Supreme Court: Borrowers Retain Redemption Rights if Balance is Paid After Auction Deadline || Supreme Court: Non-Confirmation of Seizure under Section 37A Impacts Adjudication Proceedings || SC: Blacklisting After Contract Termination is Not Automatic and Needs Independent Review || Grand Venice Fraud Case: Supreme Court Cancels Bail of Satinder Singh Bhasin || SC: Senior Employee Cannot Claim Same Lesser Penalty As Subordinate; Bank Manager's Dismissal Upheld || Madras HC: Governor Must Follow Cabinet's Advice on Remission Decisions, Regardless of Personal View || Kerala High Court: Entrepreneurs Must Be Protected From Baseless Protests to Boost Industrial Growth || J&K&L High Court: Second FIR Valid if it Reveals a Broader Conspiracy; 'Test of Sameness' is Key || Supreme Court: Expecting a Minor to Respond to a Public Court Notice is ‘Perverse’ || SC: Order 23 Rule 1 CPC Applies to S. 11 Arbitration Act, Barring Fresh Arbiration After Abandonment

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 :