Notifications -Regulating Co-operative Banking - RBI - Reserve Bank of India
Notifications
Nov 24, 2005
Financial Inclusion - UCBs
RBI/2005-06/220 UBD. BPD. Cir No.19 /13.01.000//2005-06 November 24, 2005 To Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir/Madam, Financial Inclusion – UCBs Please refer to Paragraph 96 of the Mid-term Review of Annual Policy Statement for the year 2005-06. 2. The Annual Policy Statement of April 2005, while recognizing the concerns in regard to the banking practices that tend to exclude rather than attract vast sections of population, urged
RBI/2005-06/220 UBD. BPD. Cir No.19 /13.01.000//2005-06 November 24, 2005 To Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir/Madam, Financial Inclusion – UCBs Please refer to Paragraph 96 of the Mid-term Review of Annual Policy Statement for the year 2005-06. 2. The Annual Policy Statement of April 2005, while recognizing the concerns in regard to the banking practices that tend to exclude rather than attract vast sections of population, urged
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Nov 24, 2005
UCBs - Additional Provisioning required for Standard Assets
RBI/2005-06/219 UBD. PCB.Cir No. 20/ 09.11.600/ 2005-06 November 24, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/ Madam Mid-Term Review of Annual Policy Statement for the year 2005-06: Additional Provisioning Requirement for Standard Assets-UCBs In terms of the extant prudential guidelines, the standard assets attract a uniform provisioning requirement of 0.25 per cent of the funded outstanding on a portfolio basis. Traditional
RBI/2005-06/219 UBD. PCB.Cir No. 20/ 09.11.600/ 2005-06 November 24, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/ Madam Mid-Term Review of Annual Policy Statement for the year 2005-06: Additional Provisioning Requirement for Standard Assets-UCBs In terms of the extant prudential guidelines, the standard assets attract a uniform provisioning requirement of 0.25 per cent of the funded outstanding on a portfolio basis. Traditional
Nov 22, 2005
Merger/ Amalgamation of UCBs-Amortisation of Losses Mid-Term Review of Annual Policy Statement for the year 2005-06
RBI/2005-06/217 UBD.BPD.PCB.Cir.18/ 09.16.901/2005-06 November 22, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, Merger/ Amalgamation of UCBs-Amortisation of Losses Mid-Term Review of Annual Policy Statement for the year 2005-06 Please refer to the circular UBD (PCB) Cir.36/09.169.00/2004-05 dated February 2, 2005 forwarding the guidelines on merger/ amalgamation of UCBs. In this connection, an extract of para 109 of the
RBI/2005-06/217 UBD.BPD.PCB.Cir.18/ 09.16.901/2005-06 November 22, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, Merger/ Amalgamation of UCBs-Amortisation of Losses Mid-Term Review of Annual Policy Statement for the year 2005-06 Please refer to the circular UBD (PCB) Cir.36/09.169.00/2004-05 dated February 2, 2005 forwarding the guidelines on merger/ amalgamation of UCBs. In this connection, an extract of para 109 of the
Nov 22, 2005
UCBs - Interest Rate Ceiling on NRE Deposits Revised
RBI/2005-06/216 UBD.PCB. No. Cir17 /13.01.000/2005-06 November 22, 2005 The Chief Executive Officers of All Primary (urban) Co-operative Banks Dear Sir/Madam, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to our circular UBD.PCB.Cir 27/13.01.00/04-05 forwarding therewith directive UBD.No. Dir 1/13.01.00/04-05 dated 01.11.2004 on the above subject. We advise that on a review, it has been decided that until further notice and with effect fro
RBI/2005-06/216 UBD.PCB. No. Cir17 /13.01.000/2005-06 November 22, 2005 The Chief Executive Officers of All Primary (urban) Co-operative Banks Dear Sir/Madam, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to our circular UBD.PCB.Cir 27/13.01.00/04-05 forwarding therewith directive UBD.No. Dir 1/13.01.00/04-05 dated 01.11.2004 on the above subject. We advise that on a review, it has been decided that until further notice and with effect fro
Oct 20, 2005
Donations/Contributions for public/charitable purposes out of profits of UCBs
RBI/2005-06/186 UBD(PCB)/BPD/Cir.15 /09.72.000 /2005-06 October 20, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam, Donations/Contributions for public/charitable purposes out of profits of UCBs Please refer to our circular UBD(PCB). / BPD/Cir. 43 /09.72.00 /2004-05 dated April 11, 2005 on the captioned subject. 2. In this context, it is clarified that banks carrying accumulated losses in their balance sheet are not eligible
RBI/2005-06/186 UBD(PCB)/BPD/Cir.15 /09.72.000 /2005-06 October 20, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam, Donations/Contributions for public/charitable purposes out of profits of UCBs Please refer to our circular UBD(PCB). / BPD/Cir. 43 /09.72.00 /2004-05 dated April 11, 2005 on the captioned subject. 2. In this context, it is clarified that banks carrying accumulated losses in their balance sheet are not eligible
Oct 06, 2005
Loans and Advances to Directors of UCBs
RBI/2005-06/175 UBD.PCB.CIR.No.14/13.05.000/05-06 October 6, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, Loans and advances to directors, relatives and firms/concerns in which they are interested-UCBs Please refer to our circulars UBD.PCB.CIR.50/13.05.00/2002-03 and UBD.BPD.Cir.No. 54/13.05.00/02-03 dated April 29, 2003 and June 24, 2003 respectively, prohibiting UCBs from extending any loans and advances (both secured
RBI/2005-06/175 UBD.PCB.CIR.No.14/13.05.000/05-06 October 6, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, Loans and advances to directors, relatives and firms/concerns in which they are interested-UCBs Please refer to our circulars UBD.PCB.CIR.50/13.05.00/2002-03 and UBD.BPD.Cir.No. 54/13.05.00/02-03 dated April 29, 2003 and June 24, 2003 respectively, prohibiting UCBs from extending any loans and advances (both secured
Sep 29, 2005
UCBs - List of Reserved Items for Exclusive Manufacture by SSIs amended
RBI/2005-06/170 UBD(PCB). Cir 13/09.09.01/2005-06 September 29, 2005 The Chief Executive Officers of All Primary (Urban ) Co-operative Banks Dear Sir, Notification No.S.O.420(E) dated March 28, 2005 regarding changes in the list of reserved items for exclusive manufacture in the Small Scale Sector-UCBs We advise that Government of India, Ministry of Commerce & Industry (Department of Industrial Policy and Promotion) have since issued a Gazette Notification S.O. 42
RBI/2005-06/170 UBD(PCB). Cir 13/09.09.01/2005-06 September 29, 2005 The Chief Executive Officers of All Primary (Urban ) Co-operative Banks Dear Sir, Notification No.S.O.420(E) dated March 28, 2005 regarding changes in the list of reserved items for exclusive manufacture in the Small Scale Sector-UCBs We advise that Government of India, Ministry of Commerce & Industry (Department of Industrial Policy and Promotion) have since issued a Gazette Notification S.O. 42
Aug 23, 2005
UCBs - KYC Guidelines - Anti-Money Laundering Standards
RBI/2005-06/137 UBD.BPD. PCB. Cir.11 /09.161.00/2005-06 August 23, 2005 The Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir, Know Your Customer Guidelines : Anti-Money Laundering Standards-UCBs Please refer to our circular UBD.PCB.Cir.30/09.161.00/2004-05 dated December 15, 2004 on the above subject. In terms of the above circular, banks were advised to formulate a customer acceptance policy and customer identification procedure to be follo
RBI/2005-06/137 UBD.BPD. PCB. Cir.11 /09.161.00/2005-06 August 23, 2005 The Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir, Know Your Customer Guidelines : Anti-Money Laundering Standards-UCBs Please refer to our circular UBD.PCB.Cir.30/09.161.00/2004-05 dated December 15, 2004 on the above subject. In terms of the above circular, banks were advised to formulate a customer acceptance policy and customer identification procedure to be follo
Aug 09, 2005
UCBs - Risk Weight on Housing Finance/Commercial Real Estate Exposures
RBI/2005-06/ 101 UBD.PCB.Cir.No.8 /09.116.00/05-06 August 9, 2005. The Chief Executive Officers of all Primary (Urban) co-operative Banks Dear Sir/Madam, Prudential norms on capital adequacy – Risk weight on housing finance/commercial real estate exposures-UCBs Please refer to our circular UBD.PCB.Cir.33/09.116.00/04-05 dated 05.01.2005 in terms of which the risk weights for banks’ exposure on housing loans which are fully secured by mortgage of residential housing pr
RBI/2005-06/ 101 UBD.PCB.Cir.No.8 /09.116.00/05-06 August 9, 2005. The Chief Executive Officers of all Primary (Urban) co-operative Banks Dear Sir/Madam, Prudential norms on capital adequacy – Risk weight on housing finance/commercial real estate exposures-UCBs Please refer to our circular UBD.PCB.Cir.33/09.116.00/04-05 dated 05.01.2005 in terms of which the risk weights for banks’ exposure on housing loans which are fully secured by mortgage of residential housing pr
Aug 09, 2005
UCBs - Risk Weight for Capital Market Exposure
RBI/2005-06/102 UBD.PCB. Cir.No.9/13.05.00/05-06 August 9, 2005. The Chief Executive Officers of All Primary (urban) Co-operative Banks Dear Sir /Madam, Risk Weight for Capital Market Exposure-UCBs As you are aware, as part of capital market exposure, UCBs are permitted to extend loans against the primary / collateral security of shares/ debentures upto Rs. 5 lakh if the security is in physical form and upto Rs. 10 lakh if the security is in demat form. Further UCBs c
RBI/2005-06/102 UBD.PCB. Cir.No.9/13.05.00/05-06 August 9, 2005. The Chief Executive Officers of All Primary (urban) Co-operative Banks Dear Sir /Madam, Risk Weight for Capital Market Exposure-UCBs As you are aware, as part of capital market exposure, UCBs are permitted to extend loans against the primary / collateral security of shares/ debentures upto Rs. 5 lakh if the security is in physical form and upto Rs. 10 lakh if the security is in demat form. Further UCBs c
Aug 03, 2005
Facilitating opening of bank accounts for flood affected persons
RBI/2005-06/92 UBD.PCB.Cir. No. 6 / 09.161.00/2005-06 August 3, 2005 The Chief Executives Officers of All Primary (urban) Co-operative Banks Dear Sir/Madam Facilitating opening of bank accounts for flood affected persons Please refer to our circular UBD.PCB.Cir.30/09.161.00/2004-05 dated 15.12.2004 on Know Your Customer Guidelines (KYC) – Anti Money Laundering Standards. In terms of the above circular, banks were advised to formulate a customer acceptance policy and c
RBI/2005-06/92 UBD.PCB.Cir. No. 6 / 09.161.00/2005-06 August 3, 2005 The Chief Executives Officers of All Primary (urban) Co-operative Banks Dear Sir/Madam Facilitating opening of bank accounts for flood affected persons Please refer to our circular UBD.PCB.Cir.30/09.161.00/2004-05 dated 15.12.2004 on Know Your Customer Guidelines (KYC) – Anti Money Laundering Standards. In terms of the above circular, banks were advised to formulate a customer acceptance policy and c
Jul 14, 2005
UCBs - Procedure for settlement of claims relating to Deceased Depositors Simplified
RBI/2005-06/61 UBD.BPD.Cir.No.4 /13.01.00/2005-06 July 14, 2005 To The Chief Executive Officers of Primary (Urban) Cooperative Banks Dear Sir, Settlement of claims in respect of deceased depositors – Simplification of Procedure - UCBs Pursuant to the announcement in the Mid-Term Review of the Annual Policy of the RBI on November 3, 2003, the Committee on Procedure and Performance Audit on Public Services (CPPAPS) was constituted by the RBI with a view to improving the
RBI/2005-06/61 UBD.BPD.Cir.No.4 /13.01.00/2005-06 July 14, 2005 To The Chief Executive Officers of Primary (Urban) Cooperative Banks Dear Sir, Settlement of claims in respect of deceased depositors – Simplification of Procedure - UCBs Pursuant to the announcement in the Mid-Term Review of the Annual Policy of the RBI on November 3, 2003, the Committee on Procedure and Performance Audit on Public Services (CPPAPS) was constituted by the RBI with a view to improving the
Jul 13, 2005
UCBs - Maximum Limit on advances - limits on credit exposure to individuals / group of borrowers
RBI/2005-06/52 UBD.DS. Cir.No.3/13.05.00/2005-06 July 13, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam, Maximum Limit on advances-Limits on credit exposure to individuals /group of borrowers - UCBs Please refer to our circular UBD.DS. Cir.No.44/13.05.00/2004-05 dated April 15, 2005 on the above subject advising banks to fix the prudential exposure limits at 15 per cent and 40 per cent of the 'Capital Funds' in case of sing
RBI/2005-06/52 UBD.DS. Cir.No.3/13.05.00/2005-06 July 13, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam, Maximum Limit on advances-Limits on credit exposure to individuals /group of borrowers - UCBs Please refer to our circular UBD.DS. Cir.No.44/13.05.00/2004-05 dated April 15, 2005 on the above subject advising banks to fix the prudential exposure limits at 15 per cent and 40 per cent of the 'Capital Funds' in case of sing
Jul 04, 2005
Income Recognition and Asset Classification Norms-UCBs
RBI/2005-06/41 UBD (PCB).Cir.No.1/09.140.00/05-06 July 4, 2005 The Chief Executives of all Primary( Urban) Cooperative Banks Dear Sir/Madam, Income Recognition and Asset Classification Norms-UCBs Please refer to Master Circular dated UBD.BSD.IP.MC.No.15/12.05.05/2004-05 dated December 2, 2004 on Prudential Norms on Income Recognition, Asset Classification, Provisioning and Other Related Mattes as also the following circulars on the above subject: i. UBD.BSD.I.PCB.No.1
RBI/2005-06/41 UBD (PCB).Cir.No.1/09.140.00/05-06 July 4, 2005 The Chief Executives of all Primary( Urban) Cooperative Banks Dear Sir/Madam, Income Recognition and Asset Classification Norms-UCBs Please refer to Master Circular dated UBD.BSD.IP.MC.No.15/12.05.05/2004-05 dated December 2, 2004 on Prudential Norms on Income Recognition, Asset Classification, Provisioning and Other Related Mattes as also the following circulars on the above subject: i. UBD.BSD.I.PCB.No.1
Jun 20, 2005
Sale of Securities allotted in Primary Issues - UCBs
RBI. 2004-05/498 UBD(PCB)/Cir. 51 /09.80.00/2004-05 June 20, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam Sale of Securities allotted in Primary Issues - UCBs Please refer to our circular UBD.No. POT.CIR.PCB.39/09.29.00/2000-2001 dated April 18, 2001 on the captioned subject. As per the extant instructions, the sale contract in respect of securities allotted to successful bidders in primary issues on the day of allotment,
RBI. 2004-05/498 UBD(PCB)/Cir. 51 /09.80.00/2004-05 June 20, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam Sale of Securities allotted in Primary Issues - UCBs Please refer to our circular UBD.No. POT.CIR.PCB.39/09.29.00/2000-2001 dated April 18, 2001 on the captioned subject. As per the extant instructions, the sale contract in respect of securities allotted to successful bidders in primary issues on the day of allotment,
Jun 20, 2005
Government Securities Transactions - T+1 Settlement - UCBs
RBI .2004-05/497 UBD(PCB)/Cir.50/09.80.00/2004-05 June 20, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam Government Securities Transactions – T+1 Settlement - UCBs Please refer to our circular UBD.BPD. Cir 44/09.29.00/2003-04 dated April 12, 2004 on the captioned subject. In the Annual Policy Statement for the year 2005-06 announced on April 28, 2005 (extract of para 74 enclosed), it was proposed that the settlement system
RBI .2004-05/497 UBD(PCB)/Cir.50/09.80.00/2004-05 June 20, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam Government Securities Transactions – T+1 Settlement - UCBs Please refer to our circular UBD.BPD. Cir 44/09.29.00/2003-04 dated April 12, 2004 on the captioned subject. In the Annual Policy Statement for the year 2005-06 announced on April 28, 2005 (extract of para 74 enclosed), it was proposed that the settlement system
Jun 20, 2005
Ready Forward Contracts - UCBs
RBI. 2004-05/496 UBD(PCB)/ Cir.49 /09.80.00/2004-05 June 20, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam, Ready Forward Contracts - UCBs Please refer to paragraph 10 of our master circular UBD. BPD(PCB) MC No: 16/16.20.00/2004-05 dated February 18, 2005 in terms of which primary (urban) co-operative banks maintaining a Subsidiary General Ledger (SGL) account with Reserve Bank of India, Mumbai and any scheduled bank which
RBI. 2004-05/496 UBD(PCB)/ Cir.49 /09.80.00/2004-05 June 20, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam, Ready Forward Contracts - UCBs Please refer to paragraph 10 of our master circular UBD. BPD(PCB) MC No: 16/16.20.00/2004-05 dated February 18, 2005 in terms of which primary (urban) co-operative banks maintaining a Subsidiary General Ledger (SGL) account with Reserve Bank of India, Mumbai and any scheduled bank which
May 17, 2005
Enhancement in SSI Investment Limit in respect of Sports Goods- UCBs
RBI/2004-05/472 UBD(PCB). Cir 48 /09.09.01/2004-05 May 17, 2005 The Chief Executive Officers of All Primary (Urban ) Co-operative Banks Dear Sir, Enhancement in SSI Investment Limit in respect of Sports Goods- UCBs Please refer to our circular UBD.CO. BPD. 38/09.09.01/2003-04 dated March 19, 2004 regarding enhancement in the ceiling on investment in plant and machinery from Rs.1 crore to Rs.5 crore in respect of certain items reserved for manufacture in the SSI Sector
RBI/2004-05/472 UBD(PCB). Cir 48 /09.09.01/2004-05 May 17, 2005 The Chief Executive Officers of All Primary (Urban ) Co-operative Banks Dear Sir, Enhancement in SSI Investment Limit in respect of Sports Goods- UCBs Please refer to our circular UBD.CO. BPD. 38/09.09.01/2003-04 dated March 19, 2004 regarding enhancement in the ceiling on investment in plant and machinery from Rs.1 crore to Rs.5 crore in respect of certain items reserved for manufacture in the SSI Sector
May 04, 2005
Frauds - Classification and Reporting
RBI /2004-05/453 UBD. No. BPD. IP.Cir 46 / 12.03.00 / 2004- 05 May 4, 2005 The Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir, Frauds - Classification and Reporting Please refer to our Master Circular No. BSD. IP. 15 /12.03.00 / 2003 -04 dated September 19, 2003 and amended Circular Ref. No. UBD. CO. BPD. IP cir. 4/12.05.01/2004-05 dated July 15, 2004 on the captioned subject. In terms of paragraph 5.1 (iii) of the Master Circular primary
RBI /2004-05/453 UBD. No. BPD. IP.Cir 46 / 12.03.00 / 2004- 05 May 4, 2005 The Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir, Frauds - Classification and Reporting Please refer to our Master Circular No. BSD. IP. 15 /12.03.00 / 2003 -04 dated September 19, 2003 and amended Circular Ref. No. UBD. CO. BPD. IP cir. 4/12.05.01/2004-05 dated July 15, 2004 on the captioned subject. In terms of paragraph 5.1 (iii) of the Master Circular primary
Apr 19, 2005
Loans and advances to directors etc- directors as surety/gurantors- Clarification-UCBs
RBI/2004-05/430 UBD(PCB). CIR.No. 45/13.05.00/04-05 April 19, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam, Loans and advances to directors etc- directors as surety/gurantors- Clarification-UCBs Please refer to our circular UBD.PCB.CIR.10/13.05.00/04-05 dated August 7, 2004 advising UCBs that the directors and relatives cannot stand as surety/guarantor to the loans and advances (both secured and unsecured) sanctioned by th
RBI/2004-05/430 UBD(PCB). CIR.No. 45/13.05.00/04-05 April 19, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam, Loans and advances to directors etc- directors as surety/gurantors- Clarification-UCBs Please refer to our circular UBD.PCB.CIR.10/13.05.00/04-05 dated August 7, 2004 advising UCBs that the directors and relatives cannot stand as surety/guarantor to the loans and advances (both secured and unsecured) sanctioned by th
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