It has now been decided to prescribe a Loan to Value (LTV) Ratio of not exceeding 75 per cent for UCBs’ lending against gold jewellery (including bullet repayment loans against […]
It is advised that henceforth banks are not permitted to levy penal charges for non-maintenance of minimum balances in any inoperative account. To view the full notification, please follow the link.
It is advised that banks will not be permitted to charge foreclosure charges/ pre-payment penalties on all floating rate term loans sanctioned to individual borrowers, with immediate effect. To view the […]
The onus of submission of the form FC-TRS within the timeframe of 60 days from the date of receipt of funds has now been shifted to Investee Company. Earlier, it […]
As a matter of prudence, the Reserve bank of India advises all primary co-operative banks to create deferred tax liability(DTL) on Special Reserve. DTL for amounts transferred to Special Reserve from […]