Reserve Bank to purchase govt securities (G-secs) worth Rs 10,000 crore

This move aimed at inducing liquidity in the system.
Through Open Market Operations (OMO), purchase of the government securities will be done.
Eligible participants have to submit their offers in electronic format on the RBI’s Core Banking Solution (E-Kuber) system.
Also buy securities having five different maturity dates (maturing in 2020, 2022, 2027, 2030, and 2042).

$400 m raised by YES Bank via syndicated loan facility from its IBU in Gujarat

It reinforces the bank’s ability to raise substantial foreign currency resources through various product instruments at a competitive price.
Amounts are nearly ₹2,900 crores; funds will be used to support IFSC Banking Unit (IBU’s) growth.
IBU has crossed $3 billion balance sheet within three years of starting operations at GIFT City, by YES Bank.
3-year loan facility involves a syndication led by 8 firms, which are:
- Bayerische Landesbank,
- Commerzbank,
- CTBC Bank,
- First Abu Dhabi Bank PJSC,
- Korea Development Bank,
- State Bank of India,
- United Overseas Bank and
- Westpac Banking Corporation,
Bank has also raised USD 400 million through two syndicated loan transactions in Taiwan and Japan in November 2017, which are
- $250 million from Taiwanese banks
- $150 million) from Japan.
Yes Bank:
- Headquarters: Mumbai
- CEO: Rana Kapoor
- Tagline: Experience our Expertise.

This will help India Post provide affordable, quality banking and payment services to its customers.
Over any channel – online, unified payments interface (UPI), quick-response (QR) codes, Aadhaar and IPPB accounts, micro-merchants are able to accept payments.
Plans of creating a QR based payments acceptance network for unorganized retail sector mainly at the rural parts of the country.

Group insurance coverage is provided to all eligible demat account holders serviced through depository participants associated with it.
The age of demat account holders is between 18 years and 59 years.
Group insurance scheme will provide a cover of ₹1 lakh for every eligible demat account subject to maximum of ₹5 lakhs for any single individual at a very nominal price.
LIC
- Headquarters: Mumbai
- Founder: Government of India
- Founded: 1 September 1956

Beneficial ownership criteria should be applicable for know your customer rules only and not for eligibility for foreign investors.
Committee suggested that NRIs should be allowed to manage funds and have relaxed rules that would have limited their investments in the country.
No restrictions should be imposed for managing non-investing FPIs or Sebi-registered offshore funds.
Entity can be considered for foreign government agency ‘only if more than 75 per cent ownership entitlement and control is held by the government of a foreign country.
To comply to new rules, FPIs will be given 6 months and non-compliant investors can be given further 180 days to stop their operations.

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