Category: RBI

RBI-Customers Limited Liability in Unauthorised Net Banking Transactions. After reporting unauthorised transaction to bank loss shall be borne by bank.

RBI-Customers Limited Liability in Unauthorised Net Banking Transactions. After reporting unauthorised transaction to bank loss shall be borne by bank. Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions Reserve Bank of India (RBI) has placed a Draft Circular on “Customer Protection – Limiting Liability of Customers …

Cheque dishonour-Cheque book non issue procedure relaxation. Even for four dishonours during FY for insufficient fund bank to determine their response.

Dishonour of cheques – Modification in procedure RBI/2016-17/33 DBR.No.Leg.BC.3/09.07.005/2016-17 August 04, 2016 All Scheduled Commercial Banks (Including RRBs) Dear Sir/ Madam, Dishonour of cheques – Modification in procedure Please refer to our circular DBOD.BC.Leg.No.113/09.12.001/2002-03 dated June 26, 2003 and paragraph 11.4 (i) of RPCD.CO.RRB.BC.No.100/03.05.33/2013-14 dated May 12, 2014 …

Implementation of Ind AS by All India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) for accounting periods beginning from April 1, 2018

Implementation of Indian Accounting Standards (Ind AS) Reserve Bank of India RBI/2016-17/34 RBI/2016-17/DBR.FID.No. 1/01.02.000/2016-17 August 04, 2016 All India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) Madam / Dear Sir, Implementation of Indian Accounting Standards (Ind AS) The Ministry of Corporate Affairs (MCA), Government of India has …

Website Sachet सचेत launched by RBI to curb Illegal Deposits Collections. Public can check if an entity is permitted to accept deposits or not.

RBI Governor launches Website ‘सचेत’ to curb Illegal Collection of Deposits Reserve Bank of India Dated: Aug 04, 2016 “Initiating quick follow up and taking cases to logical conclusion by punishing the guilty is paramount to deter entities in future from carrying out unlawful activity. I hope ‘Sachet’ …

Demat Account Holders of NSDL and CDSL allowed to put through trades in Government Securities on the NDS-OM platform through DP bank – RBI

Retail Participation by Demat Account Holders in the Government Securities Market: Access to NDS-OM Platform RESERVE BANK OF INDIA RBI/2016-17/30 Ref No. FMRD.DIRD.3/14.03.07/2016-17 July 28, 2016 To All eligible market participants Retail Participation by Demat Account Holders in the Government Securities Market: Access to NDS-OM Platform As announced in …

Soiled Mutilated Imperfect Currency Notes Exchange Procedure-RBI. Up to 20 pieces with maximum value of Rs.5000 exchanged over the counter free of charge

Reserve Bank of India Master Circular – Facility for Exchange of Notes and Coins RBI/2016-17/21 DCM (NE) No.G-1/08.07.18/2016-17 July 18, 2016 The Chairman and Managing Director / The Managing Director/ The Chief Executive Officer All Banks Madam / Dear Sir Master Circular – Facility for Exchange of Notes …