Regulators & Institutions Archive
Deposit Insurance for Bank Deposits- DICGC and Banks
Deposit Insurance and Credit Guarantee Corporation (DICGC) offers insurance protection for deposits up to Rs. 5,00,000 held in same ownership/right in each bank. Deposits in same capacity held in different branches of same bank or different
24 Jul 23
CategoryBanking Awareness, Everything About, Regulators & Institutions
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National Cyber Crime Reporting Portal (NCCRP) and Digital Banking
National Cyber Crime Reporting Portal (NCCRP) is a web portal facilitating Indian citizens to report cyber crimes. The portal has provisions for reporting various types of cyber crimes falling under two categories, (a) crimes against children and women and
MCLR -Marginal Cost of Funds Based Lending Rate
MCLR, Marginal Cost of Funds Based Lending Rate System interest regime came into effect on April 1, 2016. This was a refined version of Base Rate system announced by RBI to further enhance the transparency of credit
31 Mar 19
CategoryBanking Terms, Banking Terms - Loans, Quick Reference, Regulators & Institutions
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Lending Rates- PLR, BPLR and BR- An Overview
The interest rate on lending was de-regulated by RBI in October 1994. This was as part of the financial sector reforms initiated in India in 1991. Since 1994, RBI has introduced various benchmarks and guidelines with regard
31 Mar 19
CategoryBank Loans- General, Banking Terms, Banking Terms - Loans, Quick Reference, Regulators & Institutions
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Lending Interest Rate and Challenges – RBI Vs Banks
Transmission of changes in policy interest rate announced by the Reserve Bank of India (RBI) to market and borrowers by reduction in lending interest rate has always been a bone of contention between RBI and Banks since
Roles and responsibilities of RBI
Reserve Bank of India (RBI) is constituted as the apex institution of Indian monetary system and financial system. RBI is responsible for implementation of monetary policy to control and ensure stability of the monetary and banking system.
Reserve Bank of India (RBI)
Reserve Bank of India (RBI) is the apex institution of Indian monetary system and financial system. Being the central bank of the country, RBI is the institution that control and stabilize the monetary and banking system. Evolution
Internal Ombudsman (IO) Scheme, 2018
Banks in India have been instructed by Reserve Bank of India (RBI) to appoint an Independent Internal Ombudsman (IO) under the Banking Ombudsman Scheme. As per the revised guidelines consolidated under Internal Ombudsman Scheme, 2018, all Scheduled
Types of Complaints To Banking Ombudsman
Banking ombudsman scheme is a fast and low cost forum for quick resolution of customer grievances relating to deficiency in certain banking services. What are the complaints that can be filed with banking Ombudsman? Any person aggrieved
Digital Public Credit Registry (PCR) in India – An overview
Public Credit Registry (PCR) was indicated as a prerequisite by Reserve bank of India (RBI) for moving towards equitable and timely access to credit. PCR was muted as a giant step towards formalizing credit in India. RBI
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