Change of Financial Year to Jan-Dec Member of Parliament Shri Abhishek Singh asked some questions about the changing the Financial year from Apr-Mar to Jan-Dec in Lok Sabha on 7.4.2017. The Finance Minister Shri Arun Jaitley replied as follows... Change of Financial Year Suggestions have been received in Government, from time to time, for a change of Financial Year for a … [Read more...] about Change of Financial Year to Jan-Dec
Online frauds in Banks In terms of Reserve Bank of India (RBI) Circular no. DBS.CO/CSITE/BC.11/33.01.001/2015-16 dated June 2, 2016 on Cyber Security Framework in Banks, banks have been advised to report all unusual cyber security incidents to RBI within 2 - 6 hours of detection. As on February 28, 2017 the details of the incidents reported by banks since above mentioned … [Read more...] about Online frauds in Banks
Charges on savings bank accounts Reserve Bank of India’s Master Circular on Customer Service in Banks provides that the policy on penal charges to be levied for non-maintenance of minimum balance in savings bank accounts may be decided with the approval of the Board of the bank concerned. Banks levy panel charges on non-maintenance of minimum balance in savings bank account in … [Read more...] about Charges on savings bank accounts
Bank of Baroda forex scam: RBI finds irregularities in bank's transactions Various irregularities by banks such as non-submission and inordinate delays in filing of Suspicious Transaction Reports (STRs), besides opening of accounts by several entities without fulfilling KYC norms, have been noticed by Reserve Bank of India. The observation came as part of inspection done … [Read more...] about Bank of Baroda forex scam: RBI finds irregularities in bank’s transactions
How Central Government Staff are able to secure more benefits, as compared to Bank Staff? S No Central Government Staff Bank Staff 1 Government Employees have a greater say in implementation of all policies and programmes of the government. They manage the routine affairs of the government. They only make the government visible to … [Read more...] about How Central Government Staff are able to secure more benefits, as compared to Bank Staff?