Every company needs to raise funds for various reasons such as repayment of debt, capital requirement, expansion etc. As the need for funds is universal, the Securities and Exchange Board of India, ...

The central bank governor Shaktikanta Das, while announcing the monetary policy decision today, has approved UPI (Unified Payment Interface) system for ASBA for secondary markets. Earlier in June 2022 ...

The Securities and Exchange Board of India (Sebi), the country’s primary regulator for securities markets, has long been committed to empowering investors. Since its inception in 1992, Sebi has ...

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced the “Bima Applications Supported by Blocked Amount (Bima-ASBA)” facility to streamline premium payments for insurance ...

Bima-ASBA is a UPI One-Time Mandate (OTM)-based mechanism that allows customers to block their premium amount until the policy is underwritten, much like the ASBA process used in stock market ...

The investors can apply in any public/ rights issues by using their bank account with the help of the ASBA facility. An investor can submit the ASBA form at any branch of the bank after filling in the ...

Stock exchanges should need to accept the ASBA applications in their electronic book building platform only with a mandatory confirmation on the application monies blocked, Sebi further said.(Photo: ...

Bajaj Allianz Life has become the first insurer to go live with the BIMA-Application Supported by Blocked Amount facility (Bima-ASBA). Bima-ASBA is the Insurance Regulatory and Development Authority ...