Supreme Court Allows Cross-Examination on Brand Use Despite Written Statement Not Being on Record || Supreme Court: Enquiry Needed Before Dismissal for Suppressing Criminal Antecedents || Supreme Court: Trading While Holding Confidential Information Indicates Insider Trading || Supreme Court Explains Four-Step Test to Quash Criminal Cases Using Defence Material || Supreme Court Acquits Man in Minor Rape Case, Flags HC's Medical Evidence Lapse || Bombay HC: Minor’s Inability to Describe Sexual Act No Ground to Reject Her Testimony || Delhi HC: Wife’s Interim Maintenance Cannot be Based Solely on Husband’s Income || Calcutta HC: SLSA Cannot Adopt ‘Big Brother’ Approach Over Adult Victims’ Compensation || Allahabad HC: Further Investigation Permissible Even After Final Report is Accepted || Allahabad HC: Court-Directed Award Cannot be Challenged for Not Computing Market Value

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 :