Business Correspondent definition

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.
Business Correspondent or “BC” shall mean VMPL and wherever applicable, shall include Agents.
Business Correspondent means Company engaged by Xxxxx for carrying out banking/financial services as defined by RBI from time to time.

Examples of Business Correspondent in a sentence

  • Notwithstanding above, the decision of the Bank shall be final and binding on the Corporate Business Correspondent (CBC).

  • The Corporate Business Correspondent (CBC) will provide the following services.

  • Unless otherwise directed by the Bank, the Corporate Business Correspondent (CBC) shall continue to perform/render/discharge other obligations as far as they can reasonably be attended/fulfilled and shall seek all reasonable alternative means for performance affected by the Event of Force Majeure.

  • Implementation of the Bhamashah Scheme is envisaged on Aadhaar platform which shall enable direct benefits transfer in the account of beneficiary using Aadhaar Payment Bridge System (APBS) and provide banking facility at the doorstep of the residents in remote areas using Aadhaar Enabled Payment System also known as Business Correspondent Model and works on Biometric Authentication of Aadhaar.

  • The Corporate Business Correspondent (CBC) or the Bank shall not be liable for default or non-performance of the obligations under the contract, if such default or non-performance of the obligations under this contract is caused by any reason or circumstances or occurrences beyond the control of the Corporate Business Correspondent (CBC) or the bank, i.e.

  • Fixed Charges to be paid to the Corporate Business Correspondent (CBC) For the activities mentioned in Column 1 below, Corporate Business Correspondent (CBC) will be paid remuneration at the following rates.

  • If the duration of delay continues beyond a period of 180 days, the Bank and the Corporate Business Correspondent (CBC) shall hold consultations with each other in an endeavor to find a solution to the problem.

  • Ltd., (in short MBUSE) a Company appointed as authorized Business Correspondent (BC) of State Bank of India and having BC Code No. 32260000 hereinafter referred to as the KO which expression shall unless repugnant to the context or meaning thereof shall include his/her successors and permitted assigns of the First Part AND Mr./Mrs./Ms. ..................................

  • The Corporate Business Correspondent (CBC) shall not assign or transfer all or any of its rights, benefits or obligations under this Agreement without the approval of the Bank.

  • In case the defects are not rectified, the concerned bank would be authorized to terminate the contract with the Corporate Business Correspondent (CBC).


More Definitions of Business Correspondent

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 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 Modified by RBI / any other competent authority / statutory or regulatory body/ies from time to time.
Business Correspondent or “BC” shall mean MMP Mobi Wallet Payment Systems Pvt. Ltd.
Business Correspondent means Company engaged by Banks for carrying out banking/financial services as defined by RBI from time to time.
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.

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.

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

  • Personal care services means both physical assis- tance and/or prompting and supervising the performance of direct personal care tasks as determined by the resident's needs and does not include assistance with tasks performed by a licensed health professional.

  • 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. (C) The term "Managerial Responsibilities" for purposes of this Unit Agreement shall mean managerial and supervisory responsibilities and duties that are substantially the same as that Grantee is performing for SunTrust or a SunTrust Affiliate on the date of this Unit Agreement. (D) The term "SunTrust Affiliate" for purposes of this Unit Agreement shall mean any corporation which is a subsidiary corporation (within the meaning of §424(f) of the Code) of SunTrust except a corporation which has subsidiary corporation status under §424(f) of the Code exclusively as a result of SunTrust or a SunTrust Affiliate holding stock in such corporation as a fiduciary with respect to any trust, estate, conservatorship, guardianship or agency. (E) The term "Territory" for purposes of this Unit Agreement shall mean the states of Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia, which are the states and Territories in which SunTrust has significant operations on the date of this Unit Agreement. (F) "Trade Secret" for purposes of Unit Agreement shall mean information, including, but not limited to, technical or nontechnical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans, or a list of actual or potential customers or suppliers that: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from it is disclosure or use, and (ii) is the subject of reasonable efforts by SunTrust or a SunTrust Affiliate to maintain its secrecy.

  • 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 vertical means a distinguishable component of an enterprise that is engaged in the supply of individual goods or services or a group of related goods or services which is subject to risks and returns that are different from those of the other business verticals.

  • 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).

  • Religious organization means a church, ecclesiastical corporation, or group, not organized for pecuniary profit, that gathers for mutual support and edification in piety or worship of a supreme deity.

  • Health care organization ’ means any person or en-

  • 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 a nonprofit organization that has a demonstrated capacity to train, develop, and organize parents and community leaders into a constituency that will hold the school and the school district accountable for achieving high academic standards; in addition to organizations with a geographic focus, "community organization" includes general parent organizations, organizations of special education or bilingual education parents, and school employee unions (Section 10 of the Act).

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