{"id":6275,"date":"2015-11-19T06:49:40","date_gmt":"2015-11-19T06:49:40","guid":{"rendered":"https:\/\/www.edristi.in\/?p=6275"},"modified":"2015-11-19T06:49:40","modified_gmt":"2015-11-19T06:49:40","slug":"rbi-issued-uniform-guidelines-on-internet-banking-for-cooperative-banks","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/rbi-issued-uniform-guidelines-on-internet-banking-for-cooperative-banks\/","title":{"rendered":"RBI issued Uniform Guidelines on Internet Banking for Cooperative Banks"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question: Recently RBI issued Uniform Guidelines for Cooperative banks on-\u00a0 <\/strong><\/p>\n<p style=\"text-align: justify;\">(a) Provision for loans<br \/>\n(b) Internet Banking<br \/>\n(c) Industrial Development<br \/>\n(d) To provide high interest rate<\/p>\n<p style=\"text-align: justify;\"><strong>Ans (b)<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Related facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On 5 November 2015 RBI issued uniform guidelines on internet banking for Cooperative Banks.<\/li>\n<li>These guidelines are for all licensed cooperative banks including Urban Cooperative Banks (UCBs), State Cooperative Banks (StCBs) and Districts Co-operative Banks (DCBs).<\/li>\n<li>These guidelines relate to Internet Banking (View Only) facility and Internet Banking with Transaction facility.<\/li>\n<li>According to new guidelines all licensed StCBs, DCCBs and UCBs which have implemented Core Banking Solution (CBS) and migrated to Internet Protocol Version 6 (IPv6) may offer Internet Banking (View only) facility to their customers, without prior approval of RBI.<\/li>\n<li>In case, any service offered under \u2018view only\u2019 facility requires two-factor authentication or One Time Password (OTP), banks may adopt the security features related to internet banking as prescribed by RBI, as appropriate to such services.<\/li>\n<li>The cooperative banks providing above services should ensure that the facility is strictly for non-transactional services such as balance enquiry, balance viewing, account statement download, request for supply of cheque books, etc.<\/li>\n<li>All license holders Cooperative banks providing\u00a0 Internet banking\u00a0 with the transactions facility should be in a position to meet the following criteria:<\/li>\n<li>(Credit to Risk Adequacy Ratio) CRAR of not less than 10 per cent.<\/li>\n<li>Net worth is Rs. 50 crore or more as on March 31 of the immediate preceding financial year.<\/li>\n<li>Gross Non-Performing Assets (NPAs) less than 7 % and Net NPAs not more than 3%.<\/li>\n<li>The bank should have made a net profit in the immediate preceding financial year and overall, should have made net profit at least in three out of the preceding four financial years.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Reference:<\/strong><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/rbi.org.in\/Scripts\/NotificationUser.aspx?Id=10111&amp;Mode=0\">https:\/\/rbi.org.in\/Scripts\/NotificationUser.aspx?Id=10111&amp;Mode=0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Recently RBI issued Uniform Guidelines for Cooperative banks on-\u00a0 (a) Provision for loans (b) Internet Banking (c) Industrial Development (d) To provide high interest rate Ans (b) Related facts: On 5 November 2015 RBI issued uniform guidelines on internet banking for Cooperative Banks. These guidelines are for all licensed cooperative banks including Urban Cooperative [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[],"class_list":["post-6275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/6275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=6275"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/6275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/6223"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=6275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=6275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=6275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}