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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.
Where a banking company appropriates any sum or sums from the reserve fund or the share premium account, it shall, within _______________, report the fa...
A person shall be deemed to be dead if he remained unheard for ………….. years
When police may arrest without warrant?
D's and P's residences were both ablaze. D grabbed a fire extinguisher and utilized its contents to douse the flames. However, D's actions caused an unr...
What is the age of majority of a person domiciled India in as per the Majority Act, 1875?
The Magistrate or Judge of the Designated Court shall not authorise seizure of books, registers, other documents and record, of
According to Indian Partnership Act, 1932 What entitlement does an outgoing partner or their estate have if the surviving partners continue the busines...
Which of the following are the functions of MPEDA?
When is criminal conspiracy said to be done by a person?
Whether testimony of accomplice witness requires corroboration?