Madras High Court: Guidelines Issued to Eradicate Manual Scavenging || Ker. HC: Payment of Interest Can’t be Reviewed or Added While Enforcing Foreign Award || Del. HC: ED Cannot Invoke Section 50 of PMLA Against Citizens Who Aren’t Suspects || SC: Without Examining Lawfulness of 'Minutes of Order' Filed by Advocates, Orders Cannot be Passed || Meg. HC: POCSO Conviction Upheld, Accused and Victim had Lust and Infatuation || Del. HC: Police Protection Granted to Transgender Person for Filing Nominations for Lok Sabha Polls || Bom. HC: Bail Denied to Man Accused of Sexually Abusing a Child for Nine Years || SC: Appropriate Rites and Ceremonies Need to be Performed to Make a Hindu Marriage Valid || Del. HC: Litigation Related to Tenancy Unfortunately Takes More Than a Decade to Fructify || Jh. HC: Process of Constituting Transgender Welfare Board Must be Expedited

RBI relaxes LTD guidelines for co-operative banks- (Reserve Bank of India) (07 Jul 2016)

MANU/RMIC/0111/2016

Banking

The Reserve Bank of India relaxed guidelines for raising and redeeming Long Term (Subordinated Deposits by co-operative banks, replacing them instead with disclosure requirements.

Eligible co-operative banks may now raise LTDs without prior approval of the RBI, subject to Tier I capital; banks may also redeem LTDs on maturity without seeking prior approval of the RBI.

Banks availing benefit of the relaxations will have to make additional disclosures to investors, clarifying the features and risks of the debt instrument.

Relevant : Circular on LTDs MANU/RMIC/0003/2014

Tags : LONG TERM DEPOSIT COOPERATIVE BANK DISCLOSURE

Share :