Bombay HC: National Security Justifies Denial of Police Clearance Certificate || Bombay HC: Comic Remarks Without Malicious Intent Not Religious Insult || J&K&L High Court: Scandalous Allegations Against Judicial Officers in Pleadings Impermissible || P&H HC: Writ Petition Against Private Trust's Contractual Employment Dismissed || Gujarat HC: Customary Divorce Entitles Daughter to Family Pension || Calcutta HC: ECI's Prerogative to Deploy Central Employees as Counting Supervisors Upheld || Calling the Situation Grim, the Supreme Court Takes Suo Motu Cognizance of Delays in NCLT Approvals || Supreme Court: Admission of a Claim by a Resolution Professional is Not Debt Acknowledgment || Supreme Court: Public Figures Must Exercise Caution as Their Words Have Consequences in Society || SC: State Must Act as a Model Employer, Criticising the Union For Not Regularising ISRO Workers

Settlement System under Asian Clearing Union- (Reserve Bank of India) (30 Jun 2016)

MANU/APDR/0043/2016

Banking

The Reserve Bank of India has temporarily suspended the Asian Clearing Union - Euro payment channel from 1 July 2016.

The move comes as the payment channel for processing ACU Euro transactions is reviewed. In the meantime, eligible transactions in Euro are permitted to be be settled outside the ACU mechanism.

Relevant : Settlement system under ACU Mechanism MANU/APDR/0128/2008

Tags : ACU EURO SETTLEMENT SYSTEM SUSPENDED

Share :