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English Release 2-October 2014
Date Month Year
  • President's Secretariat
  • Swachh Bharat Abhian in Rastrapati Bhavan
  • President's Dussehra Greetings
  • President Congratulates medal winners in Incheon Asian Games – 2014
  • President of India, Shri Pranab Mukherjee flags off Swachh Bharat Mission at Kirnahar, Birbhum district of West Bengal
  • President congratulates Germany on the occasion of Unification Day
  • President pays floral tributes to Mahatma Gandhi and Shri Lal Bahadur Shastri
  • Vice President's Secretariat
  • Vice President Greets Citizens on Dussehra
  • Prime Minister's Office
  • English rendering of Prime Minister Shri Narendra Modi’s address at the launch of “Swachh Bharat Mission” at Rajpath
  • Text of Prime Minister Shri Narendra Modi’s address during launch of 'Swachh Bharat Mission' at India Gate
  • Swachh Bharat Mission: Sidelights
  • PM makes surprise visit to Mandir Marg police station, New Delhi
  • PM launches Swachh Bharat Abhiyaan
  • PM pays tribute to Mahatma Gandhi ji and Lal Bahadur Shastri ji, on their birth anniversary
  • Min of Civil Aviation
  • Airports Undertake “Swachh Bharat” Drive
  • Min of Corporate Affairs
  • Swachh Bharat Mission
  • Min of Defence
  • Indian Air Force (IAF) Participates in Swachh Bharat Abhiyan
  • ‘Swachh Bharat Campaign’ and Green Initiatives Launched by Indian Navy
  • Overseas Deployment of Western Fleet Ships
  • Defence Ministry Launches Swachh Bharat Abhiyan
  • Swachhata Shapath Samaroh by Indian Army
  • Ministry of Finance
  • 5.29 Crore Accounts Opened under PMJDY-3.12 Crore in Rural and 2.17 Crore in Urban Areas; RuPay Card issued in 1.78 Crore Accounts
  • Min of Information & Broadcasting
  • Shri Prakash Javadekar administers Swachh Bharat Pledge
  • Min of Power
  • One Lakh Toilets in Schools to be constructed by Energy PSUs within a Year : Piyush Goyal
  • Address by Shri Piyush Goyal in connection with Swachh Bharat Mission
  • Ministry of Railways
  • IRCON Participates in Swachh Bharat Campaign
  • Min of Rural Development
  • 20 Lakh Rupees to Every Village per annum in the Country for Swachhta Mission-Gadkari
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • ‘Punarjagaran’- Mass Awakening Campaign for Youth Launched
  • India’s Performance on Day 13 at Asian Games 2014

Previous Date

 
Ministry of Finance23-November, 2012 19:32 IST
Foreign National to Open Banks in India

As per the “Draft Guidelines for Licencing of New Banks in Private Sector” issued by the Reserve Bank of India (RBI) on 29.08.2011, only entities/groups in the private sector that are owned and controlled by residents shall be eligible to promote banks.

RBI has formulated the Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT) guidelines to be followed by banks, so as to prevent banks from being used, intentionally or unintentionally, by criminal elements for money-laundering or terrorist financing activities. KYC procedures also enables banks to know/understand their customers and their financial dealings better, which in-turn help them manage their risk prudently. Accordingly, all banks, including foreign banks, functioning in India have been advised to follow certain customer identification procedures for opening of accounts and monitoring transactions of a suspicious nature for the purpose of reporting it to appropriate authority, i.e. Financial Intelligence Unit-India (FIU-IND). The banks are also required to ensure that a proper Board approved policy framework on KYC/AML/CFT is formulated and implemented by them in accordance with the extant legal and regulatory framework.

This was stated by the Minister of State for Finance, Shri Namo Narain Meena in a written reply to a question in the Lok Sabha today.

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