Circular 27/2024/TT-NHNN stipulating vtv5 trực tiếp bóng đá hôm nay cooperative bank, vtv5 trực tiếp bóng đá hôm nay deduction, management, and use of vtv5 trực tiếp bóng đá hôm nay System Safety Guarantee Fund of vtv5 trực tiếp bóng đá hôm nay People's Credit Fund
Circular 27/2024/TT-NHNN on regulations concerning cooperative banks, vtv5 trực tiếp bóng đá hôm nay contribution, management, and use of vtv5 trực tiếp bóng đá hôm nay People's Credit Fund System Safety Guarantee Fund
On June 28, 2024, vtv5 trực tiếp bóng đá hôm nay Governor of vtv5 trực tiếp bóng đá hôm nay State Bank of Vietnam issued Circular 27/2024/TT-NHNN on regulations concerning cooperative banks, vtv5 trực tiếp bóng đá hôm nay contribution, management, and use of vtv5 trực tiếp bóng đá hôm nay People's Credit Fund System Safety Guarantee Fund.
Circular 27/2024/TT-NHNN applies to vtv5 trực tiếp bóng đá hôm nay following subjects:
- Cooperative banks
- People's credit funds
- Organizations and individuals related to Licenses; organization, management, operation of cooperative banks and vtv5 trực tiếp bóng đá hôm nay contribution, management, and use of vtv5 trực tiếp bóng đá hôm nay People's Credit Fund System Safety Guarantee Fund.
Circular 27/2024/TT-NHNN takes effect from July 1, 2024, and simultaneously repeals vtv5 trực tiếp bóng đá hôm nay following regulations:
- Circular 31/2012/TT-NHNN on regulations concerning cooperative banks
- Circular 09/2016/TT-NHNN amending Circular 31/2012/TT-NHNN on regulations concerning cooperative banks
- Circular 03/2014/TT-NHNN on regulations concerning vtv5 trực tiếp bóng đá hôm nay People's Credit Fund System Safety Guarantee Fund
- Article 1; Article 5 of Circular 21/2019/TT-NHNN amending Circular on regulations concerning cooperative banks, people's credit funds, and vtv5 trực tiếp bóng đá hôm nay People's Credit Fund System Safety Guarantee Fund
- Article 1 of Circular 24/2023/TT-NHNN amending vtv5 trực tiếp bóng đá hôm nay Circulars related to submission, presentation, and provision of information, documents on population when carrying out administrative procedures in vtv5 trực tiếp bóng đá hôm nay field of establishment and operation of banks
- Article 2 of Circular 21/2023/TT-NHNN amending vtv5 trực tiếp bóng đá hôm nay Circular related to business activities under vtv5 trực tiếp bóng đá hôm nay management scope
Circular 27/2024/TT-NHNN on regulations concerning cooperative banks, vtv5 trực tiếp bóng đá hôm nay contribution, management, and use of vtv5 trực tiếp bóng đá hôm nay People's Credit Fund System Safety Guarantee Fund (Image from vtv5 trực tiếp bóng đá hôm nay Internet)
What activities do People's Credit Funds undertake from July 1, 2024?
Based on Article 17 of Circular 27/2024/TT-NHNN, which specifies activities for member people's credit funds:
Activities for member people's credit funds
- Accept capital balancing deposits, provide capital balancing loans for member people's credit funds according to vtv5 trực tiếp bóng đá hôm nay Capital Balancing Regulation. vtv5 trực tiếp bóng đá hôm nay establishment and content of vtv5 trực tiếp bóng đá hôm nay Capital Balancing Regulation must ensure vtv5 trực tiếp bóng đá hôm nay following principles:
a) Member people's credit funds make non-term deposits, term deposits at cooperative banks to balance capital. In case of early withdrawal, vtv5 trực tiếp bóng đá hôm nay people's credit fund must notify vtv5 trực tiếp bóng đá hôm nay cooperative bank in advance;
b) Member people's credit funds can receive capital balancing loans from cooperative banks when in need of capital to expand credit;
c) vtv5 trực tiếp bóng đá hôm nay deposit interest rate mechanism ensures support, and vtv5 trực tiếp bóng đá hôm nay capital balancing loan interest rate must be clear and transparent, not driven by profit motives, and have a link between vtv5 trực tiếp bóng đá hôm nay cooperative bank and vtv5 trực tiếp bóng đá hôm nay member people's credit funds;
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Thus, from July 1, 2024, people's credit funds have vtv5 trực tiếp bóng đá hôm nay following activities:
- Accept capital balancing deposits, provide capital balancing loans for member people's credit funds according to vtv5 trực tiếp bóng đá hôm nay Capital Balancing Regulation
- Open payment accounts, provide payment instruments for member people's credit funds.
- Provide loans to member people's credit funds to address temporary liquidity difficulties.
- Develop, support, and apply new products and services in vtv5 trực tiếp bóng đá hôm nay operations of member people's credit funds to meet vtv5 trực tiếp bóng đá hôm nay needs of people's credit fund members and serve community development benefits in vtv5 trực tiếp bóng đá hôm nay area.
- Inspect and supervise people's credit funds as required by vtv5 trực tiếp bóng đá hôm nay State Bank.
- Perform internal audits for member people's credit funds.
- Assign personnel to hold vtv5 trực tiếp bóng đá hôm nay positions of Chairman of vtv5 trực tiếp bóng đá hôm nay Board of Directors, Director, and Deputy Director of vtv5 trực tiếp bóng đá hôm nay people's credit fund under early intervention or under special control when required by vtv5 trực tiếp bóng đá hôm nay State Bank branch in vtv5 trực tiếp bóng đá hôm nay province/city where vtv5 trực tiếp bóng đá hôm nay people's credit fund is located.
- Issue and publish vtv5 trực tiếp bóng đá hôm nay sample of blank savings books and provide blank savings books to people's credit funds to accept savings deposits from customers.
- Other activities specified in Article 21 of Circular 27/2024/TT-NHNN.
What is vtv5 trực tiếp bóng đá hôm nay maximum duration of operation recorded in vtv5 trực tiếp bóng đá hôm nay License for a cooperative bank?
Pursuant to Article 5 of Circular 27/2024/TT-NHNN regulating vtv5 trực tiếp bóng đá hôm nay duration of operation and vtv5 trực tiếp bóng đá hôm nay operational scope:
Duration of operation, scope of operation
vtv5 trực tiếp bóng đá hôm nay duration of operation of a cooperative bank recorded in vtv5 trực tiếp bóng đá hôm nay Establishment and Operation License (hereinafter referred to as vtv5 trực tiếp bóng đá hôm nay License) is a maximum of 99 years.
vtv5 trực tiếp bóng đá hôm nay operational scope of a cooperative bank: within vtv5 trực tiếp bóng đá hôm nay territory of Vietnam.
Thus, vtv5 trực tiếp bóng đá hôm nay maximum duration of operation of a cooperative bank recorded in vtv5 trực tiếp bóng đá hôm nay License is 99 years.
