RBI Issue Norms for Closure of DCCBs
On 30th October, 2023, the Reserve bank of India (RBI) announced a significant change in its regulations, allowing the District Central Co-operative Banks (DCCBs) to close their un-remunerative branches without prior permission of the central bank.
New Norms for DCCBs
- DCCBs are allowed to close their un-remunerative branches without prior permission of the central bank, though a nod will be needed from the Registrar of Cooperative Societies of the respective state.
- The decision to close down branches should be taken by the Board after taking into account all the relevant factors and should be properly recorded/minuted in the proceedings of the ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 First Report of Standing Committee on Petroleum and Natural Gas
- 2 India-ADB Agreement under SMILE Program
- 3 Annual Survey of Unincorporated Sector Enterprises, 2023-24
- 4 MuleHunter.AI: Combating the Issue of Mule Accounts
- 5 Committee of Creditors
- 6 SEBI Widens Scope of Optional T+0 Rolling Settlement Cycle
- 7 55th Meeting of the GST Council
- 8 State Finances: A Study of Budgets of 2024-25
- 9 RBI Committee on FREE-AI
- 10 Parliamentary Committee Report on Agriculture Distress
- 1 RBI Issues Norms to Regulate Cross-Border Payment Aggregators
- 2 Withholding Tax
- 3 Government Allows Direct Overseas Listing of Indian Companies
- 4 Section 54EC Bonds
- 5 Double Taxation Avoidance Agreement
- 6 Jamrani Dam Multipurpose Project
- 7 Standards & Labelling Programme for Solar PV Modules
- 8 Indian Oil launches Reference Fuels
