RTI applicant says RBI must carry nation-wise reality check
GN Bureau | January 21, 2013
The Reserve Bank of India (RBI) has asked all its commercial banks to strictly adhere to ‘Premises Acquisition Norms’. The fresh guidelines were issued on a RTI reply in which the RBI said, “It has been observed in certain cases that banks have not complied with the above instructions while acquiring premises for their branches causing avoidable inconvenience to customers and possible reputational risk to the banks.”
It stated, “It is therefore, reiterated that banks should strictly adhere to the policy and operational guidelines formulated by their board of directors for hiring premises on lease/rental basis in respect of metropolitan, urban, semi-urban and rural areas.”
The fresh guidelines came after several banks (commercial and private) flouted norms by operating on branches in Noida residential areas. These branches were closed on residential areas after a supreme court order in 2011. “The banks broke the RBI guidelines. Over 10 lakh customers got affected as they were transacting with the banks on residential premises in Noida for several years. This has led to mental agony, inconvenience and harassment to customers,” said commodore (rtd.) Lokesh Batra, who filed an RTI in this regard.
He also demanded, “Action (as per the law) against defaulting banks. And, learning from this (Noida) experience, RBI should carry out nation-wise reality check to ensure that these types of violations by banks are not happening anywhere else in the country.”
Almost a week ago, Finance Bill, 2017, was passed in the Lok Sabha as a money bill in the midst of a walk out by the opposition. In the 92-page document of the bill, centre has pushed 40 amendments to various acts including the IT Act. Eminent people like Fali Nariman, Girish Karnad, TM Krishna, Arun
Bharat Heavy Electricals Limited (BHEL), a Maharatna PSU, has successfully commissioned 250 MW unit based on eco-friendly circulating fluidized bed combustion (CFBC) technology, using low grade coal (lignite) as the primary fuel. The 250 MW lignite
The Law Commission which had examined the issues of right to rejection and the right to recall, has not recommended for the same, the Lok Sabha was informed. Union minister PP Chaudhary said that the Law Commission of India was requested in January, 2013,
HCL founder Shiv Nadar tops the Hurun India Philanthropy list with Rs 630 crores donation towards education sector. Infosys co-founder Kris Gopalakrishnan and his wife Sudha Gopalakrishnan came in second with a donation of Rs 313 crores primarily towards healthcare, social development and education.
Keel of the first Coast Guard Offshore Patrol Vessel (CGOPV) of the new 5 CGOPVs project for the Indian Coast Guard was laid at Goa Shipyard Ltd (GSL) recently by ADG K Natarajan, PTM, TM Coast Guard Commander (Western Seaboard), in the presence of RAdm (Retd) Shekhar Mital, NM Chairman and Managing Dire
A pilot project of Digital Village (DigiGaon) is to be implemented in 1050 Gram Panchayats (GPs) spread across 30 States/UTs, the Lok Sabha was informed. Union minister PP Chaudhary said that the approved outlay for implementation of the project for finan