Financial Inclusion and Development

RBI/2008-2009/212 RPCD.CO.RF.BC.No. 43/07.02.01/2008-09 October 10, 2008@@NBSP@@ @@NBSP@@All Scheduled State Co-operative Banks Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934 - Maintenance of CRR Please refer to our Circular RPCD.CO.RF.BC.No.39/07.02.01/2008-09 dated October 7, 2008 on the captioned subject, advising reduction in Cash Reserve Ration (CRR) by 50 basis points from 9.00 per cent to 8.50 per cent of net demand and time liabilities with effect

RBI/2008-09/171 RPCD.CO.RF.BC.No.29/07.38.01/2008-09 September 17, 2008 All State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to our Circular RPCD.CO.RF.BC.No.79/07.38.01/2006-07 dated April 26, 2007 on Interest Rate on NRE Rupee Deposits. On a review, it has been decided that until further notice and with effect from close of business in India as on Sep

RBI/2008-09/172 RPCD.CO.RF.BC.No.31/ 07.38.01/2008-09 September 17, 2008 The Managing Director Maharashtra State Co-operative Bank Ltd. 9, Nagindas Master Road Extension, Fort Mumbai-1 Dear Sir, Interest Rate on FCNR(B) Deposits Please refer to our circular RPCD.CO.RF.BC.No.81/07.38.01/2006-07 dated April 26, 2007 on Interest Rate on FCNR(B) Deposits. On a review, it has been decided that until further notice and with effect from the close of business in India as on S

RBI/2008-09/162 RPCD.CO.RRB.No. BC.25 /03.05.33/2008-09 September 12, 2008 All Regional Rural Banks (RRBs) Dear Sir, Acquisition of Accommodation on Lease / Rental basis by Regional Rural Banks for their branches / offices - @@NBSP@@Liberalisation of guidelines It has been decided that the guidelines issued to Scheduled Commercial Banks vide DBOD Circulars DBOD.No.BL.BC.105/22.01.03/98 and DBOD. No. BL.BC. 13/22.01.03/2000-01 dated November 11, 1998 and August 4, 2000

RBI/2008-09/163 RPCD.CO.RRB.BC.No.26 /03.05.33/ 2008-09 September 12, 2008 The Chairmen All Regional Rural Banks Dear Sir, Settlement of Claims in respect of Missing Persons Of late, queries are being raised regarding the system which should be followed by Banks in case a claim is received from a nominee / legal heirs for settlement of claim in respect of missing persons. 2. The settlement of claims in respect of missing persons would be governed by the provisions of

RBI/2008-2009 /114RPCD.CO.RRB.No. BC.18 / 03.05.072 / 2008-09July 30 2008To all Regional Rural BanksDear Sir,Agricultural Debt Waiver and Debt Relief Scheme, 2008-Prudential Norms on Income Recognition, Asset Classification and Provisioning, and Capital AdequacyAs you are aware, the Hon’ble Finance Minister, in his Budget Speech (paragraph 73) for 2008-09 has announced a debt waiver and debt relief scheme for farmers, for implementation by, inter alia, all Regional Ru

RBI/2008-2009/113 RPCD.CO.RF.BC. No. 17 / 07.38.03 / 2008-09 July 30, 2008 To All State Co-operative Banks (StCBs) and Central Co-operative Banks (DCCBs) Dear Sir, Agricultural Debt Waiver and Debt Relief Scheme, 2008-Prudential Norms on Income Recognition, Asset Classification and Provisioning, and Capital Adequacy As you are aware, the Hon’ble Finance Minister, in his Budget Speech (paragraph 73) for 2008-09 has announced a debt waiver and debt relief scheme for far

RBI/2008-09/108 RPCD.CO.RRB. No. BC.16 / 03.05.28(B)/2008-09 July 31, 2008 All Regional Rural Banks Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of Cash Reserve Ratio (CRR)- Regional Rural Banks(RRBs) Please refer to our circular RPCD.CO.RRB.BC.84/03.05.28 (B)/2007-2008 (RBI/2007-08/385) dated June 26, 2008 on the captioned subject. As set out in the Governor's statement on the First Quarter Review of Annual Monetary Policy for the year 20

RBI/2008-2009/105 RPCD.CO.RF.BC.No. 15 / 07.02.01 / 2008-09 July 30, 2008 8 Shravana, Saka 1930 All Scheduled State Co-operative Banks Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRR Please refer to our circular RPCD.CO.RF.BC.No. 83 / 07.02.01 / 2007-08 dated June 26, 2008 on the captioned subject. As set out in the Governor’s statement on the First Quarter Review of Annual Monetary Policy for the year 2008-09 issued on July 29, 2008, on

RBI/2008-09/99 RPCD.CO.RRB. No. BC 13@@NBSP@@/03.05.33/2008-09 July 23, 2008 All Regional Rural Banks Dear Sir, Banking facilities to the visually challenged It has been brought to our notice that visually challenged persons are facing problems in availing banking facilities. It may be noted that banking facilities including cheque book facility / operation of ATM / locker, etc. cannot be denied to the visually challenged as they are legally competent to contract. 2.

RBI/2008-09/91 RPCD.CO.RF.No.BC@@NBSP@@ 1/07.06.00/2008-09 July 9, 2008 18 Ashadha, Saka 1930 To All State and Central Co-operative Banks Dear Sir, Banking facilities to the visually challenged It has been brought to our notice that visually challenged persons are facing problems in availing banking facilities. It may be noted that banking facilities including cheque book facility / operation of ATM / locker, etc. cannot be denied to the visually challenged as they ar

RBI/2008-09/36 RPCD.CO.RRB.No.BL.BC.07 /03.05.90 -A/ 2008-09 July 1, 2008 The Chairmen of all Regional Rural Banks/Sponsor Banks Dear Sir, Section 23 of the Banking Regulation Act, 1949 - Master Circular on Branch Licensing - Regional Rural Banks (RRBs) Reserve Bank of India has been issuing instructions to RRBs regarding opening/shifting/merger of branches/extension counters/offices, etc. from time to time. With a view to consolidating all the current instructions an