RBI's Master Circular on Guarantees and Co-acceptances Quiz

Study Notes

Master Circular on Guarantees and Co-acceptances

Issued by the Reserve Bank of India (RBI) for all Scheduled Commercial Banks, excluding Payments Banks and Regional Rural Banks (RRBs).
Date of issuance: April 1, 2023.
Consolidates guidelines from the previous Master Circular dated April 1, 2022, effective through March 31, 2022.
Aims to provide updated instructions on guarantees and co-acceptances for banks, valid until March 31, 2023.
Signed by Manoranjan Mishra, Chief General Manager of the Department of Regulation.
Contact details include a fax number (0091-22-22701241) and a telephone number (022-22601000).
Encourages the usage of Hindi for communication and resources.

Content Overview

Lists various paras to guide the structured delivery of information regarding guarantees and co-acceptances, detailing specific instructions and guidelines.
The document is divided into sections, including foundational rules and specific procedural steps banks must adhere to.
Highlights the importance of compliance with the newly consolidated regulations by banks to ensure uniformity in operations related to guarantees.

Description

Test your knowledge of banking regulations and guidelines with this quiz on RBI's Master Circular on Guarantees and Co-acceptances. Explore key instructions and guidelines issued to scheduled commercial banks, and enhance your understanding of banking practices.