Further, the consultative approach is sought to be extended to the liquidation stage to facilitate early lodging and settlement of insurance claims. Arsing out of the comfort of coordinated supervision/regulation of banks in the states that have signed the MOU, certain facilities have been extended to the banks in such states.
Requests from eligible banks in such states for additional business opportunities, like setting up currency Chests, selling mutual funds, providing forex services, opening of new ATMs etc. are also considered.