Uti form for updating of bank details
All of us need cash to take care of our daily expenses (groceries, provisions etc.) as well as to deal with any medical emergencies.
But at the same time, we don’t want the cash to be lying idle or blocked.
✓ Individual Deposit/ Joint Deposit / Deposit in the name of Minors can be made ✓ Interest Rates = 8.20% p.a For more than 150 years, the Department of Posts (Do P) has been the backbone of the country’s communication and has played a crucial role in the country’s socio-economic development.
It touches the lives of Indian citizens in many ways: delivering mails, accepting deposits under Small Savings Schemes, providing life insurance cover under Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) and providing retail services like bill collection, sale of forms, etc.
Mutual Fund schemes in this category are positioned with an objective to produce “market-linked” returns over a period of time.
Invest into Equity Funds, Gold Funds and Hybrid / Balanced Funds which are positioned to help you create wealth and generate returns.
We thus have a host of services that will both guide you and complete your learning to make you a sound investor. Recovery of Bank Dues through Debt Recovery Tribunals 30. (v) Term of office of directors (vi) Local Board of State Bank (vii) Establishment of new local head office (viii) Nomination to the post of President and Vice-President of Local Board (ix) Term of office of members of Local Board (x) Powers of the Local Board (xi) Local Committees (xii) Disqualifications for director-ship of Central Board or membership of Local Board or Committees (xiii) Restrictions on directorship of Central Board etc. (xv) Casual vacancies in the Central Board, Local Board or Committee (xvi) Remuneration of directors (xvii) Powers and Remuneration of Chairman, Vice-Chairman, Managing Director (xviii) Meetings of the Central Board of State Bank (xix) Interested director to disclose his interest in the meeting (xx) Meeting of the Board may be presided by director, in the absence of Chairman or Vice Chairman (xxi) Meeting of Local Boards (xxii) Interested member to disclose his interest in the meeting (xxiii) Business which may be transacted by State Bank of India (xxiv) Employees of the acquired banking institution (xxv) Central Government may appoint a person to take over the business of banking institution (xxvi) Central Government to order dissolution of banking institution (xxvii) Integration and Development Fund (i) Shareholding of the subsidiary banks (ii) Restrictions on share-holdings of subsidiary bank of State Bank (iii) Management of subsidiary banks (iv) Composition of the Board of Directors of subsidiary bank (v) Term of Office of directors (vi) Disqualification for directorship (vii) Restrictions on directorship of Subsidiary Bank (viii) Vacation of Office of directors etc. Chairman and certain directors not to be required to hold qualification shares 18. Non-Performing Assets, Prudential Norms on Income Recognition, Asset Classification and Provisioning 29. (ix) Penalty for not maintaining prescribed SLR (x) Payment of penalty by banking company (xi) Power of RBI to waive the penalty or penal interest payable by the defaulting bank (i) Offices of State Bank (ii) Management of the State Bank of India (iii) Composition of the Central Board (iv) Term of office of Chairman, Managing Director etc. Use of words "bank", "banker", "banking", or "banking company" 11. Banking company to be managed by whole-time Chairman. Power of Reserve Bank to appoint Chairman of the Board of Directors appointed on a whole-time basis or a Managing Director of a banking company 17. Laws Relating to Securities and Modes of Charging 18. Foreign Exchange Management Act, Export/Import Business and Obligations of Banks 24. (xi) Managing Director (xii) Powers, functions and duties of Managing Director of subsidiary bank (xiii) Removal of Managing Director (xiv) Meetings of the Board of Directors (xv) Interested Director to disclose his interest in the meeting (xvi) Executive Committee and other committees (xvii) Business which can be transacted by the subsidiary banks (a) To act as agent of the State Bank of India (b) To act as agent of the Reserve Bank (c) To do banking business (d) To do other forms of business as authorised by the Central Government (e) May acquire the business of other banks (xviii) Employees of the acquired banking institution (xix) Central Government may appoint a person to take over the business of banking institution (xx) Central Government to order dissolution of banking institution (xxi) Accounts and audit of subsidiary bank (i) Establishment of nationalised banks (ii) Issue of capital of nationalised banks to public (iii) Business to be transacted by the nationalised bank (iv) Scheme to be made by the Central Government (v) Management of the nationalised banks (vi) Power of Reserve Bank to appoint additional director (vii) Disqualification of directors (viii) Removal of elected director by Reserve Bank (ix) Supersession of Board in certain cases (x) Vacation of office of directors (xi) Chairman of nationalised bank (xii) Managing Director of nationalised bank (xiii) Same person may hold office as Chairman and Managing Director (xiv) Term of office and remuneration of whole time director including Managing Director (xv) Termination of term of office of whole time director including Managing Director (xvi) Vacation of office of whole-time director including Managing Director (xvii) Removal of whole-time director including Managing Director (xviii) Term of office of other directors (xix) Meetings of the Board of directors of nationalised bank (xx) Interested director to disclose interest before meeting (xxi) Management Committee of the Board (xxii) Powers of Management Committee (xxiii) Meetings of Management Committee (xxiv) Passing of resolution by Management Committee (xxv) Advisory Committees (xxvi) Regional Consultative Committee for Nationalised Banks 2. Act to apply to co-operative societies in certain cases 6. Regulation of paid-up capital, subscribed capital and authorized capital and voting rights of shareholders 21. Restriction on commission, brokerage, discount etc. Export Financing and Guarantee Cover provided by ECGC 23. (ix) Casual vacancies among directors (x) Removal from the office of Directors etc. Provisions of Sections 10-A and 10-B to override all other laws, contracts etc. Requirements as to minimum paid-up capital and reserves 20.