The analysis report, accessed by The Indian Express, also states that the knowledge of anti-money laundering rules and regulations of all cooperative bank staff was a major concern.
The focus is also on non-cash deposits in various bank accounts by way of RTGS and other means
Decision follows I-T finding some co-op banks allegedly converting black money
Need to work on infrastructure, increase availability of swipe machines: central bank officials
Urjit Patel had met the panel to answer questions about demonetisation and its impact.
The firm had raised Rs 99.06 lakh by issuing 'Redeemable Preference Shares' to investors without complying with the public issue norms under the Companies Act.
NPCI has asked ICICI Bank, which had earlier blocked UPI transactions made through PhonePe App e-wallet of Flipkart, to open up the facility immediately
Cash payments of `1 lakh or more on credit card bills also need to be reported
The cyber security vertical of ReBIT would be responsible for running a security operations centre and would also look after responding to any incidents that may occur on systems of RBI or any of the financial institutions.
The RBI has faced flak after the government announced its decision to withdraw Rs 500 and Rs 1,000 notes on November 8, 2016 and the way the exercise was handled by the government and the central bank.
He (Urjit Patel ) should not be put to odd questions, Singh, who himself was RBI Governor once, is believed to have told the Committee.
SBI chairman Arundhati Bhattacharya said, “We are pleased to see the robust demand for our transaction and the strong perception of our credit by the international investor community ....”
In contrast, CSE sources contend that Sebi is not replying to letters seeking their consent for filling independent director posts vacant since August 2016.
According to the global financial services major, the WPI readings are likely to head towards 4 per cent in the first quarter of this year from 3.4 per cent in October-December quarter of 2016.
The drawdown will be carried out from its London branch, and the bonds will be listed on the Singapore Stock Exchange, Moody's said in a statement.
According to analysts, normal banking operation was hit for almost two months due to demonetisation leading to decline in income operation of banks.
This hike will be applicable to overdraft and cash credit accounts, the RBI said.
"RBI is special and that specialness should be retained. It is better to have complete transparency"
In November, spends had actually declined but the number of transactions went up.
Banks had to meet the incremental CRR requirements post demonetisation which had cost them as they had to pay interest, the bank's MD & CEO P Bajaj said.
Also the limit on withdrawal from current accounts has been enhanced from current limit of Rs 50,000 per week to Rs 1 lakh per week.
"I would like to announce about one more initiative under digitisation which we are starting from today, it is AB e-Vyapar," Andhra Bank CMD Suresh N Patel said
Since insurance is a capital-intensive business, subordinated debt capital plays a significant role.
Sebi also streamlined the regulatory framework for mergers between listed and unlisted companies.
Central bank employees on Friday said govt ‘is impinging on RBI’s autonomy’
What does the disquieting silence of the RBI means for the credibility and autonomy of the institution, and its role in the economy.
Mutual funds have been allowed to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) that have been classified as hybrid instruments.
The IAB said there has to be transparency in board appointments and removal process and similar requirements need to be prescribed at both stages.
The union raised the issue after at least three former governors Manmohan Singh (former prime minister), Bimal Jalan and Y V Reddy flagged concerns about the central bank's functioning.
The Forum’s letter follows reports that the finance ministry had sent a joint secretary to co-ordinate RBI’s cash operations.
Prime Minister Narendra Modi on November 8 had announced scrapping of Rs 500 and Rs 1,000 notes in an assault on black money, fake currency and corruption.
The report said the RBI will meet its 5 per cent CPI target for March comfortably.
After rival TCS announced its third quarter results yesterday, its CEO and MD Chandrasekaran was named as the Chairman of Tata Sons.
It plans to levy a filing fees on draft scheme of arrangements on the lines of amount charged for placing offer documents.
Bank credit to the infrastructure sector, which had been steadily sliding over the first eight months of the current financial year, has recorded its sharpest contraction of 6.7 per cent in November.
Many of the intermediaries such as brokers, Foreign Portfolio Investors (FPIs), stock exchanges, custodians make payments to Sebi through online banking.