RBI Clarification on Unclaimed Scholarship deposits
RRBs - Unclaimed Deposits/Inoperative Accounts in Regional Rural Banks - Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes --------------------------------------- RBI/2013-14/312 RPCD.CO.RRB.BC.No.41/03.05.33/2013-14 October 4, 2013 The Chairmen Regional Rural Banks Dear Sir/Madam, Unclaimed Deposits/Inoperative Accounts in Regional Rural Banks - Treatment of certain… Read More
Tags: Bank, Bank account, CBS, Credit (finance), Current account, Direct Benefit Transfer, General manager, Regional Rural Bank
Unclaimed Deposits/Inoperative Accounts in UCBs – Treatment of certain Savings Bank Accounts opened for credit of Scholarship
RBI/2013-14/300 UBD.BPD.(PCB)CIR No. 23/13.01.000/2013-14 September 30, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Madam/Dear Sir, Unclaimed Deposits/Inoperative Accounts in UCBs - Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes Please refer to Circular No.UBD.BPD.(PCB)CIR.No.9/13.01.000/2013-14 dated September 1, 2008 on unclaimed deposits/ inoperative… Read More
Tags: Bank, Bank account, CBS, Current account, Direct Benefit Transfer, Printed circuit board, Urban, Urban area
RBI directive on Unclaimed Deposits/Inoperative Accounts in banks w.r.t. credit of Scholarships and DBT
RBI/2013-14/262 DBOD.No. Leg. BC. 53/09.07.005/2013-14 September 17, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Unclaimed Deposits/Inoperative Accounts in banks Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes Please refer to Circular DBOD. No. Leg.BC.34/09.07.005/2008-09 dated August 22, 2008 on unclaimed deposits/inoperative accounts wherein… Read More
Tags: Bank, Bank account, Business, CBS, Commercial bank, Direct Benefit Transfer, Financial services, Rajesh Verma
RBI Implementation of Core Banking Solution by UCBs
RBI/2013-14/249 UBD CO BPD PCB Cir No.14/09.18.300/2013-14 September 11, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, Implementation of Core Banking Solution (CBS) by Urban Co-operative Banks (UCBs) Please refer to our circular UBD BPD (PCB) Cir. No.42/09.18.300/2012-13 dated March 13, 2013 on the captioned subject advising UCBs to implement CBS… Read More
Tags: Bank, CBS, General manager, Printed circuit board, Reserve Bank of India, Universal Publishers (Australia), Urban, Urban area
MoF :: Expert committee on short term cooperative credit structure (STCCS) gives its recommendations
The Expert Committee, in its report submitted to the Reserve Bank of India (RBI), inter alia, noted that the share of Short Term Cooperative Credit Structure (STCCS) in providing agricultural credit has fallen to a mere 17% although there are small pockets where its share is more than 50%. The Expert Committee has, inter alia, given… Read More
Tags: Business, CBS, Government, NABARD, National Bank for Agriculture and Rural Development, rbi, Reserve Bank of India, Run batted in
Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges
RBI/2013-14/166 RPCD.RRB.BC.No.17/03.05.33/2013-14 July 31, 2013 All Regional Rural Banks Dear Sir/ Madam Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges Please refer to announcement made in Monetary Policy Statement 2013-14 on May 3, 2013 on ˜Recommendations of Damodaran Committee- Uniformity in Intersol Charges™. 2. With the introduction of Core Banking Solution (CBS),… Read More
Tags: Branch (banking), CBS, Core banking, Customer, Customer service, Discrimination, Monetary policy, Regional Rural Bank
Circular on Special Repo Window for Liquidity Requirement of Mutual Funds
RBI/2013-14/143 FMD.MOAG.No. 81/01.01.001/2013-14 July 17, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Special Repo Window for Liquidity Requirement of Mutual Funds As announced today, Reserve Bank of India will be opening a Special Repo window for a notified amount of Rs. 25,000 crore with a view to enabling banks to meet the liquidity… Read More
Tags: Bank, CBS, Commercial bank, Liquidity Adjustment Facility, Market liquidity, Mutual fund, Reserve Bank of India, Saturdays
Department of Food Launches Electronic Transfer of Funds
The Department of Food & Public Distribution has launched the system of electronic transfer of funds. Shri Sudhir Kumar, Secretary of the Department launched the system here today. On the occasion he said that the system would bring more efficiency in the financial working of the Department and would ensure quick and direct transfer of… Read More
Tags: CBS, Department of Food & Public Distribution, Financial services, Government of India, National Informatics Centre, Payment, Payment system, Reserve Bank of India
Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges
RBI/2013-14/110 DBOD. No. Dir. BC.26/13.03.00/2013-14 July 1, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges Please refer to paragraph 74 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 (extract enclosed) on ˜Recommendations of Damodaran Committee- Uniformity in… Read More
Tags: Bank, Bank charge, CBS, Commercial bank, Core banking, Monetary policy, Reserve Bank of India, Working Group
RBI asks all UCBs to Implement Core Banking Solutions in all branches by 31st Dec 2013
RBI/2011-12/437 UBD.BPD.(PCB). Cir.No. 42/09.18.300/2011-12 March 13, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Madam / Dear Sir, Implementation of Core Banking Solutions (CBS) by Urban Co-operative Banks (UCBs) The usage of Information Technology (IT) is critical for the survival and growth of banking institutions as IT usage not only helps banks… Read More
Tags: CBS, Core banking, Core Banking Systems, rbi, Urban Commercial Banks
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