Banking consortium
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 September 2015
fact:- IF ANY BANK EXIST BEFORE CONSORTIUM FORM & THIS BANK IS NOT THE PART OF CONSORTIUM THAN SHOULD ALL RULE & REGULATION WILL APPLICABLE TO THAT BANK.
example:- A company has opened current account in "a" nationalized Bank during 2007.
than company has form consortium with "B" nationalized bank during 2009.
Bank "b" has issued a letter to bank "a" instructing him to take "NO OBJECTION CERTIFICATE" from consortium bank i.e. Bank "b".
my question is whether all rule & regulation of consortium will applicable to bank "a".
if not, under which RBI guidelines it is not applicable.
example:- A company has opened current account in "a" nationalized Bank during 2007.
than company has form consortium with "B" nationalized bank during 2009.
Bank "b" has issued a letter to bank "a" instructing him to take "NO OBJECTION CERTIFICATE" from consortium bank i.e. Bank "b".
my question is whether all rule & regulation of consortium will applicable to bank "a".
if not, under which RBI guidelines it is not applicable.
26 September 2015
"A" bank has the choice whether or not to accept the conditions of CONSORTIUM.
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 September 2015
kindly provide specific rbi guidline
28 September 2015
Please clarify who are you among above : A or B or Loan taker?
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