Eligibility, Applicability and all about Bonus Act, 1965
Let us see about various aspects of Bonus Act and its applicability in this article : Who is employee as per Bonus Act? Any person, not being an apprentice, working…
Stricter Guidelines for Opening of Current Accounts by Banks – Step towards curtailing Diversion of Funds
Issuing Authority: Reserve Bank of India. Notification Number: RBI/2020-21/20. Applicable to: Banking sector. Date of issue: 6th August 2020. Summary: The digital revolution occurring in financial services – with more…
Automation of Income Recognition, Asset Classification and Provisioning processes in banks
RBI/2020-21/37 Ref. No. DoS.CO.PPG./SEC.03/11.01.005/2020-21 September 14, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) and All Small Finance Banks Madam / Dear…
Long Form Audit Report (LFAR) – Review
RBI/2020-21/33 Ref.No.DOS.CO.PPG./SEC.01/11.01.005/2020-21 September 05, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All…
Resolution Framework for COVID-19-related Stress – Financial Parameters – RBI
RBI/2020-21/34 DOR.No.BP.BC/13/21.04.048/2020-21 September 7, 2020 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/District Central Co- operative Banks…
INFORMATION UTILITY
Preamble: Information Utility is a platform to submit information of a debtor by a creditor which acts a repository of information to substantiate the existence of debt. National E-Governance Services…