My applications to Reserve bank of India in 2017

My applications to Reserve bank of India in 2017

Application

Application No: 201701000037 Status: CLOSED

Submitted Date: 04-01-2017 16:01:41 Closed Date: 24-01-2017 12:57:22

Application Details

Office: Central Office Department: DEPARTMENT OF BANKING

REGULATION

Section: BANKING POLICY DIVISION

Application Under process With

Office: Central Office Department: DEPARTMENT OF BANKING

REGULATION

Section: LEGISLATION DIVISION

Subject: strengthening of the financial system to prevent its use for laundering proceeds of

criminal activi

Questionnaire:

1) Question: opening of no frills accounts by banks.

Answer: WE MUST ENSURE FUNDS SHOULD FLOW IN THESE ACCOUNTS

2) Question: Know Your Customer (KYC) guidelines to SCBs based on International Best Practices

Answer: THERE ARE SEVERAL MANUAL METHODS AVAILABLE RATHER COMPUTER

3) Question: implementation of anti-money laundering measures

Answer: WE NEED TO INCREASE PURCHASING POWER OF COMMON MAN.

Application Details TO PROMOTE CASHLESS TRANSACTIONS IN THE BANKS PLEASE INSTRUCT ALL

THE BANKS TO ATTACH ALL RECURRING DEPOSIT ACCOUNTS AND FIXED

DEPOSIT ACCOUNTS TO BANK ACCOUNT OF THE DEPOSITOR MAY BE OF

DIFFERENT BANK ALSO.THEREAFTER ONLY DEDUCTION SLIP IS NEEDED AND

NOT DEPOSIT SLIP WITH CASH TO CREDIT RD AND FIXED DEPOSIT ACCOUNTS.

Final Remarks

Disposal Remarks Action Completed and reply sent,

Application

Application No: 201703000132 Status: CLOSED

Submitted Date: 09-03-2017 10:39:08 Closed Date: 30-06-2017 17:52:13

Application Details

Office: Central Office Department: DEPARTMENT OF BANKING

REGULATION

Section: ADMINISTRATION

Application Under process With

Office: Central Office Department: DEPARTMENT OF BANKING

REGULATION

Section: DIRECTIVES DIVISION

Subject: para - banking activities / financial services by the banks in exploration of new and

profitable bus

Questionnaire:

Application Details PLEASE DIRECT ALL NATINALISED BANKS TO KEEP MANDATORY MINIMUM

BALANCE OF RS 500 IN EACH SAVING BANK ACCOUNTS.THE INTEREST EARNED

YEARLY ON MINIMUM BALANCE BE USED TO PROVIDE ACCOUNT HOLDER THE

INSURANCE OF RS 2 LAKH DUE TO ACCIDENTAL DEATH AND THIRD PARTY

ACCIDENTAL DEATH.VEHICLES BELOW 125CC BE PROVIDED THIRD PARTY

INSURANCE.

Final Remarks

Disposal Remarks Action Completed and reply sent,

Application

Application No: 201705000397 Status: CLOSED

Submitted Date: 12-05-2017 18:13:27 Closed Date: 19-12-2017 18:38:21

Application Details

Office: Central Office Department: DEPARTMENT OF BANKING

REGULATION

Section: BANKING POLICY DIVISION

Application Under process With

Office: Central Office Department: DEPARTMENT OF BANKING

REGULATION

Section: LEGISLATION DIVISION

Subject: POLICY CHANGE IN RECOVERING LOANS

Questionnaire:

Application Details ACTING AS PER RBI PREAMBLE PLEASE DIRECT ALL BANKS IN INDIA TO

INCLUDE A CLAUSE IN THE LOAN AGREEMENT THAT NAMES OF THE

DEFAULTERS OF LOAN WILL BE PUBLISHED ON NOTICE BOARD OF SERVING

BRANCH FROM ONE YEAR AFTER SERVING FIRST DEFAULT NOTICE BY THE

BANK.

Final Remarks

Disposal Remarks Action Completed and reply sent,