"38 years of supervisory level banking experience which includes the experience as Group Head of Compliance of an MNC Bank, 15 years in senior positions in Banks Integrated Treasuries of ICICI Bank, Kotak Mahindra Bank; Securities Market (in New Private and PSU Banks), and 10 years in Wholesale & Retail Banking spread across PSU, New Pvt Sector Banks. Ex CEO Fixed Income Money Market and Derivatives Association (FIMMDA), SRO, visiting faculty at NIBM, RBI for many years"
Learn about RBI guidelines on fixed deposit maturity dates that fall on a holiday. Discover why banks should pay interest for the holiday and what to do if they don’t.
Upcoming bank nomination reforms allowing multiple nominees may complicate deposit claims, creating issues for heirs and banks unless key legal and practical challenges are addressed.
Banking Laws (Amendment) Bill 2024 introduces successive and simultaneous bank deposit nominations, raising concerns over complexity, legal conflicts, and role of nominees vs. heirs.
Why do some financial market regulators ignore the prevailing law, while designing products/policies, and push exotic ideas without heeding the serious systemic, legal and associated risks pointed out time and again
Explore why banks refrain from issuing standalone ATM cards and favor debit cards. Understand implications, risks, and potential solutions for varied customer needs.
Changes in bank locker agreements after Supreme Court’s directives in India. Analysis of new agreements, stamping issues, and customer rights.
Starting Oct 1, 2023, Indian cardholders can switch between Visa, MasterCard, Ru-Pay, etc. Learn the benefits, process, and implications for banks and users
Learn about banks rights to freeze operations in dormant/inoperative accounts. Understand the implications for ATM, internet banking, and cheque access.
Discover the issue of unlawful freezing of bank accounts for pending Re-KYC and the contradictory signals from RBI. Learn more here.
Is the gazette-notified Scheme of amalgamation of PMC Bank candidly drawn by RBI and lawful? Brief Note & Preamble: Brief note: To understand things one may need to carefully read the write-up. In this write-up, I have used the terminology retail, institutional deposit as has been used in the Scheme of amalgamation of PMC Bank […]
