.jpg)
Binary Club
The I.T. & Operation Club
New Recruitment PGDM 2018-20
Schedule for Interview -@3:30PM
RBI Governor Urjit Patel unveils UPI 2.0 version
RBI Governor Urjit Patel today unveiled UPI version 2.0 which will allow customers to use overdraft limit for making payments for merchants.
The second version of the Unified Payments Interface (UPI) will also enable customers to check the invoice sent by merchant prior to making payment, National Payments Corporation of India (NPCI) said in a statement.
Delivering the presidential address at the event, Patel outlined that the launch has been the result of the calibrated approach adopted by the Reserve Bank of India - in the initial years as a developer and in later years as a catalyst and facilitator.
He said that the payment systems in India are not only comparable to any system, anywhere in the world, they also do set standards and good practices for others to emulate.
Patel also outlined the need for ensuring adequate importance to be ascribed to cyber security, stating that all efforts need to be channelled to this area and that costs should not be an inhibiting factor to this critical area, it said.
Speaking at the occasion, Nandan Nilekani, Adviser, NPCI lauded the efforts of Patel for the calibrated regulation and an innovation-fostering approach, which has resulted in India having many payment systems, which are 'state-of-the-art', and cost effective.
"The UPI has grown considerably post demonetisation and has been the catalyst for retail payment systems with many banks building products around the UPI with the fintech industry and other IT players positioned at the edge, providing innovative solutions for end-user delight. The system today is one of the best in the world that some of the developed countries are also trying to adopt," Nilekani said.
UPI was launched on April 11, 2016 and in the last two years the platform has emerged as a popular choice among users for sending and receiving money. BHIM UPI has recorded transactions worth Rs 45,845 crore and 235 million in terms of value and volume in the month of July 2018.
UPI 2.0 member banks as on date are: State Bank of India, HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, YES Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank and HSBC.
SBI Chairman Rajnish Kumar said the UPI 2.0 has enhanced features such as invoice in the inbox, signed intent/QR and UPI mandate with blocking of funds all operating in a safe and secure manner.
Minimum wages, health benefits for all media & entertainment industry workers soon
Labour ministry is working on a new legislation that will supersede the Cine-Workers and the Cinema Theatre Workers (Regulation of Employment) Act of 1981.
88 per cent rural households have savings account: Nabard survey
Read more at:
//economictimes.indiatimes.com/articleshow/65428862.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
HDFC AMC might list high, but the time for a fat-fee AMC business is over
With the changing composition of inflows to mutual funds, ETFs will grow because they mirror the performance of broad-based indexes, and are very cost-efficient for the investor.
Decoding key ratios that best reflect health of a business
The primer
You may have come across them in various analyses, but don't know whom to ask how they are linked.
We are talking about return on equity (RoE) and price to earning (P/E) multiples.
RoE by definition is self-explanatory as it points to the return generated on the equity of the company. P/E is a barometer of valuation that denotes what shareholders are willing to pay for every rupee earned.
Both largely have a positive relationship with each other. That means companies with a high RoE more or less have higher P/E ratios. Let's get the maths right.
No rocket science
A company that generates more for shareholders will command a better P/E. The reason is pretty straight forward. Higher margins, higher growth or a higher RoE drive investors, who won't mind paying more for those companies.
Don't overlook PAT, EBIT
The ratio of PAT (net profit) and EBIT (operating profit) gives you an idea of the cost of financial leverage or how the interest cost of the firm is managed. Lower the interest and tax burden, the higher is this ratio. You would do well to get into finer details like actual cost, currency risk and the like. But markets like companies that can grow with low debt cost.
Two things to remember
One, the RoE-P/E linkage best works if seen over a period of time. Two, when a company does not have too many investment opportunities, they pay out more by way of dividends. That is when markets lose interest and the P/E ratio comes down.