Vostro account branch cap relaxation allows additional drawee branches with CBS and online monitoring, subject to approvals. The Reserve Bank permits AD Category I banks to designate drawee branches under Rupee Drawing Arrangements beyond the earlier numerical cap where those branches operate on a Core Banking Solution with on line funds monitoring to prevent concealed overdrafts, subject to Reserve Bank approval for the tie up with an Exchange House, adherence to Rupee Drawing Arrangements instructions, and prior Board approval before increasing drawee branches; prior permission requirements for tie ups remain unchanged.
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Provisions expressly mentioned in the judgment/order text.
Vostro account branch cap relaxation allows additional drawee branches with CBS and online monitoring, subject to approvals.
The Reserve Bank permits AD Category I banks to designate drawee branches under Rupee Drawing Arrangements beyond the earlier numerical cap where those branches operate on a Core Banking Solution with on line funds monitoring to prevent concealed overdrafts, subject to Reserve Bank approval for the tie up with an Exchange House, adherence to Rupee Drawing Arrangements instructions, and prior Board approval before increasing drawee branches; prior permission requirements for tie ups remain unchanged.
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