Notifications -Regulating Co-operative Banking - RBI - Reserve Bank of India
Notifications
Jun 16, 2008
Branch Licensing Norms for UCBs Liberalised
RBI/2007-08/367 UBD.CO.LS.Cir.No. 52 /07.01.000/2007-08 June 16, 2008 All Primary (Urban) Cooperative Banks Dear Sir/Madam Annual Policy Statement for the year 2008-09- Branch licensing norms for Primary (Urban) Cooperative banks-Liberalisation Please refer to para 211 of the Annual Policy Statement 2008-09 (copy enclosed) in terms of which, it has been decided to liberalise and rationalise the branch licensing norms for well managed and financially sound Primary (Urb
RBI/2007-08/367 UBD.CO.LS.Cir.No. 52 /07.01.000/2007-08 June 16, 2008 All Primary (Urban) Cooperative Banks Dear Sir/Madam Annual Policy Statement for the year 2008-09- Branch licensing norms for Primary (Urban) Cooperative banks-Liberalisation Please refer to para 211 of the Annual Policy Statement 2008-09 (copy enclosed) in terms of which, it has been decided to liberalise and rationalise the branch licensing norms for well managed and financially sound Primary (Urb
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Jun 16, 2008
Claims secured by residential property - Change in limits for risk weights-UCBs
RBI/2007-08/368 UBD.PCB.Cir.No. 53/13.05.000/07-08 June 16, 2008 The Chief Executive Officers of All Primary(Urban) Co-operative Banks @@NBSP@@ Dear Sir/Madam, Claims secured by residential property – Change in limits for risk weights-UCBs Please refer our circular UBD.PCB.Cir.No. 40/13.05.000/06-07 dated May 4, 2007 wherein it was decided to reduce the risk weight on the residential housing loans to individuals from the existing 75 per cent to 50 per cent as a tempor
RBI/2007-08/368 UBD.PCB.Cir.No. 53/13.05.000/07-08 June 16, 2008 The Chief Executive Officers of All Primary(Urban) Co-operative Banks @@NBSP@@ Dear Sir/Madam, Claims secured by residential property – Change in limits for risk weights-UCBs Please refer our circular UBD.PCB.Cir.No. 40/13.05.000/06-07 dated May 4, 2007 wherein it was decided to reduce the risk weight on the residential housing loans to individuals from the existing 75 per cent to 50 per cent as a tempor
Jun 12, 2008
Banking facilities to the visually challenged - UCBs
RBI/2007-2008/364UBD. CO. BPD. (PCB). No51/09.39.000/2007-08 June 12, 2008 The Chief Executive Officers, All Primary (Urban) Co-operative Banks Dear Sir/ Madam, Banking facilities to the visually challenged - UCBs It has been brought to the notice of the Reserve Bank 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
RBI/2007-2008/364UBD. CO. BPD. (PCB). No51/09.39.000/2007-08 June 12, 2008 The Chief Executive Officers, All Primary (Urban) Co-operative Banks Dear Sir/ Madam, Banking facilities to the visually challenged - UCBs It has been brought to the notice of the Reserve Bank 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
Jun 02, 2008
Union Budget - 2008-09 - Agricultural Debt Waiver and Debt Relief Scheme, 2008-UCBs
RBI /2007-2008/347UBD. PCB.Cir.No.49/13.05.000/2007-08June 2, 2008The Chief Executive Officer,All Primary (Urban) Co-operative Banks Dear Sir,Union Budget – 2008-09 – Agricultural Debt Waiver and Debt Relief Scheme, 2008-UCBs Please refer to our circular UBD.PCB.Cir. No.43/13.05.000/2007-08 dated May 23, 2008, and the Agricultural Debt Waiver and Debt Relief Scheme, 2008, forwarded therewith. 2. In this connection, supplementary explanatory instructions issued by Gove
RBI /2007-2008/347UBD. PCB.Cir.No.49/13.05.000/2007-08June 2, 2008The Chief Executive Officer,All Primary (Urban) Co-operative Banks Dear Sir,Union Budget – 2008-09 – Agricultural Debt Waiver and Debt Relief Scheme, 2008-UCBs Please refer to our circular UBD.PCB.Cir. No.43/13.05.000/2007-08 dated May 23, 2008, and the Agricultural Debt Waiver and Debt Relief Scheme, 2008, forwarded therewith. 2. In this connection, supplementary explanatory instructions issued by Gove
Jun 02, 2008
Union Budget - 2008-09 - Agricultural Debt Waiver and Debt Relief Scheme, 2008-UCBs
RBI / 2007-08/348UBD.PCB.Cir.No.50/13.05.000/2007-08June 2, 2008The Chief Executive Officer,All Primary (Urban) Co-operative Banks Dear Sir,Union Budget – 2008-09 – Agricultural Debt Waiver and Debt Relief Scheme, 2008-UCBs Please refer to our circular UBD.PCB.Cir. No.43/13.05.000/2007-08 dated May 23, 2008, and the Agricultural Debt Waiver and Debt Relief Scheme, 2008, forwarded therewith. Your attention is also invited to our circular UBD.PCB.Cir.No.49/13.05.000/200
RBI / 2007-08/348UBD.PCB.Cir.No.50/13.05.000/2007-08June 2, 2008The Chief Executive Officer,All Primary (Urban) Co-operative Banks Dear Sir,Union Budget – 2008-09 – Agricultural Debt Waiver and Debt Relief Scheme, 2008-UCBs Please refer to our circular UBD.PCB.Cir. No.43/13.05.000/2007-08 dated May 23, 2008, and the Agricultural Debt Waiver and Debt Relief Scheme, 2008, forwarded therewith. Your attention is also invited to our circular UBD.PCB.Cir.No.49/13.05.000/200
May 26, 2008
Mahila Urban Co-operative Banks-Membership
RBI/2007-2008/334UBD.PCB.Cir.No.48/13.05.007/07-08May 26, 2008The Chief Executive Officers ofAll Mahila Primary (Urban) Co-operative Banks(As per the list enclosed)Dear Sir/Madam,Mahila Urban Co-operative Banks-Membership As per the extant licensing policy and procedures, membership of Mahila UCBs is exclusively confined to women. Mahila banks should not resort to enrolment of male members as ‘A’ category or nominal members except as nominal members for the purpose of
RBI/2007-2008/334UBD.PCB.Cir.No.48/13.05.007/07-08May 26, 2008The Chief Executive Officers ofAll Mahila Primary (Urban) Co-operative Banks(As per the list enclosed)Dear Sir/Madam,Mahila Urban Co-operative Banks-Membership As per the extant licensing policy and procedures, membership of Mahila UCBs is exclusively confined to women. Mahila banks should not resort to enrolment of male members as ‘A’ category or nominal members except as nominal members for the purpose of
May 26, 2008
Installation of Automatic Teller Machines -UCBs
RBI/2007-2008/332UBD.PCB.Cir.No. 46 /09.69.000/07-08May 26, 2008The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam,Annual Policy Statement for the year 2008-09Installation of Automatic Teller Machines (ATMs) -UCBs. Please refer to our circular UBD.PCB.BPD.Cir.No. 50/09.69.000/05-06 dated April 28, 2006 on the above subject. 2. As announced in the Annual Policy Statement for the year 2008-09 dated April 29, 2008 (extract enclosed), th
RBI/2007-2008/332UBD.PCB.Cir.No. 46 /09.69.000/07-08May 26, 2008The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam,Annual Policy Statement for the year 2008-09Installation of Automatic Teller Machines (ATMs) -UCBs. Please refer to our circular UBD.PCB.BPD.Cir.No. 50/09.69.000/05-06 dated April 28, 2006 on the above subject. 2. As announced in the Annual Policy Statement for the year 2008-09 dated April 29, 2008 (extract enclosed), th
May 26, 2008
Provisioning Requirement for Standard Assets- UCBs
RBI/2007-08/333 UBD.PCB.Cir.No. 47/09.11.600/07-08 May@@NBSP@@ 26, 2008 The Chief Executive Officers of All Salary Earners' (Urban) Co-operative Banks Provisioning Requirement for Standard Assets- UCBs Please refer to our circular UBD.PCB.Cir.No.30/09.11.600/06-07 dated February 19, 2007 enhancing the provisioning requirement for standard assets in respect of personal loans, loans and advances qualifying as capital market exposure and real estate loans (excluding resi
RBI/2007-08/333 UBD.PCB.Cir.No. 47/09.11.600/07-08 May@@NBSP@@ 26, 2008 The Chief Executive Officers of All Salary Earners' (Urban) Co-operative Banks Provisioning Requirement for Standard Assets- UCBs Please refer to our circular UBD.PCB.Cir.No.30/09.11.600/06-07 dated February 19, 2007 enhancing the provisioning requirement for standard assets in respect of personal loans, loans and advances qualifying as capital market exposure and real estate loans (excluding resi
May 23, 2008
Agricultural Debt Waiver and Debt Relief Scheme, 2008 -UCBs
RBI/2007-2008/331UBD.PCB.Cir.No. 43/13.05.000/07-08May 23, 2008The Chief Executive Officersof All Primary(Urban) Co-operative Banks Dear Sir/Madam,Union Budget – 2008-09 – Agricultural Debt Waiver and Debt Relief Scheme, 2008 -UCBsAs 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 all scheduled commercial banks, RRBs and co-operative credi
RBI/2007-2008/331UBD.PCB.Cir.No. 43/13.05.000/07-08May 23, 2008The Chief Executive Officersof All Primary(Urban) Co-operative Banks Dear Sir/Madam,Union Budget – 2008-09 – Agricultural Debt Waiver and Debt Relief Scheme, 2008 -UCBsAs 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 all scheduled commercial banks, RRBs and co-operative credi
May 15, 2008
Undertaking Insurance business-UCBs
RBI/2008/ 323 UBD.PCB.Cir.No.44/09.11.200/07-08 May 15, 2008 The Chief Executive Officer of All Primary (Urban) Co-operative Banks Dear Sir/Madam, Annual Policy Statement for the Year 2008-09 - Undertaking Insurance business-UCBs. Please refer to para 212 of the Annual Policy Statement for the year 2008-09 dated April 29, 2008 (copy enclosed). 2. In terms of our circular UBD.BPD.PCB.Cir.No 35/09.112.00/04-05 dated January 24, 2005, all scheduled UCBs having a minimum
RBI/2008/ 323 UBD.PCB.Cir.No.44/09.11.200/07-08 May 15, 2008 The Chief Executive Officer of All Primary (Urban) Co-operative Banks Dear Sir/Madam, Annual Policy Statement for the Year 2008-09 - Undertaking Insurance business-UCBs. Please refer to para 212 of the Annual Policy Statement for the year 2008-09 dated April 29, 2008 (copy enclosed). 2. In terms of our circular UBD.BPD.PCB.Cir.No 35/09.112.00/04-05 dated January 24, 2005, all scheduled UCBs having a minimum
May 15, 2008
Revision of Individual Housing Loan Limits- UCBs
RBI/2008/322 UBD.PCB.Cir.No.42 /09.09.001/08-09 May 15, 2008 The Chief Executive Officers of All Primary(Urban) Co-operative Banks Dear Sir/Madam, Revision of Individual Housing Loan Limits- Annual Policy Statement for the Year 2008-09-UCBs Please refer to our circular UBD.PCB.Cir.No.16/09.09.001/06-07 dated October 17, 2006 permitting UCBs to extend individual housing loans up to the limit of Rs 25.00 lakh per beneficiary of a dwelling unit. 2. In this connection a r
RBI/2008/322 UBD.PCB.Cir.No.42 /09.09.001/08-09 May 15, 2008 The Chief Executive Officers of All Primary(Urban) Co-operative Banks Dear Sir/Madam, Revision of Individual Housing Loan Limits- Annual Policy Statement for the Year 2008-09-UCBs Please refer to our circular UBD.PCB.Cir.No.16/09.09.001/06-07 dated October 17, 2006 permitting UCBs to extend individual housing loans up to the limit of Rs 25.00 lakh per beneficiary of a dwelling unit. 2. In this connection a r
May 12, 2008
UCBs - Settlement of Claims in respect of Missing Persons
RBI/2007-08/317 UBD (PCB) BPD Cir No: 45 /13.01.000/2007-08 May 12, 2008 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, Settlement of claims in respect of missing persons A query has been raised regarding the system which should be followed by urban co-operative banks (UCBs) 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
RBI/2007-08/317 UBD (PCB) BPD Cir No: 45 /13.01.000/2007-08 May 12, 2008 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, Settlement of claims in respect of missing persons A query has been raised regarding the system which should be followed by urban co-operative banks (UCBs) 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
Apr 30, 2008
UCBs - Increase in CRR
RBI/2007-2008/307 Ref: UBD (PCB).No./5 /12.03.000/2007-08 April 30,@@NBSP@@ 2008 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934- Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI 2007-2008/293 UBD (PCB) Cir. No.4/12.03.000/2007-08 dated April 22, 2008 on the captioned subject.@@NBSP@@ As set out in the Governor's Annual Policy statement for the year 2008
RBI/2007-2008/307 Ref: UBD (PCB).No./5 /12.03.000/2007-08 April 30,@@NBSP@@ 2008 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934- Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI 2007-2008/293 UBD (PCB) Cir. No.4/12.03.000/2007-08 dated April 22, 2008 on the captioned subject.@@NBSP@@ As set out in the Governor's Annual Policy statement for the year 2008
Apr 22, 2008
UCBs - CRR Increased
RBI/2007-2008/293 Ref: UBD (PCB).No./4 /12.03.000/2007-08 April 22, 2008 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934- Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI 2007-2008/177 UBD (PCB) Cir. No.3/12.03.000/2007-08 dated November 01, 2007 on the captioned subject. @@NBSP@@On a review of the current liquidity situation, it has been decided to incr
RBI/2007-2008/293 Ref: UBD (PCB).No./4 /12.03.000/2007-08 April 22, 2008 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934- Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI 2007-2008/177 UBD (PCB) Cir. No.3/12.03.000/2007-08 dated November 01, 2007 on the captioned subject. @@NBSP@@On a review of the current liquidity situation, it has been decided to incr
Apr 21, 2008
Professionalisation of Managements of Urban Co-operative Banks
RBI/2007-08/286 UBD.PCB.Cir.No.41 /09.103.01/2007-08 April 21, 2008 The Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir /Madam, Professionalisation of Managements of Urban Co-operative Banks Please refer to our circular UBD No PCB CIR.POT.39/09.103.01/2001-02 dated April 5, 2002 on the captioned subject. 2. In terms of paragraphs 2 and 3 of the aforesaid circular, all urban co-operative banks were advised to amend their bye-laws to incorpor
RBI/2007-08/286 UBD.PCB.Cir.No.41 /09.103.01/2007-08 April 21, 2008 The Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir /Madam, Professionalisation of Managements of Urban Co-operative Banks Please refer to our circular UBD No PCB CIR.POT.39/09.103.01/2001-02 dated April 5, 2002 on the captioned subject. 2. In terms of paragraphs 2 and 3 of the aforesaid circular, all urban co-operative banks were advised to amend their bye-laws to incorpor
Apr 15, 2008
UCBs - Cheque Collection Policy
RBI/2007-2008/281UBD (PCB) BPD Cir No 40/ 09.39.000/ 2007-08April 15, 2008 ToThe Chief Executive Officers ofAll Scheduled Primary (Urban) Co-operative banks Dear Sir, Committee on Procedures and Performance Audit on Public Services (CPPAPS)- Formulating policy for (i) Immediate Credit of local / outstation cheques (ii) Time Frame for Collection of local / outstation cheques and (iii) Interest Payment for delayed collectionAs you are aware, Reserve Bank has been issuin
RBI/2007-2008/281UBD (PCB) BPD Cir No 40/ 09.39.000/ 2007-08April 15, 2008 ToThe Chief Executive Officers ofAll Scheduled Primary (Urban) Co-operative banks Dear Sir, Committee on Procedures and Performance Audit on Public Services (CPPAPS)- Formulating policy for (i) Immediate Credit of local / outstation cheques (ii) Time Frame for Collection of local / outstation cheques and (iii) Interest Payment for delayed collectionAs you are aware, Reserve Bank has been issuin
Apr 02, 2008
Income recognition, asset classification and provisioning norms-UCBs
RBI/2007-08/273 UBD. PCB.Cir No. 38 / 09.14.000/ 2007-08 April 2, 2008 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam, Income recognition, asset classification and provisioning norms-UCBs Please refer to our circular UBD. PCB. Cir No. 38/ 09.14.000/ 2006-07 dated April 30, 2007 on the above subject wherein inter alia the 180 day loan delinquency norm for NPAs was extended by one year i.e. up to March 31, 2008 for Tier I UCBs.@@NB
RBI/2007-08/273 UBD. PCB.Cir No. 38 / 09.14.000/ 2007-08 April 2, 2008 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam, Income recognition, asset classification and provisioning norms-UCBs Please refer to our circular UBD. PCB. Cir No. 38/ 09.14.000/ 2006-07 dated April 30, 2007 on the above subject wherein inter alia the 180 day loan delinquency norm for NPAs was extended by one year i.e. up to March 31, 2008 for Tier I UCBs.@@NB
Mar 12, 2008
Customer charges for use of ATMs for cash withdrawal and balance enquiry - UCBs
RBI/2007-2008/263 UBD. CO. BPD. (PCB) No.36 /12.05.001/2007-08 March 12, 2008 CEOs of All Primary (Urban) Co-operative Banks Dear Sir, Customer charges for use of ATMs for cash withdrawal and balance enquiry - UCBs 1. Automated Teller Machines (ATMs) have gained prominence as a delivery channel for banking transactions in India. Banks have been deploying ATMs to increase their reach. While ATMs facilitate a variety of banking transactions for customers, their main uti
RBI/2007-2008/263 UBD. CO. BPD. (PCB) No.36 /12.05.001/2007-08 March 12, 2008 CEOs of All Primary (Urban) Co-operative Banks Dear Sir, Customer charges for use of ATMs for cash withdrawal and balance enquiry - UCBs 1. Automated Teller Machines (ATMs) have gained prominence as a delivery channel for banking transactions in India. Banks have been deploying ATMs to increase their reach. While ATMs facilitate a variety of banking transactions for customers, their main uti
Mar 07, 2008
Classification of UCBs for Regulatory Purposes - Revised Norms
RBI/2007-2008/259UBD (PCB).Cir.No.35 /09.20.001/07-08 March 7, 2008The Chief Executives ofall Primary( Urban) Cooperative BanksDear Sir/Madam,Classification of UCBs for Regulatory Purposes - Revised NormsAs you are aware, banks are being categorized for regulatory purposes as under:(a) Tier I Banks: Unit banks i.e. banks having a single branch / HO with deposits up to Rs. 100 crore and banks having multiple branches within a single district with deposits up to Rs. 100
RBI/2007-2008/259UBD (PCB).Cir.No.35 /09.20.001/07-08 March 7, 2008The Chief Executives ofall Primary( Urban) Cooperative BanksDear Sir/Madam,Classification of UCBs for Regulatory Purposes - Revised NormsAs you are aware, banks are being categorized for regulatory purposes as under:(a) Tier I Banks: Unit banks i.e. banks having a single branch / HO with deposits up to Rs. 100 crore and banks having multiple branches within a single district with deposits up to Rs. 100
Mar 03, 2008
Guidelines for Relief Measures by Banks to Poultry Industry (2008)-UCBs
RBI/2007-2008/253 UBD.PCB.Cir.No. 34 /09.14.000/07-08 March 3, 2008. The Chief Executive Officersof All Primary(Urban) Co-operative Banks Dear Sir/MadamGuidelines for Relief Measures by Banks to Poultry Industry (2008)-UCBsAs you are aware, there have been instances of outbreak of Avian Influenza (bird flu) in some areas of the country. Keeping in view the loss of income that has occurred due to culling of birds as well as steep fall in the demand for poultry products
RBI/2007-2008/253 UBD.PCB.Cir.No. 34 /09.14.000/07-08 March 3, 2008. The Chief Executive Officersof All Primary(Urban) Co-operative Banks Dear Sir/MadamGuidelines for Relief Measures by Banks to Poultry Industry (2008)-UCBsAs you are aware, there have been instances of outbreak of Avian Influenza (bird flu) in some areas of the country. Keeping in view the loss of income that has occurred due to culling of birds as well as steep fall in the demand for poultry products
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