Dispensing of fake currency notes through Automated Teller Machines (ATMs) There have been media reports regarding dispensation of Rs 2000 notes resembling a genuine note but bearing the legend “Children Bank of India” in place of “Reserve Bank of India” from Delhi, Meerut (Uttar Pradesh), Sitamarhi (Bihar) and a few other places. State Bank of… Read More »
Small Finance and Payment Banks Reserve Bank of India (RBI) issued guidelines for licensing of small finance banks and payments banks on November 27, 2014 and granted in-principle approvals to 10 applicants to set up small finance banks and to 11 applicants to set up payments banks. The guidelines for small finance banks provide inter-alia… Read More »
Government to conduct field trial with plastic banknotes at five locations of the country; Approval for procurement of plastic substrate and printing of bank notes of Rs.10 denomination on plastic banknote substrates conveyed to RBI It has been decided to conduct a field trial with plastic banknotes at five locations of the country. Approval for… Read More »
Cybercrime audit on banks to check loopholes To address the issue of cyber resilience, RBI vide circular dated December 9, 2016 had instructed all authorised entities / banks issuing PPIs in the country to: (i) Carry out a special audit by the empanelled auditors of Indian Computer Emergency Response Team (CERT-In) on a priority basis… Read More »
IRDA Modifies Guidelines on Point of Sales Person: Non-Life & Health INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Parisharam Bhavan, 3rd Floor, Basheer Bagh, Hyderabad-500 004. India. Ph.: 91-040-2338 1100, Fax: 91-040-6682 3334 E-mail : irda@irda.gov.in Web.: www.irda.gov.in Ref: IRDA/INT/GDL/PSP/058/031 2017 16th March, 2017 To all General and Health Insurers Reference is drawn to Guidelines on… Read More »
New Delhi, Mar 16 Markets regulator Sebi today asked clearing corporations to post all the past regulatory orders as well as arbitration and appellate awards on their websites within 30 days, while fresh orders need to be uploaded immediately. The move is aimed at improving transparency, the Securities and Exchange Board of India (Sebi) said… Read More »
RBI/2016-17/251 IDMD.CDD.No. 2347/14.04.051/2016-17 March 16, 2017 The Chairman/CEO/ Managing Director, All Authorised Banks, (All Banks to which Banking Regulation Act, 1949 applies) Dear Sir/Madam, Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 – Clarification Please refer to our letter IDMD.No.1451/08.03.016/2016-17 dated December 16, 2016 and Notification No. S.O.4061(E) dated December 16, 2016 issued by the… Read More »
RBI/2016-17/250 DGBA.GAD.No. 2377/42.01.029/2016-17 March 16, 2017 All agency banks Dear Sir / Madam, Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2016-17) The Government of India has desired that all government transactions with banks must be accounted for within the same financial year… Read More »
Reporting and Accounting of Central Government Transactions of March 2017 RBI/2016-17/249 DGBA.GAD.No. 2376/42.01.029/2016-17 March 16, 2017 All Agency Banks Dear Sir / Madam, Reporting and Accounting of Central Government Transactions of March 2017 Please refer to Circular DGBA.GAD.No.2968/42.01.029/2015-16 dated March 17, 2016 advising the procedure to be followed for reporting and accounting of Central Government… Read More »
Announcement 15th March 2017 Invitation for contributions to Question Bank in respect of Information System Audit-(Assessment Test (ISA-AT)(New Syllabus) Information Systems Audit is a post qualification course meant for the members of the Institute. Members who are registered for the course are required to appear and pass ISA-Eligibility Test and those who qualify thereon are… Read More »