SC: Oraon Tribe Custom Doesn't Allow Uncle-In-Law to Adopt Niece's Husband as Ghar Damad || Kerala HC Approves New Public Prosecutor Appointment Guidelines After a Minor Revision || Rajasthan HC Clarifies Criminal Writ Petitions Have No Separate Constitutional Status || Delhi HC Clarifies if Whatsapp Acknowledgment Can Make an Arbitral Award Binding || Allahabad HC: Limitation Cannot be Extended Through Belated Representations or Letters || Madras HC: Private Schools Fall Outside RTI but Must Disclose Fee Structure || Bombay HC Orders Removal of AI-Made Deepfakes and Morphed Images of Preity Zinta || P&H HC: BNSS Pre-Cognizance Hearing Doesn't Apply to Serious Fraud Investigation Office Cases || Madras HC: Election Plea Becomes Infructuous After Assembly Term Ends, Barring Corruption || Supreme Court: Banks Cannot Effectively Blacklist Lawyers by Placing Them on Caution Lists

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 :