Payment and Settlement Systems Act, 2007 Payment and Settlement Systems Act, 2007 The Payment and Settlement Systems Act, 2007 (PSSA) was introduced to regulate and supervise the rapidly evolving electronic payments ecosystem in India. With the growth of online banking, credit cards, UPI, and digital wallets, the RBI needed a legal framework to protect users […]
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Comprehensive Guide to Term Loans A Term Loan is a loan offered by financial institutions that must be repaid in regular installments over a specified term. These loans are commonly used for funding capital expenditure, expansion, asset purchases, or personal financial needs. Unlike working capital loans, term loans are typically for longer durations and are
The Complete Guide to BASEL Norms The stability of the global banking system depends on a set of international regulations known as the BASEL Norms. These norms help ensure that banks operate safely, maintain adequate capital, and can withstand financial shocks. For investors and financial analysts, understanding BASEL Norms is crucial to evaluating a bank’s