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Framework for accreditation of credit counsellors on Cards : RBI

BE/RBI/17/2016 In order to facilitate the MSME (Medium Small and Micro Entrepreneurs), in getting a hassle free credit, the Deputy Governor of RBI Mr. S S Mundra announced that a framework of accreditation of Credit Counsellors will be brought in place.  These Credit Counsellors will facilitate credit availability for small businessmen. SMSE are entrepreneurs who

Framework for accreditation of credit counsellors on Cards : RBI

BE/RBI/17/2016 In order to facilitate the MSME (Medium Small and Micro Entrepreneurs), in getting a hassle free credit, the Deputy Governor of RBI Mr. S S Mundra announced that a framework of accreditation of Credit Counsellors will be brought in place.  These Credit Counsellors will facilitate credit availability for small businessmen. SMSE are entrepreneurs who

Customer not liable if fraud due to bank’s negligence or third

BE/RBI/16/2016 Indeed it is a matter of high regret that cases of unauthorized electronic Banking Transactions are on the increase.  RBI has hence proposed that customer will have no or zero liability in case of fraud being committed because of bank’s negligence or third breach. However, RBI also adds that wherever there is Involvement of

Customer not liable if fraud due to bank’s negligence or third

BE/RBI/16/2016 Indeed it is a matter of high regret that cases of unauthorized electronic Banking Transactions are on the increase.  RBI has hence proposed that customer will have no or zero liability in case of fraud being committed because of bank’s negligence or third breach. However, RBI also adds that wherever there is Involvement of

RBI releases draft guidelines for customer liability in case of fraudulent transactions

BE/RBI/15/2016 RBI has clarified through its draft guidelines, that a customer will not be responsible for frauds occurred in any online transaction, from his/her account outside their control.  Any delay however, from the customer’s end in reporting the fraud within a period of 4 to 7 days about the fraud, would make the customer to

RBI releases draft guidelines for customer liability in case of fraudulent transactions

BE/RBI/15/2016 RBI has clarified through its draft guidelines, that a customer will not be responsible for frauds occurred in any online transaction, from his/her account outside their control.  Any delay however, from the customer’s end in reporting the fraud within a period of 4 to 7 days about the fraud, would make the customer to

RBI makes certification necessary for bank employees involved in specialised jobs

BE/RBI/13/2016 Specialized jobs in Banking relate to very sensitive desks and control the economy in a great way.  RBI has now come out with a latest notification that Bank Employees who work in the specialized areas viz Treasury, Risk Management, Accounting etc., will be required to undergo specialized training programs and thus get themselves certified

RBI makes certification necessary for bank employees involved in specialised jobs

BE/RBI/13/2016 Specialized jobs in Banking relate to very sensitive desks and control the economy in a great way.  RBI has now come out with a latest notification that Bank Employees who work in the specialized areas viz Treasury, Risk Management, Accounting etc., will be required to undergo specialized training programs and thus get themselves certified

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