MASTER CIRCULAR DBR NO.LEG.BC.21/09.07.006/2015-16 – CUSTOMER SERVICE IN BANKS CUSTOMER SERVICE IN BANKS MASTER CIRCULAR DBR NO.LEG.BC.21/09.07.006/2015-16, DATED 1-7-2015 Please refer to the Master Circular DBOD No.Leg.BC.21/09.07.006/2014-15 dated July 01, 2014 consolidating the important instructions issued by us in the area of customer service up to June 30, 2014. This Master Circular consolidates instructions on… Read More »
RBI Circular on Bank Finance to NBFC (NON-BANKING FINANCIAL COMPANIES ) MASTER CIRCULAR DBR.BP.BC.No.5/21.04.172/2015-16, DATED 1-7-2015 Please refer to our Master Circular DBOD.BP.BC.No.10/21.04.172/2014-15 dated July 1, 2014 on the captioned subject. This Master Circular consolidates instructions on the above matters issued up to June 30, 2015. Master Circular on Bank Finance to Non-Banking Financial Companies… Read More »
Recommendations of SIT on Black Money as Contained in the Third SIT Report Misuse of exemption on Long Term Capital gains tax for money laundering Misuse of Participatory notes for money laundering Shell Companies and beneficial ownership (Reference p. 73-76 of the Third SIT Report) Action under PMLA for Trade Based Money laundering Use of… Read More »
Gold Deposit Scheme (GDS): Salient Features Include-All Designated Banks can Operate GDS as per Guidelines The Central Government, with a view to bring privately held stock of gold in circulation, to reduce the country’s reliance on import of gold and to provide its owners with some income apart from freeing them from the problems of… Read More »