RBI Updates Banner
RBI EASES NORMS IN CHEQUE DISHONOUR CASES OF Rs. 1 CRORE AND ABOVE

BE/RBI/13/2016 – Issuing a cheque book, leading to return of the instrument, due to insufficient balance is a criminal offence as per RBI guidelines.  The current guideline reads that banks are not allowed to issue fresh cheque books in the event of cheque dishonor valuing Rs 1 crore and above on four occasions during a

RBI EASES NORMS IN CHEQUE DISHONOUR CASES OF Rs. 1 CRORE AND ABOVE

BE/RBI/13/2016 – Issuing a cheque book, leading to return of the instrument, due to insufficient balance is a criminal offence as per RBI guidelines.  The current guideline reads that banks are not allowed to issue fresh cheque books in the event of cheque dishonor valuing Rs 1 crore and above on four occasions during a

Sovereign Gold Bond Scheme 2016 -17 – Series I to open on July 18

BE/RBI/2/2016 – The Reserve Bank of India, on behalf of Government of India, has decided to issue fourth tranche of Sovereign Gold Bonds. Its salient features are as under: Applications for the bond will be accepted from July 18, 2016 to July 22, 2016. The Bonds will be issued on August 5, 2016. The Bonds

Sovereign Gold Bond Scheme 2016 -17 – Series I to open on July 18

BE/RBI/2/2016 – The Reserve Bank of India, on behalf of Government of India, has decided to issue fourth tranche of Sovereign Gold Bonds. Its salient features are as under: Applications for the bond will be accepted from July 18, 2016 to July 22, 2016. The Bonds will be issued on August 5, 2016. The Bonds

PRADHAN MANTRI SNEH BANDHAN YOJANA

In terms of Government guidelines, two schemes of Govt. of India were announced viz., i) Pradhan Mantri Suraksha Bima Yojana (PMSBY) and ii) Pradhan Mantri Jeewan Jyoti Bima Yojana (PMJJBY). These schemes will be available at all the times. (i) Gift for Composite insurance under PMSBY and PMJJBY:- For One time premium payment (Amount in

PRADHAN MANTRI SNEH BANDHAN YOJANA

In terms of Government guidelines, two schemes of Govt. of India were announced viz., i) Pradhan Mantri Suraksha Bima Yojana (PMSBY) and ii) Pradhan Mantri Jeewan Jyoti Bima Yojana (PMJJBY). These schemes will be available at all the times. (i) Gift for Composite insurance under PMSBY and PMJJBY:- For One time premium payment (Amount in

LATEST GUIDELINES ON MSME LOANS

Targets / sub-targets for lending to Micro, Small and Medium Enterprises (MSME) sector by Domestic Commercial Banks and Foreign Banks operating in India. 3.1) Advances to Micro, Small and Medium Enterprises (MSME) sector shall be reckoned in computing achievement under the overall Priority Sector target of 40 percent of Adjusted Net Bank Credit (ANBC) or

LATEST GUIDELINES ON MSME LOANS

Targets / sub-targets for lending to Micro, Small and Medium Enterprises (MSME) sector by Domestic Commercial Banks and Foreign Banks operating in India. 3.1) Advances to Micro, Small and Medium Enterprises (MSME) sector shall be reckoned in computing achievement under the overall Priority Sector target of 40 percent of Adjusted Net Bank Credit (ANBC) or

RBI Releases guidelines for On tap Bank Licence

BE/RBI/5/2016 – What is On Tap licence? On-tap licensing means that the window for getting a bank license from RBI is open throughout the year. Earlier, RBI used to invite applications for giving bank licenses, and prospective players submitted their applications within a fixed time-frame as prescribed by RBI. This arrangement was not open all

RBI Releases guidelines for On tap Bank Licence

BE/RBI/5/2016 – What is On Tap licence? On-tap licensing means that the window for getting a bank license from RBI is open throughout the year. Earlier, RBI used to invite applications for giving bank licenses, and prospective players submitted their applications within a fixed time-frame as prescribed by RBI. This arrangement was not open all