XPayIndustry WIKIBack to home
XPAY KNOWLEDGE

Industry WIKI

Digital assets and currencies

Understand assets, networks and trading mechanics with sources you can check.

Payments & settlement

Angadia

Angadia is a traditional banking system that has been prevalent in the Indian subcontinent for centuries. Angadia refers to a trusted network of individuals who specialize in the secure transportation of valuable goods, including cash, jewelry, and important documents. It originated in the state of Gujarat. Angadia services facilitate trade and commerce in the region. In exchange for the

Finance

Fintech Association of Sri Lanka

FinTech Association of Sri Lanka (FASL) is an independent, not-for-profit organization representing the fintech community in Sri Lanka and fostering connections with the global fintech sector.

Trading basics

Forward Markets Commission

The Forward Markets Commission (FMC) was the regulatory body for the commodity market and futures market in India. It was under the Ministry of Finance, Government of India. In July 2014, it regulated Rs 17 trillion worth of commodity trades in India. It was headquartered in Mumbai. The Commission allowed commodity trading in 22 exchanges in India, of which 6 are national.

Banking

Gold repatriation

Gold repatriation is the process by which governments and central banks relocate sovereign gold reserves from foreign vaults back to domestic storage. Historically driven by bilateral trade reallocations or immediate security concerns, modern gold repatriation has evolved into an accelerating global trend. According to annual surveys by the World Gold Council, the proportion of central b

Finance

Investigation Division of the Central Board of Direct Taxes

The Investigation Division of the CBDT, abbreviated as Inv-CBDT, is the revenue enforcement agency of the Central Board of Direct Taxes, Government of India. It functions under the Department of Revenue in the Union Ministry of Finance and is concerned with the collection and administration of, as well as enforcement and prosecution of cases related to, the various direct taxes accruing

Trading basics

Multi Commodity Exchange

Multi Commodity Exchange of India Limited, also known as the Multi Commodity Exchange of India (MCX), is an Indian commodity exchange. It was established in 2003 and is currently based in Mumbai. It is India's largest commodity derivatives exchange. The average daily turnover of commodity futures contracts increased by 26% to ₹32,424 crore during FY2019-20, as against ₹25,648 crore in FY

Banking

State bank

In Australia and the United States, a state bank in a federated state is usually a financial institution that is chartered by the government of that state, as opposed to one regulated at the federal or national level.

Finance

Stock market crashes in India

Since the beginning of the Bombay stock exchange, stock markets in India, particularly the Bombay Stock Exchange and National Stock Exchange of India have seen a number of booms as well as crashes.