Notifications - Financial Inclusion and Development - RBI - Reserve Bank of India
Notifications
Dec 30, 2004
Guidelines for relief measures by banks in areas affected by natural calamities
RBI/ 2004/ 322 RPCD. No. PLFS. BC 68 /05.04.02/ 2004-05 December 30, 2004 The Chairman/Managing Director/ Chief Executive Officer All scheduled commercial banks Dear Sir, Guidelines for relief measures by banks in areas affected by natural calamities As you are aware, states of Andhra Pradesh, Tamil Nadu and Kerala and Union Territories of Pondicherry and Andaman and Nicobar Islands have been affected by the recent Tsunami, resulting in heavy damage to life and proper
RBI/ 2004/ 322 RPCD. No. PLFS. BC 68 /05.04.02/ 2004-05 December 30, 2004 The Chairman/Managing Director/ Chief Executive Officer All scheduled commercial banks Dear Sir, Guidelines for relief measures by banks in areas affected by natural calamities As you are aware, states of Andhra Pradesh, Tamil Nadu and Kerala and Union Territories of Pondicherry and Andaman and Nicobar Islands have been affected by the recent Tsunami, resulting in heavy damage to life and proper
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Dec 27, 2004
Target for achievement for the year 2004-05 under PMRY for Arunachal Pradesh - enhanced
RBI /2004-05/ 316 RPCD.PLNFS.BC. No. 67 / 09.04.01 /2004-2005 December 27, 2004 The Chairman/ Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Target for achievement for the year 2004-05 under PMRY- Enhancement in respect of Arunachal Pradesh - regarding Please refer to our letter RBI /2004-05/ 216- RPCD.PLNFS.BC. No. 39/09.04.01 /2004-2005 dated October 12, 2004 regarding the revised target for achievement under PMRY for the year 200
RBI /2004-05/ 316 RPCD.PLNFS.BC. No. 67 / 09.04.01 /2004-2005 December 27, 2004 The Chairman/ Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Target for achievement for the year 2004-05 under PMRY- Enhancement in respect of Arunachal Pradesh - regarding Please refer to our letter RBI /2004-05/ 216- RPCD.PLNFS.BC. No. 39/09.04.01 /2004-2005 dated October 12, 2004 regarding the revised target for achievement under PMRY for the year 200
Dec 24, 2004
Change in Assignment of SLBC Convenorship to the State of Manipur
RBI/2004-05/ 321 No.RPCD.LBS.BC.65 /02.01.01/2004-05 December 24, 2004 The Chairman & Managing Director All Public Sector Banks Dear Sir, Change in Assignment of SLBC Convenorship to the State of Manipur Please refer to our circular RPCD.LBS.BC.71/02.01.01/2001-02 dated March 27, 2001 advising you the change made in the assignment of SLBC convenorship to the States of Madhya Pradesh and Bihar respectively. An updated list of convenors of State Level Bankers Commit
RBI/2004-05/ 321 No.RPCD.LBS.BC.65 /02.01.01/2004-05 December 24, 2004 The Chairman & Managing Director All Public Sector Banks Dear Sir, Change in Assignment of SLBC Convenorship to the State of Manipur Please refer to our circular RPCD.LBS.BC.71/02.01.01/2001-02 dated March 27, 2001 advising you the change made in the assignment of SLBC convenorship to the States of Madhya Pradesh and Bihar respectively. An updated list of convenors of State Level Bankers Commit
Dec 21, 2004
Banks advised to improve performance in achieving SGSY Targets
RBI /2004-05/307 RPCD.SP.BC.66 /CLCC/09.01.01/2004-05 December 21, 2004 The Chairman and Managing Director All Scheduled Commercial Banks (Except RRBs) Dear Sir, Swarnjayanti Gram Swarozgar Yojana (SGSY)- Review by Central Level Coordination Committee (CLCC) Central Level Coordination Committee (CLCC) for the Swarnjayanti Gram Swarozgar Yojana (SGSY) while reviewing the performance under the SGSY scheme during the year 2003-04 have expressed concern over the unsatisfa
RBI /2004-05/307 RPCD.SP.BC.66 /CLCC/09.01.01/2004-05 December 21, 2004 The Chairman and Managing Director All Scheduled Commercial Banks (Except RRBs) Dear Sir, Swarnjayanti Gram Swarozgar Yojana (SGSY)- Review by Central Level Coordination Committee (CLCC) Central Level Coordination Committee (CLCC) for the Swarnjayanti Gram Swarozgar Yojana (SGSY) while reviewing the performance under the SGSY scheme during the year 2003-04 have expressed concern over the unsatisfa
Dec 15, 2004
Priority Sector Lending - Investment in special bonds issued by specified institutions
RBI/2004-05/301 RPCD. No. Plan. BC.64 / 04.09.01/2004-05 December 15, 2004 The Chairman/ Managing Director/ Chief Executive Officer All scheduled commercial banks (including RRBs) Dear Sir, Priority Sector Lending – Investment in special bonds issued by specified institutions Please refer to our Master Circular on Lending to Priority Sector dated July 20, 2004 in terms of which investments made by the scheduled commercial banks in special bonds issued by specified ins
RBI/2004-05/301 RPCD. No. Plan. BC.64 / 04.09.01/2004-05 December 15, 2004 The Chairman/ Managing Director/ Chief Executive Officer All scheduled commercial banks (including RRBs) Dear Sir, Priority Sector Lending – Investment in special bonds issued by specified institutions Please refer to our Master Circular on Lending to Priority Sector dated July 20, 2004 in terms of which investments made by the scheduled commercial banks in special bonds issued by specified ins
Dec 13, 2004
Banks advised to furnish Data on Agricultural Lending on Monthly Basis
RBI/2004-05/298 RPCD. Plan. BC. 63 /04.09.01/2004-05 December 13, 2004 The Chairman / Managing Director (Private Sector Banks) Dear Sir/ Madam, Data on Priority Sector Advances – Agricultural Lending As you are aware, the scheduled commercial banks are required to achieve a target of 18 per cent of net bank credit (NBC) towards lending to agriculture. The Government of India has decided to monitor/review the progress made in this regard on a monthly basis. 2. Accordin
RBI/2004-05/298 RPCD. Plan. BC. 63 /04.09.01/2004-05 December 13, 2004 The Chairman / Managing Director (Private Sector Banks) Dear Sir/ Madam, Data on Priority Sector Advances – Agricultural Lending As you are aware, the scheduled commercial banks are required to achieve a target of 18 per cent of net bank credit (NBC) towards lending to agriculture. The Government of India has decided to monitor/review the progress made in this regard on a monthly basis. 2. Accordin
Dec 08, 2004
Relaxation in Service Area Norms
RBI//2004-05/293 RPCD.LBS(SAA).BC. No.62 /08.01.00/2004-05 December 8, 2004 The Chairman/Managing Director, All Scheduled Commercial Banks (including RRBs) Dear Sir, Rural Lending – Service Area Approach – Review –Relaxation in Service Area Norms The Service Area Approach (SAA) introduced in April 1989, in order to bring about an orderly and planned development of rural and semi- urban areas of the country, was extended to all Indian scheduled commercial banks includi
RBI//2004-05/293 RPCD.LBS(SAA).BC. No.62 /08.01.00/2004-05 December 8, 2004 The Chairman/Managing Director, All Scheduled Commercial Banks (including RRBs) Dear Sir, Rural Lending – Service Area Approach – Review –Relaxation in Service Area Norms The Service Area Approach (SAA) introduced in April 1989, in order to bring about an orderly and planned development of rural and semi- urban areas of the country, was extended to all Indian scheduled commercial banks includi
Dec 08, 2004
Graded Interest Rates on Deposits with SIDBI in lieu of Shortfall in Priority Sector Obligations
RBI/ 2004-05/292 RPCD.PLNFS.BC.No. 61 /06.02.31(WG)2004-05 December 08, 2004 The Chief Executive Officer (All foreign banks operating in India) Dear Sir, Working Group on Flow of Credit to SSI Sector - Interest Rates on Deposits with SIDBI in lieu of Shortfall in Priority Sector Obligations Please refer to our circular RPCD.Plan.BC.41/04.09.09/2003-04 dated November 03, 2003 regarding the interest rate on deposits placed with SIDBI. 2. In this connection, a reference
RBI/ 2004-05/292 RPCD.PLNFS.BC.No. 61 /06.02.31(WG)2004-05 December 08, 2004 The Chief Executive Officer (All foreign banks operating in India) Dear Sir, Working Group on Flow of Credit to SSI Sector - Interest Rates on Deposits with SIDBI in lieu of Shortfall in Priority Sector Obligations Please refer to our circular RPCD.Plan.BC.41/04.09.09/2003-04 dated November 03, 2003 regarding the interest rate on deposits placed with SIDBI. 2. In this connection, a reference
Nov 24, 2004
Flow of Credit to Agriculture-Announcements made by the Union Finance Minister
RBI/2004-2005/283 RPCD.PLFS.BC.No 60/05.02.02/2004-05 November 24,2004 The Chairman and Managing Director/Chief Executive Officer All Scheduled Commercial Banks (except RRBs) Dear Sir, Flow of Credit to Agriculture-Announcements made by the Union Finance Minister Please refer to our circular RPCD.Plan.BC.92/04.09.01/2004-05 dated June 24, 2004 advising you certain measures announced by the Union Finance Minister for improving flow of credit to agriculture. 2. In terms
RBI/2004-2005/283 RPCD.PLFS.BC.No 60/05.02.02/2004-05 November 24,2004 The Chairman and Managing Director/Chief Executive Officer All Scheduled Commercial Banks (except RRBs) Dear Sir, Flow of Credit to Agriculture-Announcements made by the Union Finance Minister Please refer to our circular RPCD.Plan.BC.92/04.09.01/2004-05 dated June 24, 2004 advising you certain measures announced by the Union Finance Minister for improving flow of credit to agriculture. 2. In terms
Nov 18, 2004
Entry of State Cooperative Banks (SCBs) / District Central Cooperative Banks (DCCBs) into insurance business
RBI/279/2004-05 RPCD.CO.NB. BC.No. 59/03.03.116/2004-05 November 18, 2004 Chairmen of all State Cooperative Banks/District Central Cooperative Banks Dear Sir, Entry of State Cooperative Banks (SCBs) / District Central Cooperative Banks (DCCBs) into insurance business The issue of permitting Scheduled State Cooperative Banks/District Central Cooperative Banks to undertake insurance business has been examined and it has been decided to permit scheduled or licensed SCBs
RBI/279/2004-05 RPCD.CO.NB. BC.No. 59/03.03.116/2004-05 November 18, 2004 Chairmen of all State Cooperative Banks/District Central Cooperative Banks Dear Sir, Entry of State Cooperative Banks (SCBs) / District Central Cooperative Banks (DCCBs) into insurance business The issue of permitting Scheduled State Cooperative Banks/District Central Cooperative Banks to undertake insurance business has been examined and it has been decided to permit scheduled or licensed SCBs
Nov 08, 2004
Personal Accident Insurance Scheme (PAIS) for KCC holders - Renewal of Master Policy-clarification
RBI/2004/274RPCD.PLFS.BC.NO 58 /05.05.09/2004-05 November 8,2004 The Chairman & Managing Director/CEO All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Personal Accident Insurance Scheme (PAIS) for KCC holders - Renewal of Master Policy-clarification Please refer to our Circular RPCD.PLFS.BC.NO.24/05.05.09/2004-05 dated August 28, 2004, regarding renewal of the Master Policy under the Personal Accident Insurance Scheme for a period of one year on the exist
RBI/2004/274RPCD.PLFS.BC.NO 58 /05.05.09/2004-05 November 8,2004 The Chairman & Managing Director/CEO All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Personal Accident Insurance Scheme (PAIS) for KCC holders - Renewal of Master Policy-clarification Please refer to our Circular RPCD.PLFS.BC.NO.24/05.05.09/2004-05 dated August 28, 2004, regarding renewal of the Master Policy under the Personal Accident Insurance Scheme for a period of one year on the exist
Nov 01, 2004
Banks advised to fix Ceiling on Interest Rates on FCNR(B) Deposits on Monthly Basis
RBI/2004-05/267 RPCD.CO.RF.BC 54 /07.38.01/2004-05 November 1, 2004 The Managing Director Maharashtra State Co-operative Bank Ltd. 9, Nagindas Master Road Extension, Fort Mumbai-1 Dear Sir, Mid-term Review of Annual Policy Statement for the year 2004-05-Foreign Currency Non-Resident (Banks)- FCNR(B) Accounts Please refer to paragraph 72 of the Mid-term review of the Annual Policy Statement for the year 2004-05 (copy of paragraph enclosed). 2. At present, banks are fre
RBI/2004-05/267 RPCD.CO.RF.BC 54 /07.38.01/2004-05 November 1, 2004 The Managing Director Maharashtra State Co-operative Bank Ltd. 9, Nagindas Master Road Extension, Fort Mumbai-1 Dear Sir, Mid-term Review of Annual Policy Statement for the year 2004-05-Foreign Currency Non-Resident (Banks)- FCNR(B) Accounts Please refer to paragraph 72 of the Mid-term review of the Annual Policy Statement for the year 2004-05 (copy of paragraph enclosed). 2. At present, banks are fre
Nov 01, 2004
DCCBs - Interest Rates on NRE Deposits Raised
RBI/2004-05/266 RPCD.CO.RF.BC 53 /07.38.01/2004-05 November 1, 2004 All State and District Central Co-operative Banks Dear Sir, Interest rates on Non-Resident (External) Rupee(NRE) Deposits Please refer to paragraph 71 of the Mid-term review of the Annual Policy Statement for the year 2004-05 (copy of paragraph enclosed). 2. In this context, please refer to our Circular RPCD.CO.RF. BC. No 81/07.38.01/2003-04 dated May 12, 2004, specifying interest rates on deposits of
RBI/2004-05/266 RPCD.CO.RF.BC 53 /07.38.01/2004-05 November 1, 2004 All State and District Central Co-operative Banks Dear Sir, Interest rates on Non-Resident (External) Rupee(NRE) Deposits Please refer to paragraph 71 of the Mid-term review of the Annual Policy Statement for the year 2004-05 (copy of paragraph enclosed). 2. In this context, please refer to our Circular RPCD.CO.RF. BC. No 81/07.38.01/2003-04 dated May 12, 2004, specifying interest rates on deposits of
Nov 01, 2004
Minimum Tenor of Domestic Term Deposits Reduced from 15 Days to 7 Days
RBI/2004-05/268RPCD.CO.RF.BC 55/07.38.01/2004-05 November 1, 2004All State and District Central Co-operative BanksDear Sir, Mid-term Review of Annual Policy Statement for the year 2004-05- Reduction of Tenor of Domestic/ Ordinary Non-Resident (NRO) Term Deposits Please refer to paragraph 1(i) of our circular RPCD.No.RF.DIR.BC.77/07.38.01/2000-01 dated April 19, 2001. At present, the banks can accept term deposits of Rs.15 lakh and above for a minimum maturity period o
RBI/2004-05/268RPCD.CO.RF.BC 55/07.38.01/2004-05 November 1, 2004All State and District Central Co-operative BanksDear Sir, Mid-term Review of Annual Policy Statement for the year 2004-05- Reduction of Tenor of Domestic/ Ordinary Non-Resident (NRO) Term Deposits Please refer to paragraph 1(i) of our circular RPCD.No.RF.DIR.BC.77/07.38.01/2000-01 dated April 19, 2001. At present, the banks can accept term deposits of Rs.15 lakh and above for a minimum maturity period o
Nov 01, 2004
RRBs advised to Transfer Money lying in Golden Forest (I) Ltd. Accounts to Committee
RBI/2004-05/260 RPCD.RRB.CO.No.BC.. 52/03.05.33/2004-05 November 1, 2004 All Regional Rural Banks Dear Sir, Before the Supreme Court of India - I.A.Nos. 9, 20 & 28 – In Transfer Case No. 2 of 2004-P(C) No. 696 of 2002 and I.A.No. 1 in TC 68/2003 – The Securities and Exchange Board of India etc. Vs Golden Forest (I) Ltd. and Others – Appointment of Committee by the Supreme Court - Regarding We advise that the Hon'ble Supreme Court of India has, vide its order dated
RBI/2004-05/260 RPCD.RRB.CO.No.BC.. 52/03.05.33/2004-05 November 1, 2004 All Regional Rural Banks Dear Sir, Before the Supreme Court of India - I.A.Nos. 9, 20 & 28 – In Transfer Case No. 2 of 2004-P(C) No. 696 of 2002 and I.A.No. 1 in TC 68/2003 – The Securities and Exchange Board of India etc. Vs Golden Forest (I) Ltd. and Others – Appointment of Committee by the Supreme Court - Regarding We advise that the Hon'ble Supreme Court of India has, vide its order dated
Nov 01, 2004
RRBs - Interest Rates on NRE Deposits Raised
RBI/2004-05/269 RPCD.No.RRB.BC.56/03.05.33(C)/2004-05 November 01, 2004 All Regional Rural Banks/Sponsor Banks Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to the paragraph 71 of the statement on 'Mid-term Review of the Annual Policy Statement for the year 2004-05' (copy of the paragraph enclosed). 2. In this context, please refer to tem 2(i) of our Circular RPCD.No.RRB.BC.89/ 03.05.33(C)/2003-04 dated June 08, 204 on the Intere
RBI/2004-05/269 RPCD.No.RRB.BC.56/03.05.33(C)/2004-05 November 01, 2004 All Regional Rural Banks/Sponsor Banks Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to the paragraph 71 of the statement on 'Mid-term Review of the Annual Policy Statement for the year 2004-05' (copy of the paragraph enclosed). 2. In this context, please refer to tem 2(i) of our Circular RPCD.No.RRB.BC.89/ 03.05.33(C)/2003-04 dated June 08, 204 on the Intere
Oct 27, 2004
RRBs Permitted to Undertake Insurance Business
RBI/2004-05/ 252 RPCD.CO. RRB.BC.No. 51 /03.05.33 (G)/ 2004-05 October 27, 2004 Chairmen of all Regional Rural Banks / All Sponsor Banks Dear Sir, Entry of Regional Rural Banks into insurance business As you are aware, under Section 6 (1)(o) of the Banking Regulation Act, 1949, "Insurance" has been notified as a permissible form of business that could be undertaken by banks. Further, in terms of Section 18 of the Regional Rural Banks Act, 1976, a Regional Rural Bank (
RBI/2004-05/ 252 RPCD.CO. RRB.BC.No. 51 /03.05.33 (G)/ 2004-05 October 27, 2004 Chairmen of all Regional Rural Banks / All Sponsor Banks Dear Sir, Entry of Regional Rural Banks into insurance business As you are aware, under Section 6 (1)(o) of the Banking Regulation Act, 1949, "Insurance" has been notified as a permissible form of business that could be undertaken by banks. Further, in terms of Section 18 of the Regional Rural Banks Act, 1976, a Regional Rural Bank (
Oct 27, 2004
Banks asked to transfer money lying in Golden Forest (I) Ltd., accounts to Committee
RBI/2004-05/247 RPCD.RF.BC.No.50/07.02.12/2004-05 October 27, 2004 All State and District Central Co-operative Banks Dear Sir, Before the Supreme Court of India - I.A.Nos. 9, 20 & 28 – In Transfer Case No. 2 of 2004-P(C) No. 696 of 2002 and I.A.No. 1 in TC 68/2003 – The Securities and Exchange Board of India etc. Vs Golden Forest (I) Ltd. and Others – Appointment of Committee by the Supreme Court - Regarding We advise that the Hon'ble Supreme Court of India has, v
RBI/2004-05/247 RPCD.RF.BC.No.50/07.02.12/2004-05 October 27, 2004 All State and District Central Co-operative Banks Dear Sir, Before the Supreme Court of India - I.A.Nos. 9, 20 & 28 – In Transfer Case No. 2 of 2004-P(C) No. 696 of 2002 and I.A.No. 1 in TC 68/2003 – The Securities and Exchange Board of India etc. Vs Golden Forest (I) Ltd. and Others – Appointment of Committee by the Supreme Court - Regarding We advise that the Hon'ble Supreme Court of India has, v
Oct 26, 2004
Banks' Investments in Securitised Assets to be treated as Direct Lending to SSI Sector
RBI/2004-2005/236 RPCD.PLNFS.BC.No. 43 /06.02.31/2004-05 October 26, 2004 The Chairman/Managing Director All Scheduled Commercial Banks (Including RRBs & Local Area Banks) Dear Sir, Priority Sector Lending - Investment by banks in securitized assets pertaining to SSI sector Please refer to paragraph 82 of the Mid-Term Review of Annual Policy Statement for the year 2004-05 dated October 26, 2004 (copy of the paragraph enclosed). In order to encourage securitization
RBI/2004-2005/236 RPCD.PLNFS.BC.No. 43 /06.02.31/2004-05 October 26, 2004 The Chairman/Managing Director All Scheduled Commercial Banks (Including RRBs & Local Area Banks) Dear Sir, Priority Sector Lending - Investment by banks in securitized assets pertaining to SSI sector Please refer to paragraph 82 of the Mid-Term Review of Annual Policy Statement for the year 2004-05 dated October 26, 2004 (copy of the paragraph enclosed). In order to encourage securitization
Oct 26, 2004
Financing of Distressed Urban Poor
RBI/2004/238 RPCD. Plan. BC. No. 45 /04.09.01/2004-05 October 26, 2004 The Chairman/Managing Director All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Financing of Distressed Urban Poor Please refer to paragraph No. 84 of the Governor's Statement on Mid-Term Review of the Annual Policy for the year 2004-05 dated October 26, 2004 (copy of the paragraph enclosed). With a view to bringing in urban poor into formal financial system, it has been decided that banks
RBI/2004/238 RPCD. Plan. BC. No. 45 /04.09.01/2004-05 October 26, 2004 The Chairman/Managing Director All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Financing of Distressed Urban Poor Please refer to paragraph No. 84 of the Governor's Statement on Mid-Term Review of the Annual Policy for the year 2004-05 dated October 26, 2004 (copy of the paragraph enclosed). With a view to bringing in urban poor into formal financial system, it has been decided that banks
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