https://www.taxtmi.com/circulars?id=54465 Banks are prohibited from providing Investment Advisory Services departmentally; such services must be offered only through a separate subsidiary or an existing subsidiary maintained at arm's length. Sponsor banks must obtain prior regulatory approval before using or creating a subsidiary for this purpose, and all bank sponsored subsidiaries offering investment advice must register with SEBI and comply with SEBI (Investment Advisors) Regulations while restricting advice to products banks are permitted to deal in and adhering to applicable KYC/AML/CFT requirements. en-us Thu, 21 Apr 2016 00:00:00 +0530 Fri, 22 Apr 2016 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54465 Banks are prohibited from providing Investment Advisory Services departmentally; such services must be offered only through a separate subsidiary or an existing subsidiary maintained at arm's length. Sponsor banks must obtain prior regulatory approval before using or creating a subsidiary for this purpose, and all bank sponsored subsidiaries offering investment advice must register with SEBI and comply with SEBI (Investment Advisors) Regulations while restricting advice to products banks are permitted to deal in and adhering to applicable KYC/AML/CFT requirements. Circulars RBI Thu, 21 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54465