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Policy● Neutral for SBI
SBI seeks clarity on handling of bank accounts, deposits under FCRA bill
The brief
- SBI officials seek clarity on handling accounts when an organisation’s FCRA registration is suspended
- They highlighted risks for smaller organisations
- Unclear deposit rules could affect SBI’s compliance costs and handling of NGO accounts
- New rules from October 1 cover SBI ATM charges, UPI fees and LPG subsidy verification
- Bank Nifty Index Slips Below 55,000; Yes Bank, IDFC First, PNB, SBI Top Drags
- Bank branches shut on September 26 for fourth Saturday; public banks and RRBs operate September 27
- NSE's next growth leg: New products, newer markets, more technology
- Bank strike from September 28: SBI, Bank of India urge customers to complete key transactions in advance