Income statement

Clarifications Regarding the Service Tax Voluntary Compliance Encouragement Scheme (VCES)

The Union Finance Minister Shri P. Chidambaram recently held interactive sessions at Chennai, Delhi and Mumbai to ascertain and address the concerns of trade on any aspect of the Service Tax Voluntary Compliance Encouragement Scheme (VCES). During these interactive sessions, the trade had raised certain queries and also expressed some apprehensions. Most of these issues have already been clarified in the… Read More

Tags: ChennaiDelhiFinance ActIncome statementMumbaiP. ChidambaramTown and Country Planning Act 1990VCES

Analysis and Disclosure of Customer Complaints and Unreconciled Balances on Account of ATM Transactions

RBI/2013-14/269 RPCD.CO.RRB.BC.No.35/03.05.33/2013-14 September 17, 2013 The Chairmen All Regional Rural Banks Dear Sir/Madam, Analysis and Disclosure of Customer Complaints and Unreconciled Balances on Account of ATM Transactions The Committee on Procedures and Performance Audit on Public Services (CPPAPS) had recommended that banks should place a statement before their Boards analyzing the complaints received. CPPAPS had… Read More

Tags: ATMATM cardAutomated teller machineBanking Ombudsman SchemeBusinessComplaintfinanceIncome statement

RBI™s Technical Committee suggests Merger of Issue and Banking Departments Balance Sheet

The Reserve Bank of India placed on its website today, the report of the Technical Committee (Chairman: Shri Y. H. Malegam) set up to review the form of presentation of the Reserve Bank™s Balance Sheet and Profit & Loss Account. Some of the important recommendations made by the Technical Committee are: a) Form of Balance Sheet Merger of… Read More

Tags: AssetBalance sheetBusinessCentral bankFinancial servicesFinancial statementIncome statementReserve Bank of India

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