What is the time limit to dispose of a complaint under the consumer protection act 2019?
In our previous article ‘How to file a complaint in consumer court?’ We have explained the procedures for lodging a complaint in Consumer Courts either online or offline. We have also explained about the establishment of the Central Consumer Protection Authority and, ‘Product Liability’ clause where a manufacturer or product service provider or product seller…
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Enhancement of SLR Holdings in Held to Maturity (HTM) category
In the Statement on Developmental and Regulatory Policies dated 09.10.2020, RBI said that the limits under Held to Maturity (HTM) category is increased to 22 percent of NDTL, in respect of SLR securities acquired on or after September 1, 2020, up to March 31, 2021. RBI on September 1, 2020, increased the limits under Held…
Read article Repo rate and other key policy rates remain unchanged: RBI
The Reserve Bank of India (RBI), in its fourth bi-monthly monetary meet held on October 9, 2020, has decided to keep the repo rate unchanged and continues with its accommodative stance. This is the second time in a row the apex bank has kept the key rates unchanged. The existing key policy rates are as…
Read article RBI defers implementation of regulations under Basel III capital
On Tuesday, September 29, 2020, in two separate notifications, RBI said it would push back the final tranche of the capital conservation buffer (CCB) and the implementation of the net stable funding ratio (NSFR) by six months due to uncertainty related to COVID crisis. The capital conservation buffer (CCB) is designed to ensure that banks…
Read article RBI announces extension of Interim Relaxation in WMA limits and OD regulations
The Reserve Bank of India (RBI), announced the extension of the existing limit in Ways and Means Advances (WMA) limits and OD regulations for a further period of 6 months till March 31, 2021. The extension is available for all States/UTs to enable them to tide over the situation arising from the outbreak of the…
MPC meeting rescheduled & MSF Relaxation extended till 31, March 2021
September 28, 2020 (Mumbai): The meeting of the Monetary Policy Committee (MPC) during September 29, 30 and October 1, 2020 as announced by RBI vide Press Release 2019-2020/2248 dated April 20, 2020 is being rescheduled. The Central Bank communication said that the dates of the MPC’s meeting will be announced shortly. Marginal Standing Facility (MSF)…
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