INTRODUCTION To consolidate framework of rules and regulations on Housing Finance issued by RBI Master Circular DBR.No.DIR.BC.13/08.12.001/2015-16 dated July 1, 2015. In pursuance of National Housing Policy of Central Government, Reserve Bank of India has been facilitating the … [Read more...] about HOUSING FINANCE IN INDIA
RIGHT TO INFORMATION (RTI) ACT, 2005
The basic objective of the Right to Information Act is to empower the citizens, to promote transparency and accountability in the working of the Government, and public authority. The act helps to mitigate the corruption, and to enhance people’s participation in democratic … [Read more...] about RIGHT TO INFORMATION (RTI) ACT, 2005
KISAN CREDIT CARD (KCC) SCHEME
KCC scheme was first introduced during the year 1998 for farmers on the basis of their holdings by the banks for purchase of agriculture inputs such as seeds, fertilizers, pesticides etc. and draw cash for their production needs. The scheme was further extended for the investment … [Read more...] about KISAN CREDIT CARD (KCC) SCHEME
PREVENTIVE VIGILANCE IN BANKS
VIGILANCE FUNCTION IN BANKS The dictionary defines Vigilance as being watchful and cautious to detect danger, being ever awake and alert. While being vigilant is important in all walks of life, the observance of vigilance becomes more critical in the financial sector and … [Read more...] about PREVENTIVE VIGILANCE IN BANKS
CHEQUE TRUNCATION SYSTEM
Introduction Truncation is the process of stopping the flow of the physical cheque issued by a drawer at some point by the presenting bank en-route to the paying bank branch. In its place, an electronic image of the cheque is transmitted to the paying branch through the … [Read more...] about CHEQUE TRUNCATION SYSTEM