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Govt Clarifications on Repayment of Outstanding Balance on Stocks and Loans

The outstanding balance of 9.00% loan 2013 and 9.81% Government Stock, 2013 are due for repayment on May 24, 2013 and May 30, 2013 respectively. No interest will accrue there on from the said dates. In the event of a holiday being declared on May 24, 2013 and/ or on May 30, 2013 by any State Government… Read More

Tags: Balance (accounting)BusinessLoanPaymentState Bank of IndiaStock CertificateStudent loan

Implementation of Direct Benefit Transfer Scheme

RBI/2012-13/498 RPCD.CO. LBS.BC.No. 75/02.01.001/2012-1 May 10, 2013 To CMDs of all SLBC Convenor banks and Lead banks Dear Sir, Direct Benefit Transfer (DBT) Scheme - Implementation Please refer to the paragraph 67 of the Monetary Policy Statement for 2013-14 announced on May 3, 2013. DBT is being rolled out in a phased manner with 43 districts taken… Read More

Tags: 1 July 2013AadhaarDBTDirect Benefit TransferImplementationSchemeUnique Identification Authority of India

Standardization and Enhancement of Security Features in Cheque Forms/Migrating to CTS 2010 standards

RBI/2012-13/444 DPSS.CO.CHD.No. 1622/04.07.05/2012-13 March 18, 2013 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/Local Area Banks Madam / Dear Sir Standardization and Enhancement of Security Features in Cheque Forms/Migrating to CTS 2010 standards A reference… Read More

Tags: 31 July 2013chequeCheque Truncation SystemCTSCTS 2010Indian Banks AssociationReserve Bank of India

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