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RBI extends deadline for banks’ compliance with new guidelines for existing current accounts

RBI extends deadline for banks’ compliance with new guidelines for existing current accounts

Finance
KOLKATA: The Reserve Bank of India has given more time to banks to comply with the revised current account opening norms to ease their operational glitches. The regulator changed the rules to prevent the misuse of the current account facility and fund duversions. The new deadline is December 15 instead of November 5. RBI suggested that banks should not route drawal from term loans through current accounts. Since term loans are meant for specific purposes, the funds should be remitted directly to the supplier of goods and services. The regulator also barred banks from opening current accounts for customers who have availed credit facilities in the form of cash credit (CC)/ overdraft (OD) from the banking system. It suggested that all such transactions shall be routed through the CC/OD acco...

Transfer deadline day news LIVE: Manchester United announce Cavani, Telles and Amad Diallo signings, Partey in England to complete Arsenal move, West Ham release Jack Wilshere, Walcott completes Southampton return

Sports
[unable to retrieve full-text content]It’s deadline day and we’ll be bringing you all the latest transfer news and gossip, right up to the 11pm deadline. Follow talkSPORT on air for the latest, and keep up to date with all the headlines in our live blog below… TODAY’S HEADLINES: Manchester United complete signing of Edinson Cavani, who scored more goals […] talkSPORT
Manchester United transfer news LIVE: Solskjaer coy on plans before deadline but Sancho ‘wants deal done’, Neville blasts ‘appalling’ transfer business

Manchester United transfer news LIVE: Solskjaer coy on plans before deadline but Sancho ‘wants deal done’, Neville blasts ‘appalling’ transfer business

Sports
Manchester United have kicked off their Premier League campaign but are still looking to strengthen their squad before the October 5 transfer deadline. The club have secured just one deal so far in this transfer window – signing midfielder Donny van de Beek from Ajax for £40million. Borussia Dortmund star Jadon Sancho has been their top target all summer but Borussia Dortmund have played hardball over his fee, and it looks like he’ll be staying where he is. Alex Telles could be incoming before the deadline, though, from Porto, while Ousmane Dembele of Barcelona is among a host of attackers being linked with a move to Old Trafford, as an alternative to Sancho. Keep up to date with all the latest Manchester United news and transfer gossip below… Let's block ads! (Why?) talkSPORT...
Arsenal news live: Gunners beaten by Liverpool, Lyon president sets deadline to sign Aouar, Partey latest

Arsenal news live: Gunners beaten by Liverpool, Lyon president sets deadline to sign Aouar, Partey latest

Sports
Arsenal have got off to a brilliant start in the Premier League – winning both their opening two ganes. But boss Mikel Arteta is still working hard to strengthen his squad, with work to do to close the gap on the top clubs in the league. So far, the Gunners have moved to make two big signings – bringing in forward Willian from Chelsea and defender Gabriel from Lille. More deals are expected to follow, though, with Houssem Aouar and Thomas Partey rumoured to be Arteta’s top targets and you can keep up to date with all the latest Arsenal news and gossip below… Let's block ads! (Why?) talkSPORT

Tuition refund deadline approaches at many colleges — here’s what happens next

Finance
The possibility of more campus closures has sparked a sudden interest in withdrawing from college before it's too late."All of us are counting down to the tuition deadline," said Carla Voight, 20, a junior at the University of Michigan in Ann Arbor, referring to the last day students are eligible for some reimbursement if they leave school.She worries that after that point, her classmates will be hard-pressed to get any money back, even if the campus closes and they are sent home. Depending on when a student withdraws during a semester, a school's refund policy may reimburse a significant amount — specifically, if it's within the first month or so of the semester, although it varies by school.More from Personal Finance:Students argue distance learning should cost lessColleges pass Cov...