Follow Whatsapp Channel
The RBI circular notes that cooperative societies' use of banks violates Section 7 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies).
The currency ended the year with a sharp 3 per cent loss on significant foreign fund outflows and a strong greenback in global markets.
Up to two individuals can be nominated for lockers which are jointly operated.
Ankur Bhattacharjee and Syndrela Das won the U-19 boys and girls titles respectively.
The warning was sent to the official email address of newly appointed RBI Governor Sanjay Malhotra.
Will be at the helm of the apex bank for three years.
However, RBI revised the GDP growth projection for the current fiscal sharply downward to 6.6% from the earlier estimate of 7.2%.
Another key change proposed in the bill is the redefinition of 'substantial interest' for directorships, which could increase to Rs 2 crore, up from the current limit of Rs 5 lakh, a threshold that has been in place for nearly 60 years.
Das was delivering the keynote address at the launch of the Kochi International Foundation (KIF).
The letter also cites that a framework for credit related decisions has been included in regulatory instructions on compromise settlements and technical write-offs issued in June, 2023.
Results 1-10 of 124
