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English Release 27-March 2015
Date Month Year
  • President's Secretariat
  • President of India Confers Bharat Ratna on Shri Atal Bihari Vajpayee
  • President’s Ram Navami greetings
  • Vice President's Secretariat
  • Vice President Greets Citizens on Ram Navami
  • Prime Minister's Office
  • Text of PM’s statement to the media after the Bharat Ratna award was conferred to Former PM Shri Atal Bihari Vajpayee
  • Text of PM’s address at inauguration ceremony of “Urja Sangam-2015”
  • Historic Day for India, says PM
  • Team of First All India Services Expedition to Mt. Everest calls on PM
  • PM at Urja Sangam 2015
  • Min for Develop. of North-East Region
  • Dr. Jitendra Singh announces 'DoNER at doorstep' concept
  • Min of Agriculture
  • Radha Mohan Singh Emphasises on the Importance of Soil Health Management, Irrigation and Organic Farming
  • Sowing Area under Rabi Rice and Summer Crops
  • Price Stabilisation Fund
  • State-Wise Revised Affected Area under Rabi Crops During end of February to till date 26.03.2015
  • Min of Comm. & Information Technology
  • Commemorative Postage Stamp release on Engineers India Limited (EIL)
  • Government to Invest 10 Billion US $ in the Chip Manufacturing Facilities Coming up in Gujarat and Uttar Pradesh
  • Ministry of Finance
  • Field Offices Under Chief Commissioners of Customs/Central Excise/Service Tax to Remain open tomorrow, 28th March, 2015 to Facilitate filing of Returns/Payment of Taxes
  • FM Stresses the need for use of more Accounted Money and Discourage of use of Unaccounted Money: Focuses on use of Plastic Money such as Credit Card, Rupay Card and Cheques in lieu of Hard Currency

  • Min of Health and Family Welfare
  • Need to enhance awareness among people to encourage organ donation: Health Secretary
  • Min of Home Affairs
  • Government declared National Mourning on March 29, 2015
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 57.03 per bbl on 26.03.2015
  • Ministry of Railways
  • Report of Committee on Traffic Optimization Presented to Railway Minister within Stipulated Time
  • Suresh Prabhu Inaugurates Landmark Lumding-Silchar (Assam) Broad Gauge Railway Line Project by Flagging off A Goods Train - Bringing This Region on the National Broad Guage Railway Map
  • Min of Science & Technology
  • Dr Harsh Vardhan Dedicates the “Apex Metrology Laboratory” at the National Physical Laboratory in New Delhi Today
  • Ministry of Water Resources
  • Storage Status of 85 Important Reservoirs of the Country as on March 26, 2015
  • Min of Youth Affairs and Sports
  • Government plans to launch - Ek Saal Desh Ke Naam
  • NITI Aayog
  • First meeting of sub-group on rationalisation of centrally sponsored schemes held by NITI Aayog

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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