Authorised bank obligations: banks must report deposit details electronically for verification and upload to central banking system. Authorised banks, limited to banking companies governed by the Banking Regulation Act and excluding cooperative banks, must electronically furnish deposit particulars in Form V to the Department of Revenue by the next working day for verification, and upload deposit details into the Reserve Bank of India's core banking solution, e-kuber; both the Reserve Bank and authorised bank must maintain confidentiality of the received data.
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Provisions expressly mentioned in the judgment/order text.
Authorised bank obligations: banks must report deposit details electronically for verification and upload to central banking system.
Authorised banks, limited to banking companies governed by the Banking Regulation Act and excluding cooperative banks, must electronically furnish deposit particulars in Form V to the Department of Revenue by the next working day for verification, and upload deposit details into the Reserve Bank of India's core banking solution, e-kuber; both the Reserve Bank and authorised bank must maintain confidentiality of the received data.
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