SC: Consumers Cannot Bear Power Plant Depreciation Costs When No Electricity Was Supplied || Supreme Court: Para-Teachers’ Regularisation Depends On Educational Standards Set By States || Bombay High Court: State Cannot Withhold Aid to Child Homes While Supporting Ladki Bahin Yojana || Delhi High Court: Husband Cannot Seek to Strike off Wife’s Defence over Unpaid Litigation Costs || Calcutta HC: Bank Accounts Cannot Be Frozen Solely on Complaints Filed Via MHA Cybercrime Portal || J&K&L HC: Unregistered Agreement to Sell Can be Considered For Assessing Possession at Interim Stage || Raj HC: Cybercrime Cases Can't be Quashed Only on Compromise as They Impact Society at Large || Gujarat High Court: Separate Compensation is Payable For Stillborn Child in Railway Accident Case || Delhi HC: Hymen Rupture is Not Required to Prove Penetrative Sexual Assault under the POCSO Act || Delhi HC: Organised Crime Groups Exploit Juveniles, Misuse Juvenile Justice Laws for Serious Crimes

Oversight of Government Business in Agency Banks- (Reserve Bank of India) (07 Apr 2016)

MANU/RMIC/0060/2016

Banking

The Reserve Bank of India put in place a new system of oversight of government business conducted with agency banks. The new enlarged review will now also cover government business at Head Offices of agency banks; review was previously limited to focal point branches and centralised pension processing centres. Existing practices of issuing reports at the end of the review will also be discontinued. The Bank will have intervallic interactions with senior executives of the banks dealing with government business.

Tags : GOVERNMENT BUSINESS AGENCY BANK INSPECTION

Share :