WILFUL DEFAULTER MASTER CIRCULAR DBR.No.CID.BC.22/20.16.003/2015-16 DATED 1-7-2015, Please refer to the Master Circular no. DBR.No.CID.BC.57/20.16.003/2014-15 dated July 1, 2014 consolidating instructions/guidelines issued to banks/FIs till June 30, 2014 and updated as on January 7, 2015 on matters related to wilful defaulters. 2. This Master Circular consolidates instructions on the above matters up to June 30,… Read More »
CASH RESERVE RATIO (CRR) AND STATUTORY LIQUIDITY RATIO (SLR) MASTER CIRCULAR DBR.No.RET.BC.24/12.01.001/2015-16, DATED 1-7-2015 Please refer to the Master Circular RBI/2014-15/91 DBOD.No.Ret.BC.11/12.01.001/2014-15 dated July 01, 2014 updating instructions/guidelines issued to the Scheduled Commercial Banks (SCBs) on CRR/SLR till June 30, 2014. This Master Circular consolidates instructions on the above matters issued up to June 30,… Read More »
EXEMPTIONS FROM THE PROVISIONS OF RBI ACT, 1934 MASTER CIRCULAR DNBR (PD) CC.No.052/03.10.119/2015-16, DATED 1-7-2015 As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars/notifications. The instructions related to the captioned subject contained in various circulars issued by RBI updated… Read More »
FAIR PRACTICES CODE MASTER CIRCULAR DNBR (PD) CC.No.054/03.10.119/2015-16, DATED 1-7-2015 As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars/notifications. The instructions related to the captioned subject contained in various circulars issued by RBI updated as on June 30, 2015… Read More »
FRAUDS – FUTURE APPROACH TOWARDS MONITORING OF FRAUD IN NBFC MASTER CIRCULAR DNBR (PD) CC. No.058/03.10.119/2015-16, DATED 1-7-2015 As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars/notifications. The instructions related to the captioned subject contained in various circulars issued… Read More »
GUIDELINES FOR PERMITTING USE OF MAKE IN INDIA LOGO PRESS RELEASE F.NO.5(46)/2014-BE-III, DATED 21-7-2015 1. The Department of Industrial Policy & Promotion (DIPP), Government of India has launched extensive international & domestic media campaigns under the Make in India initiative. The “Make in India” Logo and other related proprietary material are valuable assets of DIPP.… Read More »
OBTAINING ANNUITY OPTIONS FROM POLICY HOLDERS CIRCULAR NO.IRDA/LIFE/CIR/MISC/140/8/2015, DATED 3-8-2015 It is noticed by the Authority that the Life Insurers are obtaining Annuity Options from the Policy holders prior to vesting date in the case of deferred annuity plans and due to non-receipt of Annuity Option from the concerned policyholders before the vesting date, it… Read More »
Question : Whether in case of dishonour of cheque , person issuing the cheque can claim that the debt or other liability should be in existence on the date of issuance of the cheque before punishing him with imprisonment or fine as per the provisions of Section 138 of the Negotiable Instruments Act, 1881 ? Neither the main… Read More »
bank branch shifting , merger and closure at the discretion of the Bank RELAXATIONS IN BRANCH BRANCH AUTHORISATION POLICY CIRCULAR DBR.NO.BAPD.BC.34/22.01.001/2015-16, DATED 6-8-2015 Please refer to circulars DBOD.No.BAPD.BC.54 and 60/22.01.001/2013-14 dated September 19, 2013 and October 21, 2013 respectively on the above… Read More »