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RBI Issues Operating Guidelines For Payment Banks And Small Finance Banks

RBI came out with operating guidelines for differentiated banks — payments banks and small finance banks — being set up to bring in new players who are now empowered to leverage on technology for financial inclusion in a cost effective way. RBI granted in-principle approvals to 11 entities for setting up payments banks (PBs) in

RBI Issues Operating Guidelines For Payment Banks And Small Finance Banks

RBI came out with operating guidelines for differentiated banks — payments banks and small finance banks — being set up to bring in new players who are now empowered to leverage on technology for financial inclusion in a cost effective way. RBI granted in-principle approvals to 11 entities for setting up payments banks (PBs) in

Allow mobile registration from any bank’s ATM: RBI

With cell phones becoming a crucial part of banking, the RBI has made it mandatory for banks to allow customers to register their mobile numbers through any ATM.  Banks have also been told not to insist that customers visit only their home branch to get their mobile numbers registered and to have this facility for

Allow mobile registration from any bank’s ATM: RBI

With cell phones becoming a crucial part of banking, the RBI has made it mandatory for banks to allow customers to register their mobile numbers through any ATM.  Banks have also been told not to insist that customers visit only their home branch to get their mobile numbers registered and to have this facility for

RBI ASKS BANKS TO REVISIT DOCUMENTATION FOR AGRI LOANS

BE/RBI/25/2016 With a view to increase the Farmers’ income to twice than what it is now, RBI has advised Banks to revisit their documentation for crop loans, simplify them wherever required and ensure to speedily sanction and disburse loans within the specified time limits. RBI also advised that the lead bank which acts as the

RBI ASKS BANKS TO REVISIT DOCUMENTATION FOR AGRI LOANS

BE/RBI/25/2016 With a view to increase the Farmers’ income to twice than what it is now, RBI has advised Banks to revisit their documentation for crop loans, simplify them wherever required and ensure to speedily sanction and disburse loans within the specified time limits. RBI also advised that the lead bank which acts as the

Refusal to accept ten rupee coins

BE/RBI/21/2016 RBI has made it clear that the coin was in circulation, saying people should not hesitate in using the TEN RUPEE coins for transactions. According to the availablereports people in UP have openly refused to accept ten rupee coins.  The district magistrate of PILIBHIT has warned of strict action, taking the note of messages

Refusal to accept ten rupee coins

BE/RBI/21/2016 RBI has made it clear that the coin was in circulation, saying people should not hesitate in using the TEN RUPEE coins for transactions. According to the availablereports people in UP have openly refused to accept ten rupee coins.  The district magistrate of PILIBHIT has warned of strict action, taking the note of messages

Associate banks to soon submit report on amalgamation to RBI

BE/RBI/24/2016 As part of the consolidation process within the SBI Group, its five associate banks including State Bank of Bikaner and Jaipur (SBBJ) will soon submit to the Reserve Bank the scheme of acquisition as ratified by shareholders. The board of the directors has considered the report of the expert committee set up to look

Associate banks to soon submit report on amalgamation to RBI

BE/RBI/24/2016 As part of the consolidation process within the SBI Group, its five associate banks including State Bank of Bikaner and Jaipur (SBBJ) will soon submit to the Reserve Bank the scheme of acquisition as ratified by shareholders. The board of the directors has considered the report of the expert committee set up to look