• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai , Jan. 8

THE Reserve Bank of India (RBI) has tightened provisioning norms for State and Central co-operative banks and regional rural banks pertaining to inter-branch accounts.

The new norms would apply for net debit balances outstanding in the inter-branch accounts in a phased manner. "It has been observed that the number and amount of outstanding debit and credit entries as also the period of pendency in the branch adjustment accounts of the State/Central co-operative banks and RRBs is increasing over the years, even after being brought to their notice in the inspection reports of Nabard,'' said a press release from RBI.

More Stories on : RBI & Other Central Banks | Regional Rural Banks | Co-operatives

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee gains; securities up

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line