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References in periodicals archive ?
The Bank of Punjab is a scheduled commercial Bank and operates in line with the prevalent regulatory requirements under the supervision of regulatory bodies.
A promoter or promoter Group can also have a joint venture with an existing scheduled commercial bank to set up a payments bank.
Offers should meet the following mandatory obligations including (a) the software should be currently running in at least one scheduled (registered) commercial bank and one scheduled cooperative bank in Egypt or the Arab Region, (b) software should have been successfully implemented and running currently in at least 10 branches in a single scheduled commercial bank in Egypt or the Arab Region, (c) bidding company should have either CMM Level 5 or ISO 9000 for software development having current validity, (d) bidding company should have a support center in Cairo for core banking application software, also (e) bidding company should be in the IT industry for at least 10 years.
SBL has obtained licence as a scheduled commercial bank for providing general banking and financial services.
However, the system-driven disclosure under the SAST regulations would not be "applied to a scheduled commercial bank or public financial institution as pledgee irrespective of whether such a pledge is for securing indebtedness in the ordinary course of business or not".
The Chief Guest told the officers and executives, who were present in inauguration ceremony, that it is the top priority of the Government to make this Bank Scheduled Commercial Bank.
First Women Bank Limited is a unique financial institution, a scheduled commercial bank, set up in 1989 by the then Prime Minister Benazir Bhutto, who wanted a bank that would meet the banking needs of women.
IDFC Bank has announced a 'soft launch' at 23 locations, including 15 branches in rural Madhya Pradesh, becoming the 91st scheduled commercial bank in the country, according to a recent report by the Press Trust of India.
The bank has now become the 91st scheduled commercial bank in the country.
Ms Tahira Raza President and CEO of FWBL in an interactive session with media said that her bank is a unique financial institution and commercial bank of its kind in the world which was established in 1989 as a scheduled commercial bank under the companies Ordinance 1984 as a joint venture of five largest commercial Banks and government of Pakistan.
The central bank said that only companies incorporated in India would be eligible to issue pre-paid cards, and their escrow balance must be maintained with only one scheduled commercial bank. Pre-paid payment instruments facilitate purchase of goods and services, including funds transfer, against the value stored on such instruments.
Summary: New Delhi [India], Nov 2 (ANI): AU Small Finance Bank today received approval from Reserved Bank of India (RBI) to operate as Scheduled Commercial Bank. AU Small Finance Bank's name has now been included in the Second Schedule of Reserve Bank of India Act, 1934.