Tag: rbi circular
RBI forbids banks to make dividend payment for the financial year ended March 31 2020. In 2005, the Reserve Bank of India ( RBI ) reviewed the policy approach with regard to payment of dividends by bank shifting the regulatory focus from the ‘quantum of dividend’ to the …
Banks not to grant approval to any branch office, project office, liaison office to foreign Law firms for practicing in India The Hon’ble Supreme Court in 2018 held that advocates enrolled under the Advocates Act, 1961 alone are entitled to practice law in India and that foreign law …
RBI Guidelines for Compliance functions in banks and Role of Chief Compliance Officer (CCO) RBI in April 2017 had issued Guidelines for Compliance function in banks. The Guideline provided that each bank, will formulate a Compliance Function for their bank and it shall be the responsibility of bank’s …