Articles by Shivaprasad Laxman Chhatre
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Lodgement of depositors claims with DICGC - Issues - Need of process simplification without sacrificing safety and security
Shivaprasad Laxman Chhatre
28 September 2021 at 09:35
Few readers of my earlier articles on the subject of DICGC called me and informed me that contrary to the applicable provisions some banks are not entertaining..
KYC, Re-KYC, Misconceptions around KYC and Dormant Account
Shivaprasad Laxman Chhatre 06 September 2021 at 13:36
KYC is a mandatory process by which bank/s, FI/s obtain information about the identity and address of the customers to establish the legitimacy of a customer.
Will all eligible depositors of banks under directions, moratorium get an interim payment of Maximum of Rs. 5 lacs from DICGC in 90 days?
Shivaprasad Laxman Chhatre 03 September 2021 at 09:38
The amendment has been made to the DICGC Act,1961 to provide interim payments to depositors subject to certain provisions stipulated in the DICGC (Amendment) Act, 2001.
Can a bank offer different rates of interest, on non-bulk Fixed Deposits?
Shivaprasad Laxman Chhatre 05 July 2021 at 09:16
Discussing whether a bank can prescribe different rates of interest for the same tenure, for the same amount, on the same day, for different FD products, at the same or different branches of the bank.
RBIs directions on Auto re-designation of banking accounts into Senior Citizen Account
Shivaprasad Laxman Chhatre 30 January 2021 at 09:56
Please peruse below the text of an important and relevant portion of a simple query, supported with a clear example, I posed to DBR (RBI). The circular below was issued by RBI following the policy statement of Governor RBI in Oct 2017
Inadequate oversight by financial regulators resulting in regulated entities practising random ways to generate revenue
Shivaprasad Laxman Chhatre 21 September 2020 at 12:28
Inadequate oversight by financial regulators resulting in regulated entities practising random ways to generate revenue
PMC almost became bankrupt overnight
Shivaprasad Laxman Chhatre 14 October 2019 at 11:48
Most of you may be reading, listening to the news on Punjab Maharashtra Co-operative Bank's failure and would broadly be aware as to how a co-operative bank
Are e-Fixed Deposit receipt issued legal?
Shivaprasad Laxman Chhatre 09 October 2019 at 17:09
In every walks of life, we come across a situation where we receive an unsigned business letter/Receipt/Advice which bears the legend 'This letter/Report Advice is computer generated and therefore does not require any signature', or similar to that. I think it is the best route for the originator to escape.
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