Bombay HC Conducts Emergency Hearing from CJ’s Residence as Court Staff Deployed for Elections || Madras HC: Preventive Detention Laws are Draconian, Cannot be Used to Curb Dissent or Settle Politics || HP HC: Mere Interest in a Project Cannot Justify Impleading a Non-Signatory in Arbitration || J&K&L HC: Women Accused in Non-Bailable Offences Form a Distinct Class Beyond Sec 437 CrPC Rigour || Bombay HC Restores IMAX’s Enforcement of Foreign Awards Against E-City, Applying Res Judicata || Supreme Court Upholds Cancellation of Bail For Man Accused of Assault Causing Miscarriage || J&K&L High Court Invalidates Residence-Based Reservation, Citing Violation of Article 16 || Kerala HC Denies Parole to Life Convict in TP Chandrasekharan Murder Case For Cousin's Funeral || High Court Grants Bail to J&K Bank Manager in Multi-Crore Loan Fraud Case, Emphasizing Bail As Rule || J&K HC: Civil Remedy Alone Cannot Be Used To Quash Criminal Proceedings in Enso Tower Case

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 :