RBI mandates UCBs to offer free BSBD services with ATM cards, cheque books, digital banking, and no minimum balance, boosting financial inclusion.
RBI mandates RCBs to provide free BSBD services, including ATM cards, cheque books, and digital banking, with no minimum balance to enhance financial inclusion.
Updated directions require full-file and incremental reporting, CKYC submission, and rectification of rejected data to improve credit data accuracy.
SFBs must submit structured monthly and incremental credit data, report CKYC numbers, and rectify rejected data promptly, enhancing transparency and accuracy in credit reporting.
The Directions mandate stronger Board oversight, compulsory leave policies, and robust business continuity planning to improve governance and risk management.
LABs must submit structured monthly and incremental credit data, report CKYC numbers, and promptly rectify rejected data. This improves transparency and accuracy in local banking.
RRBs must submit structured monthly and incremental data, report CKYC numbers, and promptly rectify rejected entries. This enhances transparency and accuracy in rural credit reporting.
UCBs must follow structured monthly and incremental reporting, report CKYC numbers, and promptly rectify rejected data. The update enhances accuracy and transparency.
New directions mandate structured monthly and incremental reporting, CKYC integration, and prompt rectification of rejected data. This enhances transparency and accuracy in the rural banking sector.
The amendment mandates structured reporting on four reference dates each month and strict deadlines for full and incremental files. It strengthens data accuracy and monitoring across the credit ecosystem.
