WebApr 13, 2024 · In 2024, the Supreme Court directed the RBI to issue “comprehensive directions mandating the steps to be taken by banks with respect to locker facility/safe deposit facility management”. The Supreme Court felt that the previous regulatory framework issued by the RBI on this subject was “inadequate and muddled”. WebMar 19, 2024 · However, the power to issue banking licenses and regulate, supervise and develop banking functions of UCBs are vested with the RBI by virtue of the Banking …
Functions of RBI - ClearIAS
WebApr 10, 2024 · Updated On Apr 10, 2024 at 03:34 PM IST. The Reserve Bank of India ( RBI) on Monday has released a set of guidelines for the outsourcing of Information Technology services by banks, NBFCs, and other financial institutions. It has categorically mentioned setting up of a comprehensive Board approved IT outsourcing policy by the Regulated … Web975 Likes, 38 Comments - Finventure (@finventure.in) on Instagram: "Spurt in NPAs and consequent provisioning has led to Yes Bank breaching the capital adequacy requ..." Finventure on Instagram: "Spurt in NPAs and consequent provisioning has led to Yes Bank breaching the capital adequacy requirements as mandated by the Reserve Bank of India. franz and associates
Banking regulation in India: overview Practical Law
Web1 day ago · The Reserve Bank of India's (RBI) proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh … WebSep 10, 2024 · In banking companies, each share has a corresponding vote. But in the case of co-operative banks, each shareholder has only one vote irrespective of the number of shares held. Despite RBI being the regulator of the banking sector, the regulation of co-operative banks by RBI was restricted to functions related directly to banking. Web1 day ago · Reserve Bank of India (RBI) issued preliminary regulations proposing to prohibit the capitalisation of penal charges and additional interest levied by banks on customers … franz all quiet on the western front