Priority Sector Lending new update given by RBI

Priority Sector Lending 1. The sub-targets for lending to small and marginal farmers and micro enterprises shall be made applicable for foreign banks with 20 branches and above, post 2018 after a review in 2017. 2. Accordingly, after undertaking a review of the priority sector lending profile of the above banks and to create a level-playing field within banks, it

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Acceptance of coins (RBI Guidelines)

Acceptance of coins (RBI Guidelines) Facility for Exchange of Notes and Coins where it was advised that none of the bank branches should refuse to accept small denomination notes and / or coins tendered at their counters. 1. However, Reserve Bank continues to receive complaints about non-acceptance of coins by bank branches. Such denial of service has reportedly, in turn,

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GUIDELINES FOR SENIOR CITIZENS AND DIFFERENTLY ABLED PERSONS

GUIDELINES FOR SENIOR CITIZENS AND DIFFERENTLY ABLED PERSONS The Reserve Bank on November 9, 2017 advised banks to put in place appropriate mechanism with specific provisions for meeting the needs of senior citizens & differently abled persons. a) Dedicated Counters/Preference to Senior Citizens, Differently Abled Persons; b) Ease of submitting Life Certificate; c) Cheque Book Facility: Provide minimum 25 cheque leaves

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