DFS

Banks need ‘OFAC’ cell created in DFS to take care of sanctions associated advisories

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Banks have requested the Division of Monetary Providers (DFS) to create an ‘Workplace of Overseas Property Management (OFAC)’ cell within the Division to take care of particular person advisories obtained by them from US OFAC. The advisories from OFAC, US Embassy, New Delhi, to Indian Banks normally relate to sanctions imposed by the US in … Read more

SBI-led six-member committee on co-lending to concentrate on boosting MSME credit score

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The Division of Monetary Companies (DFS) is within the means of organising a committee on co-lending with State Financial institution of India on the helm. The target of the committee is to handle points associated to co-lending, boosting MSME credit score and curbing a number of the accelerated development in client loans. “Finance Ministry has … Read more