List of RBI Purpose Codes for International Remittances The RBI has categorized purpose codes into two broad groups: payment purposes and receipt purposes. An updated and comprehensive list of RBI purpose codes with detailed explanations is published on the official RBI website: Annexure II RBI Purpo...
000.00 Pounds which is an equivalent to (4 CRORES, 76 LAKHS IN INDIA INR,) Your payment is categorized as: Lottery/Inheritance/ Undelivered fund pending with the Reserve Bank of India/ Since has been recently approved.
Under the existing mechanism of incurred loss provisioning, loan provisioning is based on the duration for which the account has remained in the NPA category. The RBI has suggested rolling out the additional provisions over a maximum of five years. ICRA expects some banks to increase external cap...
The observations in this report are categorized into areas for improvement, non-compliance, and compliance with the regulatory criteria related to information technology or information systems. The records function as an all-inclusive account of the company's compliance status with RBI NBFC. Report ...
RBI has imposed a penalty of Rs 1.25 lakh on Bhilai Nagarik Sahakari Bank Maryadit, Bhilai (Chhattisgarh). HSBCis a British multinational universal bank. Topic: Miscellaneous 2. Max Life Insurance Company (Max Life) and Indian Industries Association (IIA) have entered into a strategic partnership...