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RBI caps bank CEO tenure at 15 years, policy to be effective Oct 1

RBI caps bank CEO tenure at 15 years, policy to be effective Oct 1
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Reserve bankDiscussion paperCommercial banksState bankLocal area banksPayments banksRegional rural banksஇருப்பு வங்கிகலந்துரையாடல் காகிதம்வணிகரீதியானது வங்கிகள்நிலை வங்கிஉள்ளூர் பரப்பளவு வங்கிகள்கொடுப்பனவுகள் வங்கிகள்பிராந்திய கிராமப்புற வங்கிகள்

All Bank Branches To Be Covered Under Under Cheque Truncation System By September, Says RBI

All Bank Branches To Be Covered Under Cheque Truncation System By September, Says RBI The Reserve Bank of India (RBI) (PUNIT PARANJPE/AFP/Getty Images) In a letter written to heads of the bank, the Chief General Manager (CGM) of the Reserve Bank of India, RBI, has asked them to implement image-based cheque truncation system (CTS) across all bank branches by September. This comes in accordance with the Statement on Development and Regulatory policy issued by RBI last month. Currently, 1,50,000 branches of all banks have implemented the CTS system since its inception in 2010. Till last September, all 1,219 pre-existing non-CTS clearing houses had successfully migrated to CTS system all over the country.

Statement on developmentNational payments corporation of indiaChief general managerReserve bankScheduled commercial banksUrban cooperative banksState cooperative banksDistrict central cooperative banksLocal area banksPayment banksSmall finance banksNational payments corporationReserve bank of indiaCheque truncation systemஅறிக்கை ஆன் வளர்ச்சிதேசிய கொடுப்பனவுகள் நிறுவனம் ஆஃப் இந்தியா

RBI to exempt banks exposure to foreign sovereigns from LEF

RBI to exempt banks exposure to foreign sovereigns from LEF
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Our bureauReserve bankSmall finance banksPayments banksLocal area banksRegional ruralஅவர் பணியகம்இருப்பு வங்கிசிறிய நிதி வங்கிகள்கொடுப்பனவுகள் வங்கிகள்உள்ளூர் பரப்பளவு வங்கிகள்பிராந்திய கிராமப்புற

Why DICGC Act Amendment Is Big News For Small Depositors

Why DICGC Act amendment is big news for small depositors The Indian banking system now has a much better safety net for depositors of failing banks compared to what they had till a year ago. February 04, 2021 / 07:29 AM IST The collapse of UCBs like Punjab and Maharashtra Cooperative Bank (PMC Bank) has added to the customers’ distrust. In the 2021 Union Budget, Union Finance Minister Nirmala Sitharaman proposed to amend the Deposit Insurance and Credit Guarantee Corporation Act (DICGC). This is aimed at enabling depositors of troubled banks to access their money through DICGC route even if banks are temporarily unable to meet the obligations. This announcement assumes significance, particularly for smaller depositors. Earlier, DICGC could be invoked only on liquidation of banks.

Nirmala sitharamanSanjay agarwalCredit guarantee corporation actMaharashtra cooperative bankUnion budgetUnion finance minister nirmala sitharamanDeposit insuranceGuarantee corporation actReserve bankYes bankWork ratingsCommercial banksLocal area banksCooperative banksசஞ்சய் அகர்வால்கடன் உத்தரவாதம் நிறுவனம் நாடகம்