IBA to seek local support for attaching defaulter assets
Kolkata: Indian Banks’ Association has decided to seek the support of local governments, local police and local administrative bodies such as municipal corporations, local panchayats and zilla parishads in their member banks’ attempts to attach the properties or assets of wilful defaulters under the Securitisation Act.
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Irda eases regulations for TPA agreements
New Delhi: Diluting its norms for third-party administrators, the Insurance Regulatory and Development Authority has decided to take a lenient view of tripartite agreements with clients being entered into by TPAs and insurers for the sake of business considerations.
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RBI raps banks for failure to follow SJSRY guidelines
Mumbai: The Reserve Bank of India has pulled up banks for not following its guidelines for implementation of the Swarna Jayanti Shahari Rozgar Yojna.
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RBI asks ADs to obtain evidence on export incentive before allowing write-off
Mumbai: The Reserve Bank of India (RBI) has asked authorised dealers in foreign exchange to obtain documentary evidence to ensure that exporters surrender their export incentives availed of, before permitting them to write off their unrealised bills.
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Cash management services set to transform: HSBC
Mumbai: Cash management services in India are expected to under go major changes in the future, predicts HSBC. According to the newly released `HSBC 's Guide to Cash and Treasury Management in Asia-Pacific 2003'.
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IOC, Citibank launch co-branded debit card
Mumbai: Indian Oil Corporation (IOC) and Citibank yesterday introduced a co-branded debit card for Citibank Suvidha and banking customers across 15 cities in India.
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