Business Correspondent definition

Business Correspondent or “BC” shall mean the business correspondent appointed by ICICI Bank as per the guidelines issued by RBI in this regard, for providing certain services detailed in the Business Correspondent agreement, to the customers of Mobile Money.
Business Correspondent or “BC” shall mean and include inter alia, Corporate entities, non-governmental organizations, micro finance institutions set up under Societies/ Trust Acts, societies registered under Mutually Aided Cooperative Societies Acts or the Cooperative Societies Acts of States, section 25 companies, registered non-banking financial companies not accepting public deposits and post offices and/ or such other entities permitted by the Reserve Bank of India from time to time.
Business Correspondent or “BC” shall mean VMPL and wherever applicable, shall include Agents.

Examples of Business Correspondent in a sentence

  • It shall be the sole responsibility of the Business Correspondent to comply with all statutory and regulatory provisions while delivering the services mentioned in this RFP.

  • Each DG will have an HR Business Correspondent, responsible for defining HR strategy and taking HR decisions, in consultation with the management of the DG, as well as ensuring that the DG gets the HR service it needs, in cooperation with the AMC.

  • The Company also offered non-technical courses like Business Correspondent and Business Facilitator (BCBF), Retail, and Sewing and Tailoring to over 249 students across centres.

  • A Memorandum of Understanding (MoU) has been entered with CSC-SPV India Limited, a Special Purpose Vehicle (SPV) formed under the Department of Information Technology, Government of India, which has already prepared a rich basket of the B2C Services for delivery through the CSCs. These services include the arrangements for the CSC to be recognized as a Bank Correspondent (i.e. Business Correspondent as per RBI approved norms), Insurance Agent etc.

  • A Business Correspondent shall not be appointed in the village where our branch is located.

  • The introduction of Business Correspondent (BC) model is considered an important milestone in our country’s financial inclusion strategy.

  • Through YES LEAP, the bank has reached out toover 1.8 million households spread across 260 districts in 19 states.YES MONEY had over 44,000 Business Correspondent Agents enrolled through 27 Business Correspondents serving over 4 million customers.

  • Business Correspondent (BC) has been introduced in the banking sector with this end in mind.

  • We have to ensure that the Business Correspondent meets the benchmark performance standards at all stages of delivery of services, and should not dilute Bank’s values and principles, control mechanisms, business processes or goodwill and reputation.

  • As per Point No.3.1 of above guidelines Banking Outlet defined as under: A ‘Banking Outlet’ for a Domestic Scheduled Commercial Bank (DSCB), a Small Finance Bank (SFB) and a Payment Bank (PB) is a fixed point service delivery unit, manned by either bank’s staff or its Business Correspondent where services of acceptance of deposits, encashment of cheques / cash withdrawal or lending of money are provided for a minimum of 4 hours per day for at least five days a week.


More Definitions of Business Correspondent

Business Correspondent means Company engaged by Xxxxx for carrying out banking/financial services as defined by RBI from time to time.
Business Correspondent or “BC” shall mean MMP Mobi Wallet Payment Systems Pvt. Ltd.
Business Correspondent in general shall mean an entity so approved by the Bank, under the guidelines issued by the Reserve Bank of India (RBI) under its circular number RBI/2005-06/288 DBOD. No. BL.BC. 58/22.01.001/2005-2006 dated January 25, 2006 as
Business Correspondent. (BC) means any person/entity who is eligible to act as BC for the bank under the terms hereof for providing services described in the RFP.

Related to Business Correspondent

  • Business organization means an individual, partnership, association, joint stock company, trust, corporation or other legal business entity or successor thereof.

  • Procurement organization means an eye bank, organ procurement organization, or tissue bank.

  • Business Corporations Act means the Business Corporations Act (British Columbia) from time to time in force and all amendments thereto and includes all regulations and amendments thereto made pursuant to that Act;

  • Business Case means the written reasoning behind the initiation of a Procurement Project, prepared in the form set out in Part 1 of the Procurement Project Plan at Appendix A of the Procurement Project Planning Protocol.

  • Organ procurement organization means a person designated by the Secretary of the United States Department of Health and Human Services as an organ procurement organization.

  • Business Centre means each of the places so specified in the relevant Pricing Supplement.

  • Credit union service organization means an organization, corporation, or association whose membership or ownership is primarily confined or restricted to credit unions or organizations of credit unions and whose purpose is primarily designed to provide services to credit unions, organizations of credit unions, or credit union members.

  • Home health care services means medical and nonmedical services, provided to ill, disabled or infirm persons in their residences. Such services may include homemaker services, assistance with activities of daily living and respite care services.

  • Coordinated care organization means an organization meeting criteria adopted by the

  • Commercial Mobile Radio Services (CMRS) means Commercial Mobile Radio Service, As Defined in the Act and FCC rules.

  • Financial Services Business for purposes of this Unit Agreement shall mean the business of banking, including deposit, credit, trust and investment services, mortgage banking, asset management, and brokerage and investment banking services.

  • Consumer customer means anyone acting outside their trade or profession in respect of the insurance cover requested or arranged.

  • Home health aide services means the personal care and maintenance activities provided to individuals for the purpose of promoting normal standards of health and hygiene.

  • Regional economic integration organization means an organization constituted by sovereign States of a given region to which its member States have transferred competence in respect of matters governed by this Convention and which has been duly authorized, in accordance with its internal procedures, to sign, ratify, accept, approve or accede to this Convention;

  • Child welfare services means social services including

  • Business Customer means a customer who is not a residential customer.

  • business name or "trade name" means the name of a licensed business as used by the licensee on signs and advertising.

  • Consumer fireworks means fireworks devices that are designed to produce visible effects by combustion, that are required to comply with the construction, chemical composition, and labeling regulations promulgated by the United States consumer product safety commission under 16 CFR parts 1500 and 1507, and that are listed in APA standard 87-1, 3.1.2, 3.1.3, or 3.5. Consumer fireworks does not include low-impact fireworks.

  • Alliance means the Public Service Alliance of Canada;

  • Managed Care Organization (MCO) means a contracted health delivery system providing capitated or prepaid health services, also known as a Prepaid Health Plan (PHP). An MCO is responsible for providing, arranging, and making reimbursement arrangements for covered services as governed by state and federal law. An MCO may be a Chemical Dependency Organization (CDO), Dental Care Organization (DCO), Mental Health Organization (MHO), or Physician Care Organization (PCO).

  • Plain Old Telephone Service (POTS) means telephone service for the transmission of human speech.

  • Student organization means a group, club or organization having students as its primary members or participants. It includes grade levels, classes, teams, activities or particular school events. A student organization does not have to be an official school organization to come within the terms of this definition.

  • Electric Reliability Organization or “ERO” means the organization that is certified by the Commission under Section 39.3 of its regulations, the purpose of which is to establish and enforce Reliability Standards for the Bulk Power System in the United States, subject to Commission review. The organization may also have received recognition by Applicable Governmental Authorities in Canada and Mexico to establish and enforce Reliability Standards for the Bulk Power Systems of the respective countries.

  • Community organization means an organization that provides

  • Consumer Contract means an agreement between the Retailer and the Consumer that includes the supply of electricity and distribution services;

  • Essential community provider or “ECP” means a provider that: