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Articles by Shivaprasad Laxman Chhatre

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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.

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Posted in Others |   999 Views


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

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Posted in Others |   660 Views


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

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Posted in Others  2 comments |   1725 Views


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

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Posted in Others  2 comments |   6771 Views


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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Posted in Others  5 comments |   10350 Views