"A couple of instances of some banks crediting fund flow from one of the foreign donor agencies...Without obtaining prior permission of the Ministry (MHA), have been noticed, which is a matter of serious concern," the RBI said in a communication to co-operative banks.
The RBI asked them "to ensure meticulous compliance to the directions issued by the Government".
As per the rules of the Ministry of Home Affairs (MHA), a list of 10 donor agencies have been put under "prior permission category" before fund can be transfered from them to individuals, NGO or organisations in India.
The donor agencies place under the "prior permission category" are: Danish International Development Agency (DANIDA); Danish Institute of Human Rights (DIHR); Catholic Organization for Relied and Development Aid (CORDAID); Dan Church Aid (DCA); and Mercy Corps, USA.
The other five are Inter Church Peace Council Pax Christi (IKV- PC), Netherlands; HIVOS, Netherlands; ICCO Stretegische Samenwerking (ICCO), Netherlands; Green Peace International; and Climate Work Foundation (CWF), US.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
