INFORMATION RELATED TO BO.II SECTION

SUBJECTS ALLOTTED TO BO.II SECTION

A brief of work allocated to BO.II Section, inter-alia, includes

  • Know Your Customer (KYC); Anti Money Laundering (AML); Combating Financing of Terrorism (CFT); and Financial Action Task Force (FATF).
  • All Acts and Laws relating to commercial banks (excluding those specially allotted to other sections) amended from time to time, as per the requirement.
  • Banking sector reforms – All policy matters related to Banking operations such as licensing, amalgamation, reconstruction, moratorium funds and acquisition of banks

  • Non-Banking Financial Companies (NBFCs); Asset Restructuring Companies (ARCs); and Chit Fund / Nidhi Companies.
  • Mater relating to Appellate Authority on NBFCs
  • Deposit Insurance and Credit Guarantee Corporation (DICGC), Local Area Banks policy matters
  • Operationalisation of Central KYC Registry;
  • showcasing of Cash-NEFT;
  • Security clearance to establishment / shifting of currency chests by banks within 80 kms of International border.
  • India’s bilateral banking issues; G20, SAARC, WTO-GATS, IMF Common Wealth related multi-lateral issues; International Co-operation in Joint Investment Funds; overseas branches of Indian banks; operations of foreign banks in India;
  • Inter-Departmental Committee (IDC) proposals for setting of branches of foreign banks in India and branches of India Banks abroad;
  • Affairs / staff matters of the Office of the Court Liquidator at Kolkata