WebApr 11, 2024 · Notably, deposits up to Rs 5 lakh in all scheduled banks, which includes small finance banks, are covered under the Depositor Insurance Program of DICGC, an RBI subsidiary. This insurance program covers each depositor of each scheduled bank for cumulative deposits (including fixed, current, savings and recurring deposits) of up to Rs … Web2 days ago · The Reserve Bank of India (RBI) has released a set of guidelines for banks and other financial institutions to accept green deposits. According to the central bank, funds earned through green ...
RBI regulates outsourcing of IT Services by financial entities
WebApr 11, 2024 · Business / PTI / Apr 11, 2024, 19:08 IST. MUMBAI: Reserve Bank of India on Tuesday issued detailed guidelines for acceptance of 'green deposits' by banks and NBFCs wherein the funds could be used for financing activities like renewable energy, green transport and green buildings. Climate change has been recognised as one of the most … WebDiscretion to disallow foreclosure of large value Term Deposits opened on or after 07.10.2015 : Bank may at its discretion disallow withdrawal of large value Rupee Term … nothing is outside the text quote
22 NBFCs Surrender Registration Certificates; RBI Cancels …
WebApr 11, 2024 · Listen to This Article. The Reserve Bank of India (RBI) on Tuesday announced a framework for accepting ‘green deposits’ by banks and deposit-taking non-banking finance companies (NBFCs). The central bank has identified nine sectors in which the proceeds from these green bonds must be used. They include renewable energy and green transport. WebApr 13, 2024 · Accordingly, the RBI in the year 2024 had in its Statement on Developmental and Regulatory Policies proposed to issue draft directions on outsourcing of IT services … WebApr 11, 2024 · RBI said REs can accept green deposits as cumulative/non-cumulative deposits in its Framework for acceptance of Green Deposits by REs. The Reserve Bank of … how to set up mychart ynhh