of the customers, Reserve Bank of India (RBI) has announced the positive pay system in the MPC meeting this time. In which fraud will be obtained from fake cheques through 'positive pay'. This system will be applicable to cheque with an amount of Rs 50,000 or more. During the MPC meeting, RBI's governor Shaktikanta Das said that keeping in mind the security of cheque payments, we will issue guidelines related to positive pay system. This will prevent frauds in cheques of Rs 50,000 and above. He also said that in terms of volume, about 20% of transactions through cheques in the country will come under the scope of this system, while in terms of value, 80% of transactions will come under this system. The positive pay was launched by ICICI Bank in 2016 for its customers. Under the 'positive pay' system, the person issuing the cheque to a third party wi...