RRBs - Computation of NDTL for the purpose of Maintenance of CRR/SLR - আৰবিআই - Reserve Bank of India
RRBs - Computation of NDTL for the purpose of Maintenance of CRR/SLR
RBI/2009-10/289 January 18, 2010 All Regional Rural Banks Computation of Net Demand and Time Liabilities (NDTL) It has been observed that the Regional Rural Banks (RRBs) are not following a uniform practice in reckoning their liability in respect of arrangements with correspondent banks (mainly sponsor banks) for remittance facilities. Under the arrangements, there is a transfer of funds by accepting bank to its correspondent bank and it is an obligation of the correspondent bank to honour the instruments. However, such transfer of funds and obligation of correspondent bank to honour the instruments in no way absolve the primary liability of the accepting bank issuing drafts and interest/dividend warrants to its customers. It is, therefore, advised that all RRBs should reckon the liability in the following manner: (A.K.Pandey) |