Regulating Co-operative Banking

UCBs - Penal Interest for Non-maintenance of CRR

RBI/2006-2007109 UBD.(PCB-)Cir.No.6/16.26.000/2006-2007 August 16,2006 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Dear Sir/Madam, Section 42(1) of Reserve Bank of India Act, 1934 – Maintenance of CRR Please refer to our circular RBI /2005-006/426. UBD (PCB) Cir.No.59/16.26.000/2005-2006 dated June 22,2006 on the captioned subject, wherein it was advised that the Reserve Bank will not be paying any interest on the CRR balances main

RBI/2006-2007109 UBD.(PCB-)Cir.No.6/16.26.000/2006-2007 August 16,2006 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Dear Sir/Madam, Section 42(1) of Reserve Bank of India Act, 1934 – Maintenance of CRR Please refer to our circular RBI /2005-006/426. UBD (PCB) Cir.No.59/16.26.000/2005-2006 dated June 22,2006 on the captioned subject, wherein it was advised that the Reserve Bank will not be paying any interest on the CRR balances main

UCBs - Penal Interest for Non-maintenance of CRR

Providing Clearing and Settlement services for internet based electronic purse schemes-UCBs

RBI/2006-07/ 87 UBD.SUB.Cir.No. 1/09.69.000/06-07 July 26, 2006 The Chief Executive of all Scheduled Primary (Urban) Co-operative Banks Dear Sir, Providing Clearing and Settlement services for internet based electronic purse schemes-UCBs It has come to our notice that some companies have launched internet based electronic purse schemes with the following features (i) Any individual who wishes to be a member of the scheme can register himself by going to the website an

RBI/2006-07/ 87 UBD.SUB.Cir.No. 1/09.69.000/06-07 July 26, 2006 The Chief Executive of all Scheduled Primary (Urban) Co-operative Banks Dear Sir, Providing Clearing and Settlement services for internet based electronic purse schemes-UCBs It has come to our notice that some companies have launched internet based electronic purse schemes with the following features (i) Any individual who wishes to be a member of the scheme can register himself by going to the website an

Providing Clearing and Settlement services for internet based electronic purse schemes-UCBs

Master Circular on Customer Service - UCBs

Master Circular on Customer Service - UCBs

UCBs - Section 42(1) of Reserve Bank of India Act, 1934 - Maintenance of CRR

RBI/2005-2006/426 UBD (PCB) Cir. No. 59/16.26.000/2005-2006   June 22, 2006   The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Dear Sir/Madam, Section 42(1) of Reserve Bank of India Act, 1934 – Maintenance of CRR Please refer to our Circular UBD PCB Cir 19/16.11.00/2004-05 dated September 13, 2004 on the captioned subject. 2. The Reserve Bank of India (Amendment) Bill, 2006 has been enacted and has come into force with effect

RBI/2005-2006/426 UBD (PCB) Cir. No. 59/16.26.000/2005-2006   June 22, 2006   The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Dear Sir/Madam, Section 42(1) of Reserve Bank of India Act, 1934 – Maintenance of CRR Please refer to our Circular UBD PCB Cir 19/16.11.00/2004-05 dated September 13, 2004 on the captioned subject. 2. The Reserve Bank of India (Amendment) Bill, 2006 has been enacted and has come into force with effect

UCBs - Section 42(1) of Reserve Bank of India Act, 1934 - Maintenance of CRR

UCBs - Maintenance of CRR on Exempted Categories

RBI/2005-2006/427 UBD.PCB.Cir.No. 60 /16.26.000/2005-2006 June 22, 2006 The Chief Executive Officers of All Scheduled Primary (urban) Co-operative Banks Dear Sir/Madam, Maintenance of CRR on Exempted Categories Please refer to paragraph 2.1.7(ii) of our Master Circular UBD.BR(PCB).MC.No. 16.26.00/04-05 dated August 26, 2004 on CRR and SLR. 2. In terms of the instructions contained therein, every Scheduled Primary (Urban) Co-operative Bank is exempted from maintaining

RBI/2005-2006/427 UBD.PCB.Cir.No. 60 /16.26.000/2005-2006 June 22, 2006 The Chief Executive Officers of All Scheduled Primary (urban) Co-operative Banks Dear Sir/Madam, Maintenance of CRR on Exempted Categories Please refer to paragraph 2.1.7(ii) of our Master Circular UBD.BR(PCB).MC.No. 16.26.00/04-05 dated August 26, 2004 on CRR and SLR. 2. In terms of the instructions contained therein, every Scheduled Primary (Urban) Co-operative Bank is exempted from maintaining

UCBs - Maintenance of CRR on Exempted Categories

Bills discounted under LC - Risk Weight and Exposure Norms - UCBs

RBI/2005-06/367 UBD.(PCB).BPD.Cir No: 46/13.05.000/2005-06 April 19, 2006 The Chief Executive Officers of All Primary (urban) Co-operative Banks Dear Sir/Madam, Bills discounted under LC – Risk Weight and Exposure Norms - UCBs Please refer to our circular UBD.BPD.PCB.cir. 37/13.05.00/2003-04 dated March 16, 2004. In terms of para 2 (iv) of the circular, the credit exposure on account of bills purchased / discounted / negotiated under LCs or otherwise should be reckone

RBI/2005-06/367 UBD.(PCB).BPD.Cir No: 46/13.05.000/2005-06 April 19, 2006 The Chief Executive Officers of All Primary (urban) Co-operative Banks Dear Sir/Madam, Bills discounted under LC – Risk Weight and Exposure Norms - UCBs Please refer to our circular UBD.BPD.PCB.cir. 37/13.05.00/2003-04 dated March 16, 2004. In terms of para 2 (iv) of the circular, the credit exposure on account of bills purchased / discounted / negotiated under LCs or otherwise should be reckone

Bills discounted under LC - Risk Weight and Exposure Norms - UCBs

UCBs - Investment Portfolio - Classification & Valuation of Investments

RBI/2005-06/341 UBD (PCB).BPD. Cir. 41 /16.20.000/2005-06 March 29, 2006 @@NBSP@@ The Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir/ Madam, Investment portfolio of Urban Co-operative Banks (UCBs) - Classification and Valuation of Investments As you are aware, as per the extant instructions, the primary (urban) cooperative banks are allowed to shift securities from AFS/HFT to HTM category and vice versa once at the beginning of the year. I

RBI/2005-06/341 UBD (PCB).BPD. Cir. 41 /16.20.000/2005-06 March 29, 2006 @@NBSP@@ The Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir/ Madam, Investment portfolio of Urban Co-operative Banks (UCBs) - Classification and Valuation of Investments As you are aware, as per the extant instructions, the primary (urban) cooperative banks are allowed to shift securities from AFS/HFT to HTM category and vice versa once at the beginning of the year. I

UCBs - Investment Portfolio - Classification & Valuation of Investments

Currency Chest facility for UCBs

RBI/2005-06/337 UBD(PCB).Cir.No.39/ 09.17.500/2005-06 March 24, 2006. The Chief Executive Officers of all Primary (urban) Co-operative Banks Dear Sir, Currency Chest facility for UCBs As you are aware, an announcement was made in the Mid Term Review of the Annual Policy Statement for the year 2005-06 to extend currency chest facility to scheduled UCBs registered under the Multi State Co-operative Societies Act, 2002 and under the State Acts, where the State government

RBI/2005-06/337 UBD(PCB).Cir.No.39/ 09.17.500/2005-06 March 24, 2006. The Chief Executive Officers of all Primary (urban) Co-operative Banks Dear Sir, Currency Chest facility for UCBs As you are aware, an announcement was made in the Mid Term Review of the Annual Policy Statement for the year 2005-06 to extend currency chest facility to scheduled UCBs registered under the Multi State Co-operative Societies Act, 2002 and under the State Acts, where the State government

Currency Chest facility for UCBs

UCBs - PMLA, 2002 - Obligation of Banks

RBI/ 2005-06 /330 UBD.BPD.Cir No.38 /09.16.100/2005-06 March 21, 2006 The Chief Executive Officer of All Primary (Urban) Cooperative Banks Dear Sir / Madam Prevention of Money Laundering Act, 2002 – Obligation of banks in terms of Rules notified thereunder - UCBs Please refer to our circular UBD.PCB.Cir. 30 / 09.161.00/2004-05 dated December 15, 2004 on KYC Guidelines -Anti Money Laundering Standards. Banks were advised to put in place a policy framework within three

RBI/ 2005-06 /330 UBD.BPD.Cir No.38 /09.16.100/2005-06 March 21, 2006 The Chief Executive Officer of All Primary (Urban) Cooperative Banks Dear Sir / Madam Prevention of Money Laundering Act, 2002 – Obligation of banks in terms of Rules notified thereunder - UCBs Please refer to our circular UBD.PCB.Cir. 30 / 09.161.00/2004-05 dated December 15, 2004 on KYC Guidelines -Anti Money Laundering Standards. Banks were advised to put in place a policy framework within three

UCBs - PMLA, 2002 - Obligation of Banks

Advances against Gold Ornaments and Jewellery - UCBs

RBI/2005-06/311 UBD.PCB.Cir.No. 34 /13.05.000/2005-06 March 2, 2006 The Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir Advances against Gold Ornaments and Jewellery - UCBs As you are aware, hallmarking of gold jewellery ensures the quality of gold used in the jewellery as to caratage, fineness and purity. Therefore, banks would find granting of advances against the security of such hallmarked jewellery safer and easier. Preferential treatm

RBI/2005-06/311 UBD.PCB.Cir.No. 34 /13.05.000/2005-06 March 2, 2006 The Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir Advances against Gold Ornaments and Jewellery - UCBs As you are aware, hallmarking of gold jewellery ensures the quality of gold used in the jewellery as to caratage, fineness and purity. Therefore, banks would find granting of advances against the security of such hallmarked jewellery safer and easier. Preferential treatm

Advances against Gold Ornaments and Jewellery - UCBs