RBI Clears Bank Deposit Details for Consolidated Statements The Reserve Bank of India has allowed SEBI-regulated depositories to show bank deposit details in consolidate...
The Reserve Bank of India has allowed SEBI-regulated depositories to show bank deposit details in consolidated account statements.
The permission enables these depositories to include information on bank deposits within consolidated account statements. The measure links bank deposit details with statements issued through depositories regulated by the Securities and Exchange Board of India.
The available information does not provide further details on the implementation process, the format of the statements or any additional requirements for account holders. It confirms only that the RBI has permitted the inclusion of bank deposit details in consolidated account statements.
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