18 September 2017

Search Results for Tag : Banks

Notifications & Circulars

Mandatory Requirement of AADHAR for Individuals Availing Facilities under Specified Schemes through Banks or Financial Institutions(01.03.2017)

Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes, bring.....

Tags : Aadhar, Mandatory, Scheme, Banks


Conduct of Government Business by Agency Banks - Payment of Agency Commission(13.08.2015)

The Reserve Bank of India issued a clarification on activities that do not come under the purview of agency bank business and are not eligible for pa.....

Tags : agency commission, government business, banks


RBI grants "in-principle" approval to 11 Applicants for Payments Banks(19.08.2015)

The Reserve Bank of India granted "in-principle" approval to 11 applicants to set up payments banks under the Guidelines for Licensing of Payments Ban.....

Tags : Rbi, payments banks, approved, guidelines


General guidelines for implementation of e-payment of excise refund and rebate(12.01.2016)

The Central Board of Excise and Customs has prescribed procedure for e-payment of refund and rebate. The procedure is hoped to speed transfer of funds.....

Tags : Excise, e-payment, refund, rebate, authorised banks


Composition and Ownership of Deposits with Scheduled Commercial Banks(11.01.2016)

The Reserve Bank of India released data related to the composition and ownership pattern of deposits with scheduled commercial banks as of March 31, 2.....

Tags : Scheduled banks, deposits, march 2015


Timeframe for implementation of Ind AS for scheduled commercial banks(11.02.2016)

The Reserve Bank of India notified scheduled commercial banks are required to comply with Indian Accounting Standards (Ind AS) for accounting periods .....

Tags : Indian accounting standards, commercial banks, implementation


Incognito visits to check banks’ customer service(16.02.2016)

The Reserve Bank of India is set to undertake incognito visits to bank branches to check the culture towards customer complaints in banks. It will als.....

Tags : Banks, Customer complaints, culture, charter


Pay IT dues in advance at RBI or authorised bank branches(15.02.2016)

The Reserve Bank of India has authorized twenty nine agency banks to accept payments of income tax. The move hopes to reduce the heavy rush for remitt.....

Tags : Income tax, payment, agency banks, march


RBI to assist cooperative banks in uptake of Core Banking(13.04.2016)

To ensure implementation of Core Banking System in Urban Cooperative Banks, the Reserve Bank of India will dole out Rs. 4 lakh to each to cover initia.....

Tags : Cooperative banks, core banking


Export Data Processing and Monitoring System expanded(26.05.2016)

The Export Data Processing and Monitoring System has been expanded with modules that will now include information on handling of shipping bills for ca.....

Tags : edpms, exporters, caution, monitoring, banks


RBI releases Guidelines for 'on tap' Licensing of Universal Banks in the Private Sector(01.08.2016)

The Reserve Bank of India released on its website, "Guidelines for 'on tap' Licensing of Universal Banks in the Private Sector". Key aspects of the Gu.....

Tags : Universal Banks, Licensing, Guidelines


Provisioning pertaining to Fraud Accounts(18.04.2016)

Reserve Bank of India notified amendments to provisions in respect of Fraud Accounts. Banks making good amounts upon detection of fraud can adjust fin.....

Tags : fraud accounts, banks, adjustment, profit and loss


Banks must offer Wealth Management Services through subsidiary(21.04.2016)

The Reserve Bank of India clarified that banks cannot provide Investment Advisory Services (better known as ‘Wealth Management Services’) to its custo.....

Tags : investment advisors, banks, separation


Reserve Bank of India (Amalgamation of Private Sector Banks) Directions, 2016(21.04.2016)

The Reserve Bank of India notified Master Directions regarding amalgamation of two banking companies or of a banking company and an NBFC. For both, am.....

Tags : amalgamation, private banks, nbfc


IT dues payable in advance at authorised bank branches(16.05.2016)

Advance income tax can be paid at authorised banks instead of just with the Reserve Bank of India. Of the 29 banks authorised to acceptance tax remitt.....

Tags : Income tax, advance, authorised banks


Implementation of Indian Accounting Standards(23.06.2016)

RBI asked banks to submit Proforma Ind AS (Indian Accounting Standards) Financial Statements for half year ending 30 September 2016 by 30 November 201.....

Tags : ind as, banks, financial statements


System for reporting banks’ associations discontinued(30.06.2016)

The Reserve Bank of India discontinued the Quarterly Reporting System - foreign branches/subsidiaries/joint ventures/associates of Indian Banks , with.....

Tags : quarterly reporting system, foreign branches, associations, indian banks


RBI releases Primary (Urban) Co-operative Banks' Outlook 2015-2016(29.12.2016)

The Reserve Bank of India today released the third volume of the annual publication titled 'Primary (Urban) Co-operative Banks' Outlook 2015-16'. The .....

Tags : Co-operative Banks, Urban, Publication, Release


Synchronising financial accounting year with calendar year(19.07.2016)

Union Minister of Finance, Aurn Jaitley, stated that a Committee to examine the desirability and feasibility of changing the financial year has been c.....

Tags : financial year, calendar year, nationalised banks, merger


Cabinet approves Interest Subvention to banks on Short-Term crop loan to farmers(14.06.2017)

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Interest Subvention Scheme (ISS) for farmers for the year 2017-18......

Tags : Approval, Interest Subvention, Banks


Cabinet gives in-principle approval for Public Sector Banks to amalgamate through an Alternative Mechanism(23.08.2017)

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given in-principle approval for Public Sector Banks to amalgamate through an Al.....

Tags : Approval, Banks, Amalgamation, Alternative Mechanism


Cabinet approves acquisition of subsidiary banks of State Bank of India(15.02.2017)

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the acquisition by the State Bank of India of its subsidiary banks na.....

Tags : Acquisition, Subsidiary banks, Approval