Notifications -Regulating Co-operative Banking - RBI - Reserve Bank of India
Notifications
Mar 17, 2011
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
RBI/2010-11/434 UBD.CO.BPD (PCB) Cir.No. 6 /14.01.062/2010-11 March 17, 2011 The Chief Executive Officer of All AD Category I Primary (Urban) Co-operative Banks Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) – Standards Please refer to our circular UBD (PCB) CO.BPD.Cir. No.7/14.01.062/2010-11 dated August 12, 2010 on risks arising from the deficiencies in AML/CFT regime of Iran, Democratic People’s Republic of Korea (DPRK), Sao Tome an
RBI/2010-11/434 UBD.CO.BPD (PCB) Cir.No. 6 /14.01.062/2010-11 March 17, 2011 The Chief Executive Officer of All AD Category I Primary (Urban) Co-operative Banks Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) – Standards Please refer to our circular UBD (PCB) CO.BPD.Cir. No.7/14.01.062/2010-11 dated August 12, 2010 on risks arising from the deficiencies in AML/CFT regime of Iran, Democratic People’s Republic of Korea (DPRK), Sao Tome an
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Mar 17, 2011
Exchange Traded Interest Rate Futures (IRFs) - UCBs
RBI/2010-11/433 UBD.BPD. (PCB).Cir.No. 40/13.01.000/2010-11 March 17, 2011 Chief Executive Officers of All Primary (Urban) Cooperative Banks Dear Sir / Madam, Exchange Traded Interest Rate Futures (IRFs) – UCBs Please refer to circular No. UBD (PCB) BPD. Cir No.17/13.01.000/2009-10 dated October 28, 2009 and UBD (PCB) BPD. Cir No.37/13.01.000/2009-10 dated December 21, 2009 on the captioned subject. 2. It has been decided to introduce Interest Rate Futures on 91-Day T
RBI/2010-11/433 UBD.BPD. (PCB).Cir.No. 40/13.01.000/2010-11 March 17, 2011 Chief Executive Officers of All Primary (Urban) Cooperative Banks Dear Sir / Madam, Exchange Traded Interest Rate Futures (IRFs) – UCBs Please refer to circular No. UBD (PCB) BPD. Cir No.17/13.01.000/2009-10 dated October 28, 2009 and UBD (PCB) BPD. Cir No.37/13.01.000/2009-10 dated December 21, 2009 on the captioned subject. 2. It has been decided to introduce Interest Rate Futures on 91-Day T
Mar 17, 2011
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
RBI/2010-11/435 UBD.CO.BPD (PCB) Cir.No. 7/14.01.062/2010-11 March 17, 2011 The Chief Executive Officer of All AD Category I Primary (Urban) Co-operative Banks Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) – Standards Please refer to our circular UBD (PCB) CO.BPD.Cir.No.17/14.01.062/2010-11 dated October 25, 2010 forwarding the Financial Action Task Force (FATF) Statement identifying a list of jurisdictions which have strategic AML/CF
RBI/2010-11/435 UBD.CO.BPD (PCB) Cir.No. 7/14.01.062/2010-11 March 17, 2011 The Chief Executive Officer of All AD Category I Primary (Urban) Co-operative Banks Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) – Standards Please refer to our circular UBD (PCB) CO.BPD.Cir.No.17/14.01.062/2010-11 dated October 25, 2010 forwarding the Financial Action Task Force (FATF) Statement identifying a list of jurisdictions which have strategic AML/CF
Mar 16, 2011
Coins of 25 Paise and Below - Withdrawal from Circulation
RBI/2010-11/428 UBD.BPD. (PCB). Cir.No. 39 /09.73.000/2010-11 March 15, 2011 The Chief Executive Officers, All Primary (Urban) Co-operative Banks. Madam / Dear Sir, Coins of 25 Paise and Below - Withdrawal from Circulation Please refer to the Govt. of India Gazette Notification S.O 2978(E) dated December 20, 2010 and the Reserve Bank Press Release dated February 1, 2011 on the above subject (copies enclosed). 2. The Government of India has decided to withdraw coins of
RBI/2010-11/428 UBD.BPD. (PCB). Cir.No. 39 /09.73.000/2010-11 March 15, 2011 The Chief Executive Officers, All Primary (Urban) Co-operative Banks. Madam / Dear Sir, Coins of 25 Paise and Below - Withdrawal from Circulation Please refer to the Govt. of India Gazette Notification S.O 2978(E) dated December 20, 2010 and the Reserve Bank Press Release dated February 1, 2011 on the above subject (copies enclosed). 2. The Government of India has decided to withdraw coins of
Mar 15, 2011
Amendments to the Prevention of Money Laundering Rules, 2005
RBI/ 2010-11/425 UBD. BPD. (PCB) No. 38 /12.05.001/2010-11 March 15, 2011 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir, Amendments to the Prevention of Money Laundering Rules, 2005 We forward a copy of the Government of India Notification (No. 14/2010 / F. No. 6/2/2007 – ES) dated December 16, 2010 on the subject for necessary action. Yours faithfully, (Uma Shankar) Chief General Manager Enc: As above {To be published in the Gazette of I
RBI/ 2010-11/425 UBD. BPD. (PCB) No. 38 /12.05.001/2010-11 March 15, 2011 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir, Amendments to the Prevention of Money Laundering Rules, 2005 We forward a copy of the Government of India Notification (No. 14/2010 / F. No. 6/2/2007 – ES) dated December 16, 2010 on the subject for necessary action. Yours faithfully, (Uma Shankar) Chief General Manager Enc: As above {To be published in the Gazette of I
Feb 18, 2011
KYC Norms /AML Standards/Combating Financing of Terrorism/Obligation of banks under PMLA, 2002
RBI/2010-11/410 UBD. BPD. (PCB) No. 37/12.05.001/2010-11 February 18, 2011 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir, Know Your Customer (KYC) norms / Anti-Money Laundering (AML) standards/ Combating of Financing of Terrorism (CFT) / Obligation of banks under PMLA, 2002 Please refer to our circular UBD. PCB. Cir. 30/09.161.00/2004-05 dated December 15, 2004 on Know Your Customer (KYC) norms and Anti-Money Laundering (AML) standards. 2
RBI/2010-11/410 UBD. BPD. (PCB) No. 37/12.05.001/2010-11 February 18, 2011 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir, Know Your Customer (KYC) norms / Anti-Money Laundering (AML) standards/ Combating of Financing of Terrorism (CFT) / Obligation of banks under PMLA, 2002 Please refer to our circular UBD. PCB. Cir. 30/09.161.00/2004-05 dated December 15, 2004 on Know Your Customer (KYC) norms and Anti-Money Laundering (AML) standards. 2
Jan 18, 2011
UCBs - Accounting Procedure for investments - Settlement Date Accounting
RBI/2010-11/373 UBD. (PCB).Cir. No. 34/09.80.00/2010-11 January 18, 2011 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Accounting Procedure for investments – Settlement Date Accounting Please refer to Circulars UBD(PCB)/Cir.49/09.80.00/2004-05 dated June 20, 2005 on ready forward contracts in Government Securities and UBD(PCB) Cir 50/09.80.00/2004-05 on the same date on settlement of transactions in Government Securities. 2. It has b
RBI/2010-11/373 UBD. (PCB).Cir. No. 34/09.80.00/2010-11 January 18, 2011 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Accounting Procedure for investments – Settlement Date Accounting Please refer to Circulars UBD(PCB)/Cir.49/09.80.00/2004-05 dated June 20, 2005 on ready forward contracts in Government Securities and UBD(PCB) Cir 50/09.80.00/2004-05 on the same date on settlement of transactions in Government Securities. 2. It has b
Jan 12, 2011
Interest Rates on Rupee Export Credit - UCBs
RBI/2010-11/367 UBD.BPD.(PCB) Cir. No 5/13.05.000/2010-11 January 11, 2011 Chief Executive Officer Scheduled Primary (Urban) Co-operative Banks (holding AD Category I licence) Dear Sir / Madam, Interest Rates on Rupee Export Credit - UCBs Please refer to circular UBD.CO.BPD.Cir.No.1/13.05.000/2009-10 dated September 16, 2009 extending the interest subvention on rupee export credit to specified export sectors till March 31, 2010. 2. It has been decided to extend intere
RBI/2010-11/367 UBD.BPD.(PCB) Cir. No 5/13.05.000/2010-11 January 11, 2011 Chief Executive Officer Scheduled Primary (Urban) Co-operative Banks (holding AD Category I licence) Dear Sir / Madam, Interest Rates on Rupee Export Credit - UCBs Please refer to circular UBD.CO.BPD.Cir.No.1/13.05.000/2009-10 dated September 16, 2009 extending the interest subvention on rupee export credit to specified export sectors till March 31, 2010. 2. It has been decided to extend intere
Jan 10, 2011
UCBs - Opening of bank accounts - salaried employees
RBI/2010-11/363 UBD. CO. BPD. No. 35/12.05.001/2010-11 January 10, 2011 The Chief Executive Officers All Primary (urban) Co-operative Banks Dear Sir, Opening of bank accounts - salaried employees Please refer to circular UBD. No. DS. PCB. Cir. 17/13.01.00/2002-03 dated September 18, 2002 and UBD. PCB. Cir. 30/09.161.00/2004-05 dated December 15, 2004 on Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards / Combating of Financing of Terrorism (CFT) / O
RBI/2010-11/363 UBD. CO. BPD. No. 35/12.05.001/2010-11 January 10, 2011 The Chief Executive Officers All Primary (urban) Co-operative Banks Dear Sir, Opening of bank accounts - salaried employees Please refer to circular UBD. No. DS. PCB. Cir. 17/13.01.00/2002-03 dated September 18, 2002 and UBD. PCB. Cir. 30/09.161.00/2004-05 dated December 15, 2004 on Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards / Combating of Financing of Terrorism (CFT) / O
Dec 31, 2010
UCBs - Operation of bank accounts and money mules
RBI/2010-11/350 UBD. BPD. No. 33/12.05.001/2010-11 December 31, 2010 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir, Operation of bank accounts and money mules Please refer to circular UBD.No. DS. PCB. Cir. 17/13.01.00/2002-03 dated September 18, 2002, UBD PCB. Cir.30/09.161.00/ 2004-05 dated December 15, 2004 and subsequent guidelines on Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/ Combating of Financing of Terro
RBI/2010-11/350 UBD. BPD. No. 33/12.05.001/2010-11 December 31, 2010 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir, Operation of bank accounts and money mules Please refer to circular UBD.No. DS. PCB. Cir. 17/13.01.00/2002-03 dated September 18, 2002, UBD PCB. Cir.30/09.161.00/ 2004-05 dated December 15, 2004 and subsequent guidelines on Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/ Combating of Financing of Terro
Dec 28, 2010
UCBs - List of Terrorist Individuals/Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation
RBI/2010-11/337 UBD.CO.BPD.(PCB). Cir.No. 31/14.01.062/2010-11 December 28, 2010 The Chief Executive Officer of All Primary (Urban) Co-operative Banks Dear Sir/ Madam, List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular UBD.CO.BPD.(PCB). Cir.No. 29/14.01.062/2010-11 dated December 13, 2010.@@NBSP@@ We enclose, as detailed below, copies of notification (received from Government
RBI/2010-11/337 UBD.CO.BPD.(PCB). Cir.No. 31/14.01.062/2010-11 December 28, 2010 The Chief Executive Officer of All Primary (Urban) Co-operative Banks Dear Sir/ Madam, List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular UBD.CO.BPD.(PCB). Cir.No. 29/14.01.062/2010-11 dated December 13, 2010.@@NBSP@@ We enclose, as detailed below, copies of notification (received from Government
Dec 28, 2010
UCBs - KYC Norms /AML Standards /Combating Financing of Terrorism/Obligation of banks under PMLA, 2002
RBI/2010-11/336 UBD.BPD.(PCB). No.32 /12.05.001/2010-11@@NBSP@@ December 28, 2010 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir, Know Your Customer (KYC) norms / Anti-Money Laundering (AML) standards / Combating of Financing of Terrorism (CFT) / Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002. The Financial Intelligence Unit of the Ministry of Finance, Government of India have informed us that the UCBs have not
RBI/2010-11/336 UBD.BPD.(PCB). No.32 /12.05.001/2010-11@@NBSP@@ December 28, 2010 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir, Know Your Customer (KYC) norms / Anti-Money Laundering (AML) standards / Combating of Financing of Terrorism (CFT) / Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002. The Financial Intelligence Unit of the Ministry of Finance, Government of India have informed us that the UCBs have not
Dec 23, 2010
Credit Information Companies (Regulation) Act, 2005 - Grant of 'Certificate of Registration' - for commencing business of Credit Information - High Mark Credit Information Services Private Limited
RBI/2010-11/325 UBD.BPD.(PCB) Cir. No 30/09.11.200/2010-11 December 22, 2010 The Chief Executive Officer, All Primary (Urban) Co-operative Banks. Dear Sir, Credit Information Companies (Regulation) Act, 2005 - Grant of 'Certificate of Registration' - for commencing business of Credit Information - High Mark Credit Information Services Private Limited. Please refer to Circular UBD.CO.BPD.Cir.No. 60/09.11.200/2009-10 dated April 29, 2010 providing details of credit info
RBI/2010-11/325 UBD.BPD.(PCB) Cir. No 30/09.11.200/2010-11 December 22, 2010 The Chief Executive Officer, All Primary (Urban) Co-operative Banks. Dear Sir, Credit Information Companies (Regulation) Act, 2005 - Grant of 'Certificate of Registration' - for commencing business of Credit Information - High Mark Credit Information Services Private Limited. Please refer to Circular UBD.CO.BPD.Cir.No. 60/09.11.200/2009-10 dated April 29, 2010 providing details of credit info
Dec 13, 2010
List of Terrorist Individuals/Organizations - under UNSCR 1267 (1999) and 1822 (2008) on Taliban/ Al-Qaida Organization
RBI/2010-11/310 UBD.CO.BPD.(PCB). Cir.No. 29/14.01.062/2010-11 December 13, 2010 The Chief Executive Officer of All Primary (Urban) Co-operative Banks Dear Sir/ Madam, List of Terrorist Individuals/Organizations – under UNSCR 1267 (1999) and 1822 (2008) on Taliban/ Al-Qaida Organization Please refer to our circular UBD (PCB) CO.BPD.Cir No. 16/14.01.062/2010-11 dated October 19, 2010 on the above subject. We enclose a copy of note dated December 7, 2010 (received from
RBI/2010-11/310 UBD.CO.BPD.(PCB). Cir.No. 29/14.01.062/2010-11 December 13, 2010 The Chief Executive Officer of All Primary (Urban) Co-operative Banks Dear Sir/ Madam, List of Terrorist Individuals/Organizations – under UNSCR 1267 (1999) and 1822 (2008) on Taliban/ Al-Qaida Organization Please refer to our circular UBD (PCB) CO.BPD.Cir No. 16/14.01.062/2010-11 dated October 19, 2010 on the above subject. We enclose a copy of note dated December 7, 2010 (received from
Dec 10, 2010
Financial Inclusion by Extension of Banking Services - Use of Business Correspondents / Business Facilitators by Urban Co-operative Banks
RBI/2010-11/308 UBD.BPD. (PCB). Cir. No 28/09.18.300/2010-11 December 10, 2010 The Chief Executive Officers of All Urban Co-operative Banks Dear Sir / Madam Financial Inclusion by Extension of Banking Services – Use of Business Correspondents / Business Facilitators by Urban Co-operative Banks The Reserve Bank had announced in its Second Quarter Review of Monetary Policy 2010-11 that well managed and financially sound Urban Co-operative Banks (UCBs) would be allowed t
RBI/2010-11/308 UBD.BPD. (PCB). Cir. No 28/09.18.300/2010-11 December 10, 2010 The Chief Executive Officers of All Urban Co-operative Banks Dear Sir / Madam Financial Inclusion by Extension of Banking Services – Use of Business Correspondents / Business Facilitators by Urban Co-operative Banks The Reserve Bank had announced in its Second Quarter Review of Monetary Policy 2010-11 that well managed and financially sound Urban Co-operative Banks (UCBs) would be allowed t
Nov 18, 2010
Maximum Limit on Unsecured Loans and Advances
RBI/2010-11/284 UBD. BPD. (PCB) Cir. No. 21/13.05.000/2010-11 November 15, 2010 The Chief Executive Officers of All Urban Co-operative Banks Dear Sir/Madam, Maximum Limit on Unsecured Loans and Advances Please refer to our circular UBD BPD (PCB) Cir. No. 51/13.05.000/2002-03 dated April 29, 2003 and circular UBD BPD (PCB) Cir. No. 22/13.05.000/2005-06 dated December 5, 2005. The Reserve Bank had announced in its Second Quarter Review of Monetary Policy 2010-11 enhance
RBI/2010-11/284 UBD. BPD. (PCB) Cir. No. 21/13.05.000/2010-11 November 15, 2010 The Chief Executive Officers of All Urban Co-operative Banks Dear Sir/Madam, Maximum Limit on Unsecured Loans and Advances Please refer to our circular UBD BPD (PCB) Cir. No. 51/13.05.000/2002-03 dated April 29, 2003 and circular UBD BPD (PCB) Cir. No. 22/13.05.000/2005-06 dated December 5, 2005. The Reserve Bank had announced in its Second Quarter Review of Monetary Policy 2010-11 enhance
Nov 16, 2010
UCBs - Extension of Area of Operation- Liberalisation
RBI/2010-11/279 UBD.CO.LS.Cir.No.25/07.01.000/2010-11 November 16, 2010 All Primary (Urban) Cooperative Banks Dear Sir / Madam, Second Quarter Review of the Monetary Policy for 2010-11 Extension of Area of Operation- Liberalisation Please refer to paragraph 88 of the Second Quarter Review of the Monetary Policy for 2010-11 (extract appended). As announced therein, it has been decided that in view of overall improvement in the position of the sector, the existing restr
RBI/2010-11/279 UBD.CO.LS.Cir.No.25/07.01.000/2010-11 November 16, 2010 All Primary (Urban) Cooperative Banks Dear Sir / Madam, Second Quarter Review of the Monetary Policy for 2010-11 Extension of Area of Operation- Liberalisation Please refer to paragraph 88 of the Second Quarter Review of the Monetary Policy for 2010-11 (extract appended). As announced therein, it has been decided that in view of overall improvement in the position of the sector, the existing restr
Nov 16, 2010
Opening of Current Account and Subsidiary General Ledger Account with Reserve Bank and Membership of Indian Financial Network (INFINET) and Real Time Gross Settlement (RTGS) System
RBI/2010-11/277 UBD.BPD. (PCB).Cir. No.24/12.05.001/2010-11 November 16, 2010 The Chief Executive Officers of All Urban Co-operative Banks Dear Sir / Madam, Opening of Current Account and Subsidiary General Ledger Account with Reserve Bank and Membership of Indian Financial Network (INFINET) and Real Time Gross Settlement (RTGS) System In the Second Quarter Review of Monetary Policy of the Reserve Bank of India for the Year 2010-11, it was announced that Urban Co-oper
RBI/2010-11/277 UBD.BPD. (PCB).Cir. No.24/12.05.001/2010-11 November 16, 2010 The Chief Executive Officers of All Urban Co-operative Banks Dear Sir / Madam, Opening of Current Account and Subsidiary General Ledger Account with Reserve Bank and Membership of Indian Financial Network (INFINET) and Real Time Gross Settlement (RTGS) System In the Second Quarter Review of Monetary Policy of the Reserve Bank of India for the Year 2010-11, it was announced that Urban Co-oper
Nov 16, 2010
UCBs -Norms for Opening of branches and extension counters Liberalised
RBI/2010-11/280 UBD.CO.LS.Cir.No.26/07.01.000/2010-11 November 16, 2010 All Primary (Urban) Cooperative Banks Dear Sir / Madam, Second Quarter Review of the Monetary Policy for 2010-11 – Opening of branches and extension counters by Urban Cooperative Banks-Liberalised Norms Please refer to paragraph 90 of the Second Quarter Review of the Monetary Policy for 2010-11 (extract appended). As announced therein, it has been decided to liberalise the present norms for openin
RBI/2010-11/280 UBD.CO.LS.Cir.No.26/07.01.000/2010-11 November 16, 2010 All Primary (Urban) Cooperative Banks Dear Sir / Madam, Second Quarter Review of the Monetary Policy for 2010-11 – Opening of branches and extension counters by Urban Cooperative Banks-Liberalised Norms Please refer to paragraph 90 of the Second Quarter Review of the Monetary Policy for 2010-11 (extract appended). As announced therein, it has been decided to liberalise the present norms for openin
Nov 15, 2010
Exposure to Housing, Real Estate Sector and Commercial Real Estate - Urban Co-operative Banks
RBI/2010-11/276 UBD.BPD. (PCB).Cir. No. 23/13.05.000/2010-11 November 15, 2010 The Chief Executive Officers of All Urban Co-operative Banks Dear Sir/Madam, Exposure to Housing, Real Estate Sector and Commercial Real Estate – Urban Co-operative Banks Please refer to our Circular UBD (PCB) BPD Cir.No.69/09.22.010/2009-10 dated June 9, 2010. As announced in the Second Quarter Review of Monetary Policy 2010-11 (Para 95 - extract appended), it has been decided that the exp
RBI/2010-11/276 UBD.BPD. (PCB).Cir. No. 23/13.05.000/2010-11 November 15, 2010 The Chief Executive Officers of All Urban Co-operative Banks Dear Sir/Madam, Exposure to Housing, Real Estate Sector and Commercial Real Estate – Urban Co-operative Banks Please refer to our Circular UBD (PCB) BPD Cir.No.69/09.22.010/2009-10 dated June 9, 2010. As announced in the Second Quarter Review of Monetary Policy 2010-11 (Para 95 - extract appended), it has been decided that the exp
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