SC: Hindu Daughter-In-Law Widowed After Her Father-In-Law’s Death is Entitled to Maintenance || SC: Vendor Remains a Necessary Party in Specific Performance Suits Even After Transferring Property || Raj HC: Having Different Age Criteria For Contractual and Regular Appointments is Unconstitutional || Delhi HC: Registered Property Title Prevails over Claims Based on Oral Family Settlements || Gauhati HC: Only A Family Court Can Grant A Divorce under Muslim Law, Not A Civil Judge || Del HC: Courts Cannot Compel Lawyers to Disclose Sources of Documents Filed on Clients' Instructions || SC Explains When Shares Received After Company Amalgamation are Taxable as Business Income || SC: Excavators, Dumpers Etc Used Within Factories aren’t Motor Vehicles For Road Tax Purposes || SC: Complaints Alleging Fraud under Companies Act Can Be Filed Only By SFIO, Not By Private Parties || SC: Preventive Detention Cannot Override Bail and Requires Proof of a Threat to Public Order

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 :