Rbi circular on diversion of funds
Web[S. 138 of the NI Act] HC: Only the drawer of the Cheque can be held liable unless the cheque has been signed by every person who is a Joint Account Holder, Read Judgment Web1 day ago · Many Regulated Entities (REs) use penal rates of interest, over and above the applicable interest rates, in case of defaults or non-compliance by the borrower with the terms on which credit facilities were sanctioned. To review extant regulatory guidelines on levy of penal interest, the Reserve Bank of India (RBI) released 'draft circular on fair …
Rbi circular on diversion of funds
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WebApr 11, 2024 · The RBI circular in question divides a borrower’s aggregate exposure as less than Rs. 5 crore, Rs 5-15 crore and Rs. 50 crore with different rules for every type of … WebDefaulting Borrowers of banks and FIs introduced in April 1994, vide RBI Circular ... The terms “diversion of funds” and “siphoning of funds” should construe to mean the following:- 2.2.1 Diversion of funds, referred to at para 2.1(b) above, would be construed to
WebMutual funds will soon get a backstop facility for the purchase of corporate debt ... RBI issued the Master Circular on Facility for Exchange of Notes and Coins Dated:04th April, 2024 The Reserve Bank of India ... the diversion should initiate the diversion entry.
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