|GST and Disinvestment Policy in Apdia

MONEY - Part 2

E-Ways f Money Transfe

RBI's (ertralized baymerts Systerm (cPs) NPCI's IMPS
RTGS:RealTine Goss NEFT:Nghongl lectrorn IMPS : mmadiate
Settlement fund $ Tnsfe Payment System
Amount |Minimum- RS2 lakh Minimum- no limit |Rslubto 5 lakh
Maximym-Rs2,000 Cr. Moximum- ub to l0 (ealie it was wpb
Lgkhakh)
Sett ement|nstant akes about 30 mi nute 4nstont
24 x7
Tining
Changes Online -no chaxges TAansacti on chaxgus
|offline - TAon saction chasges +GST GST

Bonks
Facilitator 2021 onwaHds bon ks as wel as non -
banking enti ties If ke fayt, G-Pay. Mobile
opeatos
Wallet
et, can allow thi s

Fosmed in 2008 - Non soit camþany

NPCT- RBI d hdian Bonk Assodoion
Stotay Body thacugh Payment od setlement
b fo setail paumet settlement.

Anitiatives bMes erttment mangament

Bharg+ 61 bayment System o Unijied
Syste m.
 Ato debi + o AeCUMH0Ng bills.
b U+ility bills .
Ngtiongl financial Sutch ’ MUn ATM netwoik cheque TuN cation
System - Cheasance a chegue
UPI ’ digital aymert
2022 > 0R code scan
Cuwent Affai UPI ite atue phone UPI thacugh
mobile numbet
BHIM - COshless þayment dinectls thaough Smavd d non
Smat þhone. Not tequine walet mOney
Rubay - Paunent gateuny a hdio
ATM
Thaee mode s Point o Sale device
Online þta
AEPS - Adha enabled Payment System fo digect beni<it
Hans<or
E-Rupi - Paebaid cashless electaonic
Vouche Digect Bentfit TOnsfe SMS O OR Code ’
Can be issued by bai vate SectoH.
Value volume od
al UP) tOnsacton incHased.
ConveHsaiongl Vayment -by Al Pouewed system.fou sale
Syotem.
UPI lite - 500 to 200 aLine +onsaction thuau gh Nea
tield camnunicatian technology wthaut Antesnet
Andia Singaþose
 Aecentuglised
Block chain System
Technolbogy
(Peey to Pet tCypto (sMNerey
Vitua)
uwy
netw)

em etc
Ex :- Bitcoin, Doga coi n, Eyeth4
Wallet - Stote money
Hot Walet online
walet - ahie through bendive
Cold
CUONcy
2013 - Gov waHned to nat wse cuWbto
stap Cybto tansactian.
2018 - guidad all bonk to
D022 - Revoke ban an Guypto
Not legal i dndig
noSove9yegn
Volatile uth avity
IRBl not in fovaws
TesH |No backing
hinancing
Egubee - Cerntoal Bank Digital went -digital juom CMIny
th digital tan Saction.
digital tans<o hau phyical cuvuancy
UPI

>issuing Authavity
>Valuatian
b Regulatien
 Puintin go cajing cost
Recuce dolu Reduce thelt
debendency
-No untenet
Keb wecosd by Transfor mqtioned
Gov Peduce Cou htexfet
CBDC notes

Digitl Demonelizaton
finoncia)- ite wallet UPI
Biepai d
G6T ashless economy Payment inuo
BANKING
fingncial Antoymediayies -
debosit Loan

Sunblus FI Lack
Sntésnest
Sntenest
Recieve
paid
Senvice baovided by Ainancial nstitutfan to
Bonking -

acebt dabosit d þiovida loons

movement money
Bon k
Patmay Secondavy
>Accept debosit Discounting Bill a7 exchanga
Advance Loan Exchange of seawity
CHedi t cAeation eating fasor
firancing fevagn taade Psovicling Locke
 CwNcy issu ance Cha neling fund
Anteynati ena
Saving de post
tado Ampowtone
iqudity
managemen

Evolution of Banking in Sndia

he Bank of Hindustan in Calcurta CI770 --1832 ).
Jhe Pae Geneskal Bnk of sndia CI786-1791) and Oudh
ndebenden ce CommeNdal Bonk CI881 - 1958), the COuntuy 's fbist
Phase of Bopk CommeIcal bank.
ing ie. befoue Ampeial Bank a ndia wab yenamed as State
1947 Bank al ndia CI955)

S small solo ndustay

Layqe industsiks Reduce exbpbitotion

we sewed by 7of þooy þeoble by
Ban Nationdlizaton mopey Jendlew
of Banks
 Psioty sectau sulonud uam Jack af
Cedit
No financial inculsian
Lack'al s0Gal wellau!
Prior
to Regian al mbalance
Nationalizathon Cedi# in Agxi 207.
Sloa daun un guauth alacted a99ugrte
demand as þublic nvestmen+ sullonod
pui vate monoboly
Need to mobilize saving
lqual distibution

Second Phase 1980

fist þha se 969
L 20Bank
|4 BankS weHe natanilsed
Check on cHeation o
Cedit Cand
Andustial monoboly cHedit to
&rbost þsomoti on
puioi ty
&onomic qxOuth. Secto!
Check on black Adiantage of
money Nationaliyatiap Reducion fn
gegional
Collectionof imbalance
saving Paomote
Small scole
 Snadequa te LoapenhoNMOnce
facility Favowtism

Pol iHical Disadvan tage

Intex<oxance fnancia) cinis

Non ehOumng Asset :- 4f nad þuovids ntesest sncome

Classilicaisn
tunction Obneyship Schedulo
Certaal Bonk >Pabiic Bonk L Schedulo Bonk
’CoMpemcial Bonk
’ Coopefive Bonk Paivate Non- Schedulo
Ban k Bank
> Shecialized Bank
bloweign
Bonk Bank

1949
1935
Milton Young Commitee Nationaliz
Fn ctton
Mbnotauy authowity
RegulatoH ot qinoncialsottsyotem
> Lende of Last 9e
Manago of foex
Banke Gove Anment
 Banking Regulation Rct 1949
> Regulation a, Banking Combonies.
Mointain inanial Stability
togelgn exchange Manggament Act I939
Hegu late faaign tsxonsa cthan aign
Aegulate cabital n.flow
2nd Schedul e -’ Whose bonk name H
RBI Act 1984 us Sche dule bank
tar loan ndon ban kote
Beniit ca Schedule Bonk
b Acouine membenshib of deaxing
hause
Schedule Bonk Non- Schedule Bonk
Paid ub cabi tal - 5la Ph not| donot Comply R0T Ales d
haum intevest at debosito do nat undon cate gouy a
scheduo band
Listed second schedulo not listed un secon d Schedulo
CRR maintained by RBI CRR ma tained by them
Alow to b090 tou legula Not allowed to bao wfo
banking þuwþose. HeJulas bankíng purbose
Retun subted beiodially Retun not sub mitted
besioaically
Public Secto Bonk
gova gent fo financial puxbos e
Owned by goy>
ex SBI
Paivate Sectou Bank
Ouned bu Pauivote entities
by þait motves ex- ICIC T.
L oheate aith

foweign Banks
caurtiies d buach in sndg
Readquautes in foeign
Catey uetail Csbolate CUs tome
8x tibonk , HSBc
Regional osval Bank
centa gov, state gov o sponsag banb.
L ooned by
focus On douelabmunt o
a somi wnban aNa

Bon
Ex - Keyela Ganin Bank