Due to the extremely slow service of SBBJ Bank [A/c no. 51115684312] the cheque clearance was delayed at the bank’s end until 1st April 2017 and thereby, the cheque deposited as transfer from SBBJ (savings) to INDUSIND Bank (Current) had bounced and could not be cleared. Due to this...
Ten SFBs started operations in the 2016-2017. In 2021, Shivalik Mercantile Co-operative Bank became a SFB. In 2021, Unity SFB was given a license. SFBs were set up for offering credit to micro and small enterprises, agriculture and providing banking services in unbanked and under-banked reg...
When total numbers from 2014 are considered, Maharashtra tops the list with 36 licenses lost by cooperative banks. Karnataka (8 banks) and Uttar Pradesh (14 banks) follow Maharashtra. Since 2014, not a single State Cooperative Bank (StCB) or District Central Cooperative Bank (DCCB) has been ...
微信扫码,长期有效微信扫码,行研无忧免责申明:1.本内容非原报告内容;2.报告来源互联网公开数据;如侵权请联系客服微信,第一时间清理;3.报告仅限社群个人学习,如需它用请联系版权方;4.如有其他疑问请联系微信MonetaryPolicyReportOCTOBER2023ReserveBankofIndiaMumbaiPublishedunderSection45ZMoftheReserveBankofIndiaAct,...
financial stability of the country and the officers are responsible for the smooth functioning. The officers are entitled to enhance the confidence of the public in the financial system of the country and make them use the cost-effective and new technology services provided by the bank to its ...
RBI MPC likely to maintain status quo, all eyes on repo rate IANS February 23, 202412:08 am Mumbai, Feb 22:The Reserve Bank of India (RBI) on Thursday issued a notification to all the banks, stating that the government has allowed the extension of the Interest Equalisation Sche...
A valid Full Fledged Money Changer License, also known as a Foreign Exchange License, is a license granted by the Reserve Bank of India (RBI). The FFMC license authorizes the holders to deal in money-changing and foreign exchange business. The object of acquiring the Full Fledged Money Change...
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 stringencies put forth by the central bank to ...
The ruling examined whether the retained interest could be classified as fees for professional or technical services under Section 194J. The ITAT noted that while the NBFC had a service agreement with the bank, wherein it was responsible for managing and collecting payments, the agreed-upon servic...
The Reserve Bank of India (RBI) is thecentral bankof India, which began operations on Apr. 1, 1935, under the Reserve Bank of India Act. The Reserve Bank of India usesmonetary policyto create financial stability in India, and it is charged with regulating the country’s currency and credi...