Hundi, a traditional informal system of money transfer, has played a significant role in facilitating financial transactions in various parts of the world for centuries.
Economy NOtes
Private Equity (PE) involves the sale of shares privately, not through an Initial Public Offering (IPO), to a firm. Key characteristics of private equity
State Development Loans (SDLs) are securities issued by State Governments in India to raise loans from the market.
The capital market in India encompasses the market for funds with a maturity of one year and above, commonly referred to as term funds
The Indian money market has undergone significant reforms over the years, driven by recommendations from expert committees
The Mumbai Interbank Offered Rate (MIBOR) serves as a critical benchmark for financial transactions within the Indian banking system
The London Interbank Offered Rate, commonly known as LIBOR, stands as one of the most significant benchmarks in the global financial landscape
The Discount and Finance House of India (DFHI), founded in March 1988 and operational since April 1988, serves as a money market institution.
the money market for short-term requirements (less than one year) and the capital market for longer durations (a year or more).
Macroprudential analysis emerged as a crucial tool employed by central banks worldwide to assess the overall health of the financial sector, particularly banks.