The RBI notified that District Central Co-operative Banks are allowed to close their unremunerative branches without prior permission of the central bank & should give _______ notice in advance to all existing depositors/ clients of the branch through press releases in local leading newspapers.
The RBI notified that District Central Co-operative Banks are allowed to close their un-remunerative branches without prior permission of the central bank, though a nod will be needed from the Registrar of Cooperative Societies of the respective state. The bank should give two months notice in advance to all existing depositors/ clients of the branch through press release in local leading newspapers as well as communicate to each constituent of the branch, well in advance of the closure of the branch. Also, the District Central Co-operative Bank (DCCB) should return the original licence/s issued for the closed branch to the Regional Office concerned of the Reserve Bank. However, DCCBs will not be allowed to close branches if restrictions have been imposed on the bank by the RBI.
Which of the following statements are not correct:
1. Project Design and network analysis refers to detailed work plan to the project and i...
RBI’s Financial Literacy Week Program is going to be held from _______.
________ has signed an agreement with McPhy, for building a “gigawatt (Gw) scale” manufacturing facility for electrolysers and tapping into the gree...
What does the acronym SIFTI stand for in the context of infrastructure project financing?
Where is the headquarter of SIDBI located?
Interim Dividend can be paid out of which of the following?
According to the QS World University Rankings by Subject 2023, which university has entered the list of top 50 institutions for engineering?
SBI has an account with Citi Bank in USA. If Bank of Baroda wants to use this account for a transaction, it is known as _______
Consider the following statements.
1) The IFSCA Act empowers the IFSCA to make regulations for the development of financial services...
India and Russia are increasingly opting to route goods operations through third countries such as the United Arab Emirates (UAE).What is the advantage ...