Para Banking Activities Rbi
Banks should adopt adequate safeguards and implement the following. Scheduled Commercial Banks for undertaking certain financial services or para-banking activities as permitted by RBI excluding issue of credit debit and pre-paid cards for which a separate Master Circular has been issued. Guidelines For Manners Manners For Kids Teaching Kids Kids And Parenting Select the correct answer. Para banking activities rbi . Para banking means activities undertaken by a bank for profit making purpose and increasing its business portfolio. Purpose To provide a framework of rulesregulationsinstructions to the Scheduled Commercial Banks for undertaking certain financial services or para-banking activities as permitted by RBI. Examples - LICInsuranceDemat accountsShare market investment etc. In order to enable the banks to have all the existing instructions on the subject at one place this Master Circular has been prepared. Purpose To provide a framework of rulesregulationsinstructions