The Legal Entity Identifier (LEI) code is a unique identity number for entities participating in financial transactions including cross border activity. The code is 20-digit number in a standardised format accepted globally. In the present economic scenario, multiple entities are participating in la...
Recently on July 1, 2019, the Reserve Bank of India (RBI), waived off all charges on transactions through RTGS and NEFT modes and advised banks to pass on the benefit of the waiver to their customers. This step was taken to boost digital payments and widen the ambit of formal banking channel.This in...
