This is in regard to Cheque number 001485 deposited in savings a/c 51115684312 (SBBJ Bank, Adarsh Nagar- Jaipur) on 30th March 2017 @ around 11a.m. (Amount INR 7382). Simultaneously, a cheque number 824533 was deposited in current a/c 201000723403 (Indusind Bank, Govind Marg- Jaipur) fr...
While it is designed to create a public online footprint of property ownership, it could expose citizens to consumer profiling risks. Banks and advertising firms could exploit this information. Additionally, concerns exist that “bad data” may persist in the system. Historical inaccuracies in land...
Four banks have so far opted for enhanced cover under Export Credit Insurance for banks (ECIB). The names of four banks are SBI, Central Bank of India (CBI), Bank of Maharashtra and Saraswat Bank. The benefit of the enhanced cover will be extended to the accounts with limits up to Rs...
Pendency has declined in FY24. The resolution of cases under the Insolvency & Bankruptcy Code (IBC) has increased to 270 in FY24 from 189 cases during the last financial year. The number of outputs exceeded the number of inputs for the first time in the previous year. ...
RBI Cyber Security Framework for Banks: The Reserve Bank of India has its own set of Cyber laws. It was a direct consequence of low entry barriers, constantly evolving nature, resourcefulness, ever-increasing velocity and scale of attacks. It is mandatory that all banks abide by the stringenc...
called Token Service Providers (TSPs), which are the banks selected for the Digital Rupee Pilot Program. The TSP will then distribute the tokens to interested parties/customers. The digital Rupee tokens will work in the same way as bank notes/coins, and you can use them in lieu of cash....
4.5 A number of banks adopt the practice of parking the dues of the borrower in respect of devolved LCs and invoked guarantees in a separate account which is not a regular sanctioned facility. As a result, these are not reflected in the principal operating account of the ...
RBI 2021 2022 161 FIDD MSME NFS BC No 16 06 02 31 2021 22 February 18 2022 The Chairman Managing Director Chief Executive Officer All Commercial Banks including
“The retail eRupee pilot began in December 2022 and there has been very little public announcement with respect to it. RBI Deputy Governor Rabi Sarkar reportedly spoke about it in a closed-door IBA meeting – and in June 2023, banks were asked to expand the scope of the pilot and leading...
The Reserve Bank of India has a number of departments, each of which have a very specific purpose. An entire list of departments can be found on the Reserve Bank of India's site. Some of the key departments within the Reserve Bank of India along with what that department does includes bu...