Module: General Practice
Q37: What is the mandated timeframe for the Lead District Manager (LDM) to convene quarterly District Consultative Committee (DCC) meetings following the end of a quarter?
✅ Correct Answer: D
The correct answer is within 60 days.
The Lead District Manager has to make a meeting schedule for the whole year by January 15th every year.
Reminders to send in data must go out 15 days before the quarter ends.
The meeting papers are given out 20 days after the quarter ends.
The notes from the meeting must be sent out within 10 days of having the meeting.
If the bank District Co-Ordinators keep missing the meetings, this problem must be reported up to the Regional Office of the Reserve Bank of India.
The Lead District Manager has to make a meeting schedule for the whole year by January 15th every year.
Reminders to send in data must go out 15 days before the quarter ends.
The meeting papers are given out 20 days after the quarter ends.
The notes from the meeting must be sent out within 10 days of having the meeting.
If the bank District Co-Ordinators keep missing the meetings, this problem must be reported up to the Regional Office of the Reserve Bank of India.
🧠 Real-World Scenario:
Imagine the financial quarter ends on September 30th. Suddenly, some banks say they need 3 months to compile their district lending data.
According to the rules, they can be reported to the RBI, because the LDM is legally forced to hold the DCC meeting within 60 days (by end of November). This means banks must submit their data fast or face strict regulatory action.