Financial Inclusion and Development

RRBs - IT enabled Financial Inclusion

RBI/2006-2007/406RPCD. CO. RRB. BC. No.97 /03.05.33(F)/2006-07May 21, 2007The ChairmenAll Regional Rural BanksDear Sir,Annual Policy Statement for the year 2007- 08 –IT-enabled Financial InclusionPlease refer to the paragraph 163 of the Annual Policy Statement for the year 2007-08, a copy of which is enclosed.2. As per our Circular RPCD.CO.No.RRB.BC.58/03.05.33(F)/2005-06 dated December 27, 2005 the RRBs have made available a basic banking 'no-frills' account so as to

RBI/2006-2007/406RPCD. CO. RRB. BC. No.97 /03.05.33(F)/2006-07May 21, 2007The ChairmenAll Regional Rural BanksDear Sir,Annual Policy Statement for the year 2007- 08 –IT-enabled Financial InclusionPlease refer to the paragraph 163 of the Annual Policy Statement for the year 2007-08, a copy of which is enclosed.2. As per our Circular RPCD.CO.No.RRB.BC.58/03.05.33(F)/2005-06 dated December 27, 2005 the RRBs have made available a basic banking 'no-frills' account so as to

RRBs - IT enabled Financial Inclusion

RRBs - Wire Transfers

RBI/2006-2007/407 RPCD.CO.RRB.AML.BC. No.98 /03.05.28-A/2006-07May 21, 2007The ChairmenAll Regional Rural BanksDear Sir,Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) – Wire Transfers- Regional Rural Banks (RRBs) Banks use wire transfers as an expeditious method for transferring funds between bank accounts. Wire transfers include transactions occurring within the national boundaries of a country or fr

RBI/2006-2007/407 RPCD.CO.RRB.AML.BC. No.98 /03.05.28-A/2006-07May 21, 2007The ChairmenAll Regional Rural BanksDear Sir,Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) – Wire Transfers- Regional Rural Banks (RRBs) Banks use wire transfers as an expeditious method for transferring funds between bank accounts. Wire transfers include transactions occurring within the national boundaries of a country or fr

RRBs - Wire Transfers

STCBs/DCCBs - Wire Transfers

RBI/2006-2007/399 RPCD.CO.RF.AML.BC. No.96/07.40.00/2006-07May 18, 2007The Chief Executives,All State and District Central Co-operative BanksDear Sir,Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) – Wire Transfers Banks use wire transfers as an expeditious method for transferring funds between bank accounts. Wire transfers include transactions occurring within the national boundaries of a country or f

RBI/2006-2007/399 RPCD.CO.RF.AML.BC. No.96/07.40.00/2006-07May 18, 2007The Chief Executives,All State and District Central Co-operative BanksDear Sir,Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) – Wire Transfers Banks use wire transfers as an expeditious method for transferring funds between bank accounts. Wire transfers include transactions occurring within the national boundaries of a country or f

STCBs/DCCBs - Wire Transfers

Revised Guidelines On Lending To Priority Sector - Weaker Sections

RBI/2006-2007/405 RPCD. No. Plan. BC. 10856 /04.09.01/ 2006-07May 18, 2007The Chairman/ Managing Director/ Chief Executive Officer[All scheduled commercial banks(excluding Regional Rural Banks)]Dear Sir,Revised Guidelines On Lending To Priority Sector – Weaker SectionsKindly refer to Section I, paragraph 8 of our circular RPCD. No. Plan. BC. 84 /04.09.01/2006-07 dated April 30, 2007 on revised guidelines on lending to priority sector. In partial modification thereof,

RBI/2006-2007/405 RPCD. No. Plan. BC. 10856 /04.09.01/ 2006-07May 18, 2007The Chairman/ Managing Director/ Chief Executive Officer[All scheduled commercial banks(excluding Regional Rural Banks)]Dear Sir,Revised Guidelines On Lending To Priority Sector – Weaker SectionsKindly refer to Section I, paragraph 8 of our circular RPCD. No. Plan. BC. 84 /04.09.01/2006-07 dated April 30, 2007 on revised guidelines on lending to priority sector. In partial modification thereof,

Revised Guidelines On Lending To Priority Sector - Weaker Sections

RBI asks RRBs not to deal with 918 defaulted companies following Patna High Court Order

RBI/2006-2007/393RPCD. CO. RRB. BC. No. 91 / 03.05. 33/2006-07May 14, 2007 The ChairmenAll Regional Rural BanksDear SirIn the High Court of Judicature at Patna – CWJC No.13422 of 2006 – Council for the Protection of Public Rights and Welfare vs. Union of India and Others – Regarding We advise that the Hon'ble Patna High Court vide its order dated April 10, 2007 in the captioned matter has directed the Reserve Bank of India to direct all the banks that the companies li

RBI/2006-2007/393RPCD. CO. RRB. BC. No. 91 / 03.05. 33/2006-07May 14, 2007 The ChairmenAll Regional Rural BanksDear SirIn the High Court of Judicature at Patna – CWJC No.13422 of 2006 – Council for the Protection of Public Rights and Welfare vs. Union of India and Others – Regarding We advise that the Hon'ble Patna High Court vide its order dated April 10, 2007 in the captioned matter has directed the Reserve Bank of India to direct all the banks that the companies li

RBI asks RRBs not to deal with 918 defaulted companies following Patna High Court Order

RRBs - Refusal to accept Small denomination Notes/Coins

RBI/2006-2007/390RPCD.CO. RRB.BC.No. 89 /03.05.28-B /2006-07May 10, 2007The ChairmenAll Regional Rural BanksDear SirAcceptance of Small Denomination Notes and CoinsA case involving refusal by a bank to accept demand draft involving fraction of a rupee came up before the Honourable High Court of Gujarat, Ahmedabad. The High Court of Gujarat, taking a serious view of the matter, has directed that appropriate steps may be taken in the matter as also regarding non-accepta

RBI/2006-2007/390RPCD.CO. RRB.BC.No. 89 /03.05.28-B /2006-07May 10, 2007The ChairmenAll Regional Rural BanksDear SirAcceptance of Small Denomination Notes and CoinsA case involving refusal by a bank to accept demand draft involving fraction of a rupee came up before the Honourable High Court of Gujarat, Ahmedabad. The High Court of Gujarat, taking a serious view of the matter, has directed that appropriate steps may be taken in the matter as also regarding non-accepta

RRBs - Refusal to accept Small denomination Notes/Coins

Interest Subvention Scheme for Short Term Crop Loans extended

RBI/2006-2007/391RPCD.No.PLFS.BC. 90/05.04.02/2006-07May 10, 2007The Chairman/Managing DirectorAll Public Sector Banks Dear Sir,Union Budget – 2007-08 – Proposal for continuation of 2 per cent interest subvention scheme for short-term crop loans in 2007-08 As you are aware, the Hon’ble Finance Minister, in his Budget Speech (paragraph 46) for 2007-08 had announced as follows:" The two percent interest subvention scheme for short-term crop loans will continue in 2

RBI/2006-2007/391RPCD.No.PLFS.BC. 90/05.04.02/2006-07May 10, 2007The Chairman/Managing DirectorAll Public Sector Banks Dear Sir,Union Budget – 2007-08 – Proposal for continuation of 2 per cent interest subvention scheme for short-term crop loans in 2007-08 As you are aware, the Hon’ble Finance Minister, in his Budget Speech (paragraph 46) for 2007-08 had announced as follows:" The two percent interest subvention scheme for short-term crop loans will continue in 2

Interest Subvention Scheme for Short Term Crop Loans extended

Procedures/Processes for Agricultural Loans Simplified

RBI/2006-2007/363 RPCD.PLFS. BC. No.85 /05.04.02/ 2006-07 April 30,@@NBSP@@ 2007 The Chairman /Managing Director/ Chief Executive Officer All Scheduled Commercial Banks@@NBSP@@(including RRBs) Dear Sir, Simplification of the Procedures and Processes for Obtaining Agricultural Loans @@NBSP@@Please refer to paragraph 150 of the Annual Policy Statement for the year 2007-08 (copy enclosed). 2. At present, one of the hurdles faced by the farmers approaching for bank loans

RBI/2006-2007/363 RPCD.PLFS. BC. No.85 /05.04.02/ 2006-07 April 30,@@NBSP@@ 2007 The Chairman /Managing Director/ Chief Executive Officer All Scheduled Commercial Banks@@NBSP@@(including RRBs) Dear Sir, Simplification of the Procedures and Processes for Obtaining Agricultural Loans @@NBSP@@Please refer to paragraph 150 of the Annual Policy Statement for the year 2007-08 (copy enclosed). 2. At present, one of the hurdles faced by the farmers approaching for bank loans

Procedures/Processes for Agricultural Loans Simplified

Guidelines On Lending To Priority Sector - Revised

RBI/2006-2007/358 RPCD. No. Plan. BC. 84 /04.09.01/ 2006-07 April 30, 2007The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)]Dear Sir,GUIDELINES ON LENDING TO PRIORITY SECTOR – Revised As announced in the Reserve Bank's Annual Policy Statement for the year 2005-06, the prescriptions relating to priority sector lending have been modified and several new areas included from time to time. There is a v

RBI/2006-2007/358 RPCD. No. Plan. BC. 84 /04.09.01/ 2006-07 April 30, 2007The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)]Dear Sir,GUIDELINES ON LENDING TO PRIORITY SECTOR – Revised As announced in the Reserve Bank's Annual Policy Statement for the year 2005-06, the prescriptions relating to priority sector lending have been modified and several new areas included from time to time. There is a v

Guidelines On Lending To Priority Sector - Revised

Monitoring of Credit Flow to Minority Communities

RBI/2006-2007/356RPCD.SP.BC.No. 83/09.10.01/2006-07April 27, 2007The Chairman/Managing DirectorsAll Indian Scheduled Commercial BanksDear Sir,List of 103 Minority Concentrated Districts having at least 25%minority population, excluding those States /UTs whereminorities are in majority (J&K, Punjab, Meghalaya, Mizoram,Nagaland & Lakshdweep)As you are aware, Government of India, Ministry of Welfare has notified the following as minority communities :- i) Sikhsii

RBI/2006-2007/356RPCD.SP.BC.No. 83/09.10.01/2006-07April 27, 2007The Chairman/Managing DirectorsAll Indian Scheduled Commercial BanksDear Sir,List of 103 Minority Concentrated Districts having at least 25%minority population, excluding those States /UTs whereminorities are in majority (J&K, Punjab, Meghalaya, Mizoram,Nagaland & Lakshdweep)As you are aware, Government of India, Ministry of Welfare has notified the following as minority communities :- i) Sikhsii

Monitoring of Credit Flow to Minority Communities