Passport to be collected on loan above 50 crore

Last updated: 07 April 2018

Statutory Central Audit and Statutory Branch Audit of Public Sector Banks The Reserve Bank of India (RBI) is the regulator and supervisor of the banking system, as per power conferred by relevant provisions of the Banking Regulation Act, 1949, the Reserve Bank of India Act, 1934, and other relevant statutes. RBI has informed that the guidelines/norms and procedure for audits have been issued by RBI, in consultation with Government of India. Accordingly, banks are to put in place appropriate c
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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