Prudential compliance requires Banking Units to follow Authority norms and applicable Reserve Bank directions, subject to Authority specifications. Banking Units in an International Financial Services Centre must comply with prudential norms and guidelines prescribed by the Authority. They must also ... Summary
Prudential compliance requires Banking Units to follow Authority norms and applicable Reserve Bank directions, subject to Authority specifications.
Banking Units in an International Financial Services Centre must comply with prudential norms and guidelines prescribed by the Authority. They must also continue to follow Reserve Bank of India directions and instructions applicable to IFSC Banking Units, unless the Authority specifies otherwise.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.