Daily Archives: January 2, 2016

Jamabandi (Land Record) Frequently Asked Questions

Jamabandi (Land revenue record) What are the alternate name of Jamabandi ? It is known by different name like fard, parcha or many other different names in different areas, most commonly used name is Jamabandi . Why is Jamabandi important? It shows  -The ownership and possession of land -knowledge about type of land, -Source of irrigation if cultivated, -The… Read More »

Extension of Credit Facilities to Overseas Step-down Subsidiaries of Indian Corporates

Source : Reserve Bank of India RBI/2015-16/279 DBR.IBD.BC.No.68/23.37.001/2015-16 December 31, 2015 All Scheduled Commercial Banks (Excluding RRBs and LABs) Madam/Dear Sir, Extension of Credit Facilities to Overseas Step-down Subsidiaries of Indian Corporates Please refer to our circular DBOD.IBD.BC.No.96/23.37.001/2006-07 dated May 10, 2007 permitting banks in India to extend funded and/or non-funded credit facilities to step-down… Read More »

Category: RBI

Govt Cheque would be paid by Cheque Truncation System without Physical movement

RBI/2015-16/278 DGBA.GAD.No. 2036/42.01.035/2015-16 December 31, 2015 The Chairman and Managing Director/ The Chief Executive Officer All Agency Banks Dear Sir/Madam Discontinuation of the requirement for Paper to Follow (P2F) for Central Government cheques under Cheque Truncation System With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque Truncation System (CTS) for… Read More »

RBI issued roadmap for opening brick and mortar branches in villages

BI/2015-16/277 FIDD.CO.LBS.BC.No. 82 /02.01.001/2015-16 December 31, 2015 The Chairman and Managing Director SLBC Convenor Banks Dear Sir/Madam, Roadmap for opening brick and mortar branches in villages with population more than 5000 without a bank branch of a scheduled commercial bank You are aware that SLBC Convenor banks were advised vide circular RPCD.CO.LBS.BC. No. 86/02.01.001/2011-12 dated… Read More »

Category: RBI