Supreme Court Explains that Comprehensive Motor Insurance Covers Occupants of a Vehicle || Supreme Court: Judgments Operate Retrospectively Unless Made Prospective || Supreme Court Clarifies Principles Governing Witness Recall under Order 18 Rule 17 of CPC || Gujarat High Court: Res Judicata Prevents Trustees from Reopening Trust Property Disputes || Allahabad HC: Trial Courts Cannot Examine Witnesses to Generate Fresh Evidence Before Cognizance || Rajasthan HC: Funds Collected From an Illegal Toll Plaza Must Be Used For Tree Plantation || Delhi HC: Minor’s Signature Alone Cannot Establish Consent for Pregnancy Termination || Karnataka HC Allows ECIR Challenge under Article 226, Rejects ED’s Immunity Claim || Allahabad High Court Upholds Transfer of a Dissolved Society's Assets to its Successor Company || P&H HC: Cheque Bounce Cases Remain Compoundable Even After Appellate Courts Uphold Conviction

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 :