Tag Archives: banking

RBI Sets Out Conditions for Scheduled UCBs to Undertake Repo Transactions in Corporate Bonds

By Ushasi Das, Associate The Reserve Bank of India, in its Second Quarter Review of Monetary Policy 2012-13, had announced the inclusion of scheduled urban cooperative banks (“UCBs”) with strong financials and sound risk management practices as eligible participants to … Continue reading

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RBI Issues New guidelines for Issuance of Debit Cards

By Abhishek Kisku, Associate Prior to the Second Quarter Review of the Monetary Policy 2012-13 by the Reserve Bank of India (“RBI”) which was announced on October 30, 2012, banks were not allowed to enter into any direct or indirect … Continue reading

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Standardization and Enhancement of Security Features in Cheque Forms-Migrating to CTS 2010 Standards Extended upto March 31, 2013

By Taralika Das, Associate The Reserve Bank of India (“RBI”) vide its circular DPSS.CO.CHD.No. 399/04.07.05/2012-13 dated September 3, 2012 had advised all banks to issue only multi-city/payable at par CTS-2010 standard cheques not later than September 30, 2012 and to … Continue reading

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