SC: Pre-2015 NH Act Awards Must Follow 1894 Act for Solatium and Interest || SC: Service Rendered Before Regularization Must Be Counted for Pension Benefits || SC: Rajpal Yadav gets Relief from Surrender in Cheque Bounce Case Subject to Rs. 5 Crore Deposit || Gauhati High Court: Local NGOs Cannot Lock Homes Over Alleged Liquor Law Violations || Madras High Court: Environmental, PCB Clearances Not Needed for Medical Essentiality Certificate || Tripura HC: Police Report Not Contemplated By Rules Alone Cannot Be Basis to Deny Premature Release || P&H HC: Senior Citizens Act cannot Remove Estranged Daughter-In-Law from Shared Home || P&H HC: Foreign Licence Alone Does Not Authorize Driving in India || Allahabad HC: Parental Concern Cannot Override Adult’s Choice of Life Partner || Calcutta HC: Defamation Injunction Requires Truth Defence to Be Clearly Unsustainable

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 :