Merchant Banking ?>> A. Merchant banking is concerned with ipo and fpo for issuing shares in market company has to appoint a merchant banker who is responsible for all types approvals ,communications like from sebi, rbi etc and merchant banker have to fulfill all roc (registrar of companies ) filling also.....Money Laundering ?>> A. basically it means converting black money into white money by depositing it into bank........now what happens is the money earned by drug trafficking or by some other such kind of process are referred as black money ...........so money launderers deposit this amount in banks ............now there are chances that they may be caught by banks as amount involved is too much...........so they deposit money in small amounts and later on withdraw the same or they invest in some small investment schemes...... for getting rid of this KYC NORMS came into play ........ which means know your customer .......in this customer ahve to deposit their verification ids and some like details with banks............SEBI--SECURITIES AND EXCHANGE BOARD OF INDIA its functions ?>> A. SEBI is a capital market regulator means all the capital transactions are goverened by sebi---- its major functions are--- a---protecting the interest of investor in securities market b--promoting development of securities market c---regulating the securities market......IRDA---INSURANCE REGULATORY DEVELOPMENT AUTHORITY its functions ?>> A. IRDA is the regulatory authority of insurance business its functions are a--protectinginterest of policy holders b--specifing proper training,qualification etc to insurance people c--levying fees ,commision etc for conducting insurance business d--specifing the manner in which insurance company maintain their books of accounts e--specifing margin of solvency f--specifing general and life insurance business which company can takeShadow Banking ?>> A.shadow banking means those financial transactions which are not regulated ..... hence the risk involoved in these are very high..........shadow banking deals in money market instruments......and hence need money for early repayment .......... now what happens is they invest for long term .....and borrow for short term.......so this match creates problem coz of lack of liquidity...........and second thing as they are not regulated so they cant take help from any other organisation like for eg central banks.........the crisis which world faced during was coz of shadow banking also.
Posted on: Wed, 26 Mar 2014 22:35:55 +0000
Trending Topics
Recently Viewed Topics
© 2015