The circular related to changes to the rollout of Continuous Clearing and Settlement on Realisation (CCSR) in the Cheque Truncation […]
The notification define an ‘ineligible director’ as one not meeting criteria under Section 10-A(2) of the Banking Regulation Act. A
The key changes include omission of references to ‘subsidiary banks’ in rules and forms, and removal of certain sub-clauses in
The Lead Bank Responsibility for new district i.e Vav-Tharad in the state of Gujarat has been assigned to Bank of
The amendments replace paragraphs 44– 47, reiterating that all activities permitted to banks under Banking Regulation Act, must be undertaken
The amendment insert new paragraph 60A, which mandates that NBFCs forming part of a Scheduled Commercial Bank group must also
The amendments allow banks to act as agents of third-party product or service providers (TPPSPs) for regulated financial products, including
The amendment specify that banks can act as agents for regulated third-party products but cannot handle referral processes directly. It
The amended provisions specify that core banking functions and acceptance of time deposits must be undertaken departmentally, while mutual fund,
The Bank Rate has been revised downwards by 25 basis points from 5.75 per cent to 5.50 per cent. Accordingly,
