Reserve bank of india new circulars -SC allows cryptocurrency trading, cancels RBI's circular. As per the notification available on - rbi. The additional measures are consistent with the global coordinated action committed to by the Basel Committee on Banking Supervision. In terms of the Regulatory Package, the lending institutions, i. Our master circular is to alert probe agencies and banks: RBI. The cyber crime cell of Thane police is probing a case of a forged circular after a complaint was filed by an acting deputy superintendent of state excise. RBI postpones monetary policy committee meet, new dates to be announced soon. The Centre has informed the Supreme Court that accounts becoming non-performing due to bank's or any other delay need not suffer the reserve bank of india new circulars of non-performing assets NPAs. Yes, Continue. Hear directly from leading legal experts this month. State Bank of India on Monday informed the high court that it questioned BS Company and its owner Rajesh Agarwal about discrepancies in the way he used loans, worth thousands of crores availed from it, obtained his replies and hence it need not give him another opportunity before declaring his bank account as a fraudulent one. If you would like to learn how Lexology can drive your content marketing strategy forward, please email enquiries lexology.
Reserve bank of india new circulars -The circular also forced banks to drag these companies to bankruptcy court if the defaults were not resolved in days. Relaxation: Accounts within the Resolution Period For those accounts which were in Implementation Period as on 1 March , RBI has provided an extension of 90 days from the date when the Implementation Period of days was to expire. The Centre has informed the Supreme Court that accounts becoming non-performing due to bank's or any other delay need not suffer the label of non-performing assets NPAs. In April , the RBI had issued a circular barring banking and financial services from dealing in virtual currency. Find out more. Relaxation: Accounts in the Review Period For accounts which are within the Review Period as on 1 March , the period between 1 March to 31 May Exclusion Period shall be excluded for the calculation of the review period of 30 days.
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