BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Industrial Credit and Investment Corporation of India (ICICI)
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Clearing Corporation of India Ltd (CCIL)
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Housing Development Finance Corporation (HDF
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Security and Exchange Board of India (SEBI)
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Detailed explanation-1: -LEIL LEI. Legal Entity Identifier India Limited (CIN-U74900MH2015PLC268921) – A Wholly Owned Subsidiary of The Clearing Corporation of India Ltd. acts as a Local Operating Unit (LOU) for issuing globally compatible Legal Entity Identifiers (LEIs) in India.
Detailed explanation-2: -CCIL, set up in April 2001, is a payment system authorized under the Payment and Settlement Systems Act, 2007 and Regulations thereunder by Reserve Bank of India (RBI). It provides clearing & settlement in OTC financial market products, mainly to the wholesale market players which are also regulated entities.
Detailed explanation-3: -Ans. The Legal Entity Identifier (LEI) is a 20-character alpha-numeric code used to uniquely identify parties to financial transactions worldwide. It has been implemented to improve the quality and accuracy of financial data reporting systems for better risk management.
Detailed explanation-4: -The Core Committee, appointed at the behest of Reserve Bank of India for setting up CCIL, identified six ‘core promoters’ for CCIL-State Bank of India, IDBI Bank Ltd. (formerly Industrial Development Bank of India), ICICI Bank Ltd, Life Insurance Corporation of India (LIC), Bank of Baroda and HDFC Bank Ltd.
Detailed explanation-5: -The Clearing Corporation of India Ltd. (CCIL) (CIN: U65990MH2001PLC131804) was set up in April, 2001 to provide guaranteed clearing and settlement functions for transactions in Money, G-Secs, Foreign Exchange and Derivative markets.