SC: Daily-Wage Status Cannot Deny Annual Increment After Regularisation || SC: Exam Marks Cannot Substitute Mandatory Qualification under Recruitment Rules || SC: Converting Civil Disputes Into Criminal Cases is a Widespread Practice || Kerala High Court Sets Aside KAAPA Preventive Detention Order Against BJP Councillor R Suguthan || Bombay High Court Punishes Two Lawyers for Contempt over Threats to Trial Judge || MP HC Plea Challenges Municipal Law Over Simhastha Kumbh Road Widening and Compensation || Calcutta High Court Orders DNA Tests to Ascertain Biological Identity in Alleged Baby-Swap Case || Bombay HC Confiscates Man's Phone for Filming Proceedings, Levies Rs. 10,000 Costs || Bombay HC: Accused Must Be Produced Before Court on Plea to Extend Investigation Period || Delhi High Court Directs Criminal Complaint Against Six CBI Officers for False Statement in Court

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 :