They need Subsidiary General Ledger (SGL) accounts to fulfil their reserve requirements for government securities transactions but cannot simultaneously operate Constituent Subsidiary General Ledger ...

A bank cannot be both a primary member with an SGL account and a client with a CSGL account,” another source said. Differences between the RBI and the European Securities and Markets Authority over ...

Constituent Subsidiary General Ledger (CSGL) account, or Stock Certificate must be paid to the registered holder through a pay order that includes the necessary bank account details, or by direct ...

Also read: Patra re-appointed as RBI Deputy Governor for a year An NBFC is required to open a Constituent’s Subsidiary General Ledger (CSGL) account with a scheduled commercial bank, or the ...

There were gross irregularities in the bank and it gave incorrect information to the RBI showing SLR of ₹1.97 crore which was zero as per the CSGL (Constituent Subsidiary General Ledger).

The Purvanchal Cooperative Bank, based in Ghazipur, is one of 59 urban cooperative banks operating in various districts of the state under a license from the Reserve Bank of India. LUCKNOW The ...

Gift 5 articles to anyone you choose each month when you subscribe. ASX-listed transport company Kelsian Group is finally out with news of its US acquisition and associated equity raising, sending ...

Requests for stripping by Gilt Account Holders (GAH) will then be placed with the respective custodian maintaining the CSGL account, who in turn, will place the requests on behalf of its ...

RBI-RD is a platform that is aimed at encouraging retail investors into buying government securities. RBI had proposed the launch of such a platform in February 2021. Government of India Treasury ...

2. VFT of the government securities shall mean transfer of securities from one SGL/CSGL to another SGL/CSGL account, without corresponding payment leg in the books of RBI. i. Transfers on account of ...

Accounts and Constituents’ Subsidiary General Ledger (CSGL) Accounts dated September 22, 2021. These Guidelines have been issued in supersession to earlier Guidelines dated October 29, 2018.

The only way out for the investors to sell these bonds is to transfer them to a constituent subsidiary general ledger (CSGL) account and then sell it. Most investors do not understand how CSGL ...