The bank has received approval from the Reserve Bank of India for making iProcess its wholly-owned subsidiary, subject to certain conditions, ICICI Bank said in a regulatory filing.
"The nominal value of the bond based on the simple average of closing price (for gold of 999 purity)... works out to Rs 5,923 per gram of gold," it said, while announcing the issue price of Sovereign Gold Bond Scheme 2023-24 Series II (second tranche).
Reserve Bank of India Governor Shaktikanta Das on Wednesday urged fintech players to set up a SRO at the earliest for an orderly growth of the industry.
BBPS (Bharat Bill Payment System) cross-border bill payment will highlight the adaptability of the BBPS platform to integrate with fintechs and conventional financial players to facilitate domestic as well as cross-border payment transactions.
The exchange and deposit facilities for these notes are accessible not only at banks but also at the 19 Regional Offices (ROs) of the RBI that have Issue Departments.
In fact, there are going to be a total of 17 holidays this month, including Sundays and the second and fourth Saturdays. These holidays are allowed under the Negotiable Instruments Act.
At the interbank foreign exchange market, the local unit opened at 83.10 against the US dollar and moved in a range of 83.05 to 83.16 in the day trade.
This portal has been developed by RBI for use by members of the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks in one place, an RBI release said
It is necessary to avoid unduly long elongation which sometimes may ... camouflage an underlying stress in a particular loan, Governor Shaktikanta Das said