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Why Banking?
As per RBI Act 1934,
Sec 20- RBI has the obligation to undertake the receipts
Banker to Government
Debt manager of Government
Internal accounting, servicing and audit
department
NDS, CFMS
Merger of Departments- DAD, PAD & PDO
merged into Banking Department
Merger of Current Accounts- Principal, Secondary
and Subsidiary Accounts merged into Principal
Account
Banker to Banks/FIs
Accounts of Banks, PDs, MFs, Insurance Co,
Demand Loans
Export Credit Refinance (ECR)
LSF
To Whom
Tenure
180 days
90 days
Early Closure
Allowed
Allowed
Collateral
No Collateral.
Declaration of
outstanding export
credit
Eligible Securities
Loan Amount
50 % of outstanding
export credit
95 % of security if maturity
<1 yr
Banker to Government
Principle Accounts maintained at Central Accounts
Banker to Government
Receipt- Cash, Cheque, DD and NEFT
Banker to Government
Agency Banks appointed under Section 45,
Per Transaction
Rs 50
Per Transaction
Rs 12
Pension Payment
Per Transaction
Rs 65
5.5 paise
OLTAS
On Line Tax Accounting System (OLTAS) for
What is Debt?
Equity vs Debt
forms,
Stock Certificate (SC)
Subsidiary general Ledger (SGL) Account- Only for
current account holders with RBI. Others may have
Gilt Accounts with Banks/PDs having CSGL account
with RBI
Bond Ledger Account (BLA)- Certificate of
Investment and Certificate of Holding is issued.
Currently available for investments in Relief Bond,
Saving Bond, Inflation Indexed National Saving
Security- Cumulative (IINSS-C)
It is not transferable by endorsement and delivery but
by registration in the books of RBI
Transferred by delivery
Interest and redemption is paid to the person who
Debt Manager
Auction
Yield and Price Based Auction
Allotment
Uniform Price/Dutch Auction- Bids are accepted at the
RTGS
Internal Audit- Inspection of Day Book
Compliance to Annual Statutory Audit
Annual Risk Based Internal Audit (RBIA)
Quarterly Compliance and Self Assessment Audit
(CSSA)
Housekeeping- Monitoring outstanding balances
RTGS
Systemically Important Payment System (SIPS)
New RTGS launched on 19/10/2013
Developed jointly by TCS and Montran
New features
Higher transaction processing power
Web-API
XML based messaging format- ISO20022
Better Liquidity and Queue Management
Hybrid System- Can process both RTGS and DNS
(NEFT)
Multi Currency
Future Value Transactions
Thank You