Notifications -Regulating Co-operative Banking - RBI - Reserve Bank of India
Notifications
Feb 17, 2006
Banking Regulation Act 1949 (AACS)- Investments in Government and other approved securities by UCBs - Exemption under Section 24A
RBI/2005-06/302 UBD(PCB).Cir.No.31 /16.26.00/2005-06 February 17, 2006 The Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir /Madam Banking Regulation Act 1949 (AACS)- Investments in Government and other approved securities by UCBs - Exemption under Section 24A Please refer to our circular UBD.No.BR.Cir/42/16.26.00/200-01 dated April 19, 2001 on the above subject advising Primary (Urban) Co-operative Banks (UCBs) to maintain a certain percent
RBI/2005-06/302 UBD(PCB).Cir.No.31 /16.26.00/2005-06 February 17, 2006 The Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir /Madam Banking Regulation Act 1949 (AACS)- Investments in Government and other approved securities by UCBs - Exemption under Section 24A Please refer to our circular UBD.No.BR.Cir/42/16.26.00/200-01 dated April 19, 2001 on the above subject advising Primary (Urban) Co-operative Banks (UCBs) to maintain a certain percent
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Jan 30, 2006
UCBs - Credit Exposure Limit
RBI/2005-06/291 UBD.PCB.Cir.No.29/13.05.000/2005-06 January 30, 2006 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 paragraph 2 (a) of our circular UBD.DS.cir No:44/13.05.00/2004-05 dated April 15, 2005 on the captioned subject in terms of which the sanctioned limit or outstanding whichever is higher shall be reckoned
RBI/2005-06/291 UBD.PCB.Cir.No.29/13.05.000/2005-06 January 30, 2006 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 paragraph 2 (a) of our circular UBD.DS.cir No:44/13.05.00/2004-05 dated April 15, 2005 on the captioned subject in terms of which the sanctioned limit or outstanding whichever is higher shall be reckoned
Jan 30, 2006
UCBs prohibited from crediting Account Payee Cheque proceeds to Third Party Account
RBI/2005-06/292 UBD. BPD.Cir. No.30 /14.01.062/ 2005-06 January 30, 2006 Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Collection of account payee cheque – Prohibition on crediting proceeds to third party account As banks are aware, an account payee cheque is required to be collected for the payee constituent. As regards account payee cheques drawn in favour of UCBs, banks which credit cheques drawn in their favour by other banks marked
RBI/2005-06/292 UBD. BPD.Cir. No.30 /14.01.062/ 2005-06 January 30, 2006 Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Collection of account payee cheque – Prohibition on crediting proceeds to third party account As banks are aware, an account payee cheque is required to be collected for the payee constituent. As regards account payee cheques drawn in favour of UCBs, banks which credit cheques drawn in their favour by other banks marked
Jan 24, 2006
Amortization of expenses incurred on software - UCBs
RBI/2005-06/286 UBD. BPD. PCB. Cir. No. 28 /12.05.001/2005-06 January 24 , 2006 The Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir / Madam, Amortization of expenses incurred on software - UCBs Please refer to our circular UBD. BPD.PCB.Cir.7/09.50.00/2003-04 dated August 5, 2003 in terms of which UCBs are allowed to charge depreciation on computers on a straight-line method at the rate of 33.33 per cent per annum. In this context it is obse
RBI/2005-06/286 UBD. BPD. PCB. Cir. No. 28 /12.05.001/2005-06 January 24 , 2006 The Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir / Madam, Amortization of expenses incurred on software - UCBs Please refer to our circular UBD. BPD.PCB.Cir.7/09.50.00/2003-04 dated August 5, 2003 in terms of which UCBs are allowed to charge depreciation on computers on a straight-line method at the rate of 33.33 per cent per annum. In this context it is obse
Jan 09, 2006
Scheme for Small Enterprises Financial Centres (SEFCs)
RBI/2005-06/274 UBD.PCB.Cir No. 25/09.09.001/2005-06 January 9, 2006 The Chief Executive Officers of All Primary (Urban ) Co-operative Banks Dear Sir/ Madam, Scheme for Small Enterprises Financial Centres (SEFCs) Please refer to the announcement made by the Governor in paragraph No.84 of the Annual Policy Statement 2005-06 regarding formulation of a scheme of strategic alliance between branches of banks and SIDBI located in the clusters. A copy of the scheme for "Smal
RBI/2005-06/274 UBD.PCB.Cir No. 25/09.09.001/2005-06 January 9, 2006 The Chief Executive Officers of All Primary (Urban ) Co-operative Banks Dear Sir/ Madam, Scheme for Small Enterprises Financial Centres (SEFCs) Please refer to the announcement made by the Governor in paragraph No.84 of the Annual Policy Statement 2005-06 regarding formulation of a scheme of strategic alliance between branches of banks and SIDBI located in the clusters. A copy of the scheme for "Smal
Dec 05, 2005
Maximum Limit on Advances-Limits on Unsecured Advances to Single Party/Connected Group
RBI/2005-06/226 UBD. PCB.Cir. No.22/13.05.000/05-06 December 5, 2005. The Chief Executive Officers of All Primary (urban) Co-operative Banks Dear Sir/Madam Maximum Limit on Advances-Limits on Unsecured Advances to Single Party/Connected Group- Please refer to our directives UBD.No.DS.PCB.Dir/16/13.05.00/96-97 dated November 11, 1996 on the above subject. 2. As per the extant instructions, Primary (Urban) Co-operative Banks (UCB) are permitted to grant unsecured advanc
RBI/2005-06/226 UBD. PCB.Cir. No.22/13.05.000/05-06 December 5, 2005. The Chief Executive Officers of All Primary (urban) Co-operative Banks Dear Sir/Madam Maximum Limit on Advances-Limits on Unsecured Advances to Single Party/Connected Group- Please refer to our directives UBD.No.DS.PCB.Dir/16/13.05.00/96-97 dated November 11, 1996 on the above subject. 2. As per the extant instructions, Primary (Urban) Co-operative Banks (UCB) are permitted to grant unsecured advanc
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
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
Apr 15, 2005
Maximum Limit on advances-Limits on credit exposure to individuals /Group of borrowers-UCBs
RBI/2004-05/423 UBD.DS. Cir.No.44/13.05.00/2004-05 April 15, 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. No.DS.PCB.39/13.05.00/1995-96 dated January 16, 1996 read with circular UBD.No.DS.Cir 31/13.05.00/1999-2000 dated April 1, 2000 on captioned subject. At present the prudential exposure ceiling s
RBI/2004-05/423 UBD.DS. Cir.No.44/13.05.00/2004-05 April 15, 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. No.DS.PCB.39/13.05.00/1995-96 dated January 16, 1996 read with circular UBD.No.DS.Cir 31/13.05.00/1999-2000 dated April 1, 2000 on captioned subject. At present the prudential exposure ceiling s
Apr 11, 2005
Donations / Contributions for public /charitable purposes out of profits of UCBs
RBI/2004-05/418 UBD(PCB). / BPD/Cir. 43 / 09.72.00 /2004-05 April 11, 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 Some of the State Co-operative Societies Acts and the Multi-State Co-operative Societies Act permit co-operative societies registered there under to set apart a certain portion of their net profits as charity fund and give donat
RBI/2004-05/418 UBD(PCB). / BPD/Cir. 43 / 09.72.00 /2004-05 April 11, 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 Some of the State Co-operative Societies Acts and the Multi-State Co-operative Societies Act permit co-operative societies registered there under to set apart a certain portion of their net profits as charity fund and give donat
Mar 30, 2005
Prudential Norms in respect of Income Recognition, Assets Classification, Provisioning and other related Matters-Procedure for accounting of accrued interest-UCBs
RBI/2004-05/410 UBD(PCB).Cir.42/09.140.00/2004-05 March 30, 2005. The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam, Prudential Norms in respect of Income Recognition, Assets Classification, Provisioning and other related Matters-Procedure for accounting of accrued interest-UCBs Please refer to para 2(ii) regarding accounting of accrued interest of borrowal accounts which are performing assets, of our circular UBD.No.I & L(PCB)/
RBI/2004-05/410 UBD(PCB).Cir.42/09.140.00/2004-05 March 30, 2005. The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam, Prudential Norms in respect of Income Recognition, Assets Classification, Provisioning and other related Matters-Procedure for accounting of accrued interest-UCBs Please refer to para 2(ii) regarding accounting of accrued interest of borrowal accounts which are performing assets, of our circular UBD.No.I & L(PCB)/
Mar 28, 2005
Investment portfolio of Urban Co-operative Banks (UCBs) - Classification and Valuation of Investments
RBI/2004-05/403 UBD(PCB). Cir.41/16.20.00/2004-05 March 28, 2005. 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 Please refer to our circular UBD.PCB. No.16/16.20.00/2004-05 dated 02.09.2004 on the captioned subject wherein, UCBs were permitted, as a one time measure to shift SLR securities to the HTM category any time, once mor
RBI/2004-05/403 UBD(PCB). Cir.41/16.20.00/2004-05 March 28, 2005. 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 Please refer to our circular UBD.PCB. No.16/16.20.00/2004-05 dated 02.09.2004 on the captioned subject wherein, UCBs were permitted, as a one time measure to shift SLR securities to the HTM category any time, once mor
Mar 01, 2005
Enhancement of transparency on bank’s affairs through disclosures-UCBs
RBI / 2004-05/ 381 UBD(PCB).CIR.40/16.45.00/2004 -2005 March 1, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative banks Dear Sir/Madam, Enhancement of transparency on bank’s affairs through disclosures-UCBs The Reserve Bank has been taking several steps from time to time to enhance the transparency of banks by having comprehensive requirements for disclosure in tune with the best practices. RBI circular dated 30.10.2002 advising UCBs having deposit
RBI / 2004-05/ 381 UBD(PCB).CIR.40/16.45.00/2004 -2005 March 1, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative banks Dear Sir/Madam, Enhancement of transparency on bank’s affairs through disclosures-UCBs The Reserve Bank has been taking several steps from time to time to enhance the transparency of banks by having comprehensive requirements for disclosure in tune with the best practices. RBI circular dated 30.10.2002 advising UCBs having deposit
Feb 26, 2005
Investment Portfolio of Banks- Reporting System
RBI/2004-05/ 375 UBD.BPD.( PCB).No.37 /12.05.01/ 2004-05 February 26,2005 Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, @@NBSP@@ Investment Portfolio of Banks- Reporting System As you are aware, presently in terms of para (ii) under Audit, Review and Reporting of our circular UBD. Plan No.13/UB.81/92-93, dated September 13, 1992 the banks are required to subject their transactions relating to sale/purchase of government securities to aud
RBI/2004-05/ 375 UBD.BPD.( PCB).No.37 /12.05.01/ 2004-05 February 26,2005 Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, @@NBSP@@ Investment Portfolio of Banks- Reporting System As you are aware, presently in terms of para (ii) under Audit, Review and Reporting of our circular UBD. Plan No.13/UB.81/92-93, dated September 13, 1992 the banks are required to subject their transactions relating to sale/purchase of government securities to aud
Jan 10, 2005
UCBs to use Names as appearing in Certificate of Registration and Licence
RBI/2004-05/339UBD (PCB).Cir. 34/16.51.00/2004-05 January 10, 2005 The Chief Executive Officers of All Primary(urban) Co-operative Banks Dear Sir/Madam, Names as appearing in the Certificate of Registration and the Licence - use of- Primary (urban) Co-operative Banks (UCBs) Please refer to our circular UBD.No.BR/11/16.51.00/98-99 dated December 11, 1998 and subsequent circular UBD.CO.BR.No.538/16.51.00/2000-01 dated May 21, 2001 on the above subject advising UCBs to d
RBI/2004-05/339UBD (PCB).Cir. 34/16.51.00/2004-05 January 10, 2005 The Chief Executive Officers of All Primary(urban) Co-operative Banks Dear Sir/Madam, Names as appearing in the Certificate of Registration and the Licence - use of- Primary (urban) Co-operative Banks (UCBs) Please refer to our circular UBD.No.BR/11/16.51.00/98-99 dated December 11, 1998 and subsequent circular UBD.CO.BR.No.538/16.51.00/2000-01 dated May 21, 2001 on the above subject advising UCBs to d
Jan 05, 2005
Receipt of Foreign Contribution under FC(R) Act : UCBs
RBI/2004-05/329 UBD. PCB. Cir.No.32/12.05.00/2004-05 January 05, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative banks Dear Sir/Madam, Receipt of foreign contributions by Associations/organizations in India Under Foreign Contribution(Regulation) Act, 1976 Please refer to our circular UBD.No.BSD-I/PCB/18/12.05.00/98-99 dated January 30, 1999 advising banks to ensure compliance with the various provisions of Foreign Contribution (Regulation)
RBI/2004-05/329 UBD. PCB. Cir.No.32/12.05.00/2004-05 January 05, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative banks Dear Sir/Madam, Receipt of foreign contributions by Associations/organizations in India Under Foreign Contribution(Regulation) Act, 1976 Please refer to our circular UBD.No.BSD-I/PCB/18/12.05.00/98-99 dated January 30, 1999 advising banks to ensure compliance with the various provisions of Foreign Contribution (Regulation)
Jan 05, 2005
Risk Weight on Housing Finance and Consumer Credit- UCBs
RBI/2004-05/330 UBD. PCB.Cir. 33 /09.116.00/2004-05 January 5, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Risk Weight on Housing Finance and Consumer Credit- UCBs Please refer to our circular UBD.POT.PCB.18/09.22.01/2002-03 dated September 30, 2002, wherein, the risk weight on housing loans extended by banks to individuals against mortgage of residential housing properties was reduced to 50 percent for capital adequacy purpos
RBI/2004-05/330 UBD. PCB.Cir. 33 /09.116.00/2004-05 January 5, 2005 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Risk Weight on Housing Finance and Consumer Credit- UCBs Please refer to our circular UBD.POT.PCB.18/09.22.01/2002-03 dated September 30, 2002, wherein, the risk weight on housing loans extended by banks to individuals against mortgage of residential housing properties was reduced to 50 percent for capital adequacy purpos
Dec 17, 2004
Reporting of Call/Notice Money Market Transactions
RBI/2004-05/304 UBD. No. PCB. Cir. 31 /13.01.00/2004-05 December 17, 2004 Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Reporting of Call/Notice Money Market Transactions Please refer to our circular UBD No. DS. PCB. CIR. 31/13.01.00/2001-02 dated February 16, 2002 advising the UCBs to report their call/notice money transactions on a daily basis by fax to the Advisor-in-Charge, Monetary Policy Department (MPD), R.B.I., Central Office, Mu
RBI/2004-05/304 UBD. No. PCB. Cir. 31 /13.01.00/2004-05 December 17, 2004 Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Reporting of Call/Notice Money Market Transactions Please refer to our circular UBD No. DS. PCB. CIR. 31/13.01.00/2001-02 dated February 16, 2002 advising the UCBs to report their call/notice money transactions on a daily basis by fax to the Advisor-in-Charge, Monetary Policy Department (MPD), R.B.I., Central Office, Mu
Dec 15, 2004
Guidelines on Know Your Customer' and Anti Money Laundering Standards-UCBs
RBI/2004-05/302UBD.PCB. Cir30/09.161.00/2004-05 December 15, 2004The Chief Executive Officer of All Primary (Urban) Co-operative BanksDear Sir/Madam, Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards-UCBs Please refer to our circular UBD.No.DS.PCB.Cir 17/13.01.00/2002-03 dated September 18, 2002 on the guidelines on 'Know Your Customer' norms. Banks were advised to follow certain customer identification procedure for opening of accounts and monito
RBI/2004-05/302UBD.PCB. Cir30/09.161.00/2004-05 December 15, 2004The Chief Executive Officer of All Primary (Urban) Co-operative BanksDear Sir/Madam, Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards-UCBs Please refer to our circular UBD.No.DS.PCB.Cir 17/13.01.00/2002-03 dated September 18, 2002 on the guidelines on 'Know Your Customer' norms. Banks were advised to follow certain customer identification procedure for opening of accounts and monito
Dec 14, 2004
Priority Sector Lending: - Housing Loan - Ceiling enhanced for UCBs
RBI/2004-05/299 UBD. BPD (PCB).Cir.29/09.09.01/04-05 December 14, 2004 The Chief Executive Officers All Primary (Urban) Co-operative banks Dear Sir/Madam, Priority Sector Lending: - Housing Loan -Enhancement of Ceiling for UCBs Please refer to para 1.8.1.1 of Annexure I to our Master Circular UBD.BPD. (PCB) MC.No.1 /09.09.01/2004-05 dated July 2, 2004 on Priority Sector lending in terms of which direct housing loans to individuals by banks up to Rs.10 lakh for constru
RBI/2004-05/299 UBD. BPD (PCB).Cir.29/09.09.01/04-05 December 14, 2004 The Chief Executive Officers All Primary (Urban) Co-operative banks Dear Sir/Madam, Priority Sector Lending: - Housing Loan -Enhancement of Ceiling for UCBs Please refer to para 1.8.1.1 of Annexure I to our Master Circular UBD.BPD. (PCB) MC.No.1 /09.09.01/2004-05 dated July 2, 2004 on Priority Sector lending in terms of which direct housing loans to individuals by banks up to Rs.10 lakh for constru
Nov 01, 2004
Prudential norms- State Government guaranteed exposures
RBI / 2004-05/ 262 UBD.PCB.Cir. 26/09.140.00 /2004-05 November 1, 2004 @@NBSP@@ The Chief Executive Officers of All Primary (Urban) Co-operative banks Dear Sir/Madam, Prudential norms- State Government guaranteed exposures Please refer to our Master Circular UBD.No.IP.30/12.05.05/02-03 dated December 26, 2002 on Prudential Norms, Income Recognition, Asset Classification, Provisioning and other related matters, which contained, inter alia, prudential norms regarding St
RBI / 2004-05/ 262 UBD.PCB.Cir. 26/09.140.00 /2004-05 November 1, 2004 @@NBSP@@ The Chief Executive Officers of All Primary (Urban) Co-operative banks Dear Sir/Madam, Prudential norms- State Government guaranteed exposures Please refer to our Master Circular UBD.No.IP.30/12.05.05/02-03 dated December 26, 2002 on Prudential Norms, Income Recognition, Asset Classification, Provisioning and other related matters, which contained, inter alia, prudential norms regarding St
Nov 01, 2004
SCBs - Interest Rates on NRE Deposits Raised
RBI/2004-05/256 DBOD No. Dir. 53/13.03.00/2004-05 November 1, 2004 All Scheduled Commercial Banks (Excluding RRBS) 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' enclosed to Governor’s letter MPD.No.256/ 07.01.279/2004-05 dated October 26, 2004 (copy of the paragraph enclosed). 2. In this context, please refer to item (iii
RBI/2004-05/256 DBOD No. Dir. 53/13.03.00/2004-05 November 1, 2004 All Scheduled Commercial Banks (Excluding RRBS) 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' enclosed to Governor’s letter MPD.No.256/ 07.01.279/2004-05 dated October 26, 2004 (copy of the paragraph enclosed). 2. In this context, please refer to item (iii
Nov 01, 2004
UCBs - Tenor of Domestic Term Deposits Reduced
RBI/2004-05/271 UBD.No.28/13.01.00/2004-05 November 1, 2004 The Chief Executive Officers of All Primary (Urban) Co-operative banks Dear 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 the paragraph 5(A) of our Master Circular UBD.No.BPD.MC.No.11/13.01.00/04-05 dated September 17, 2004 on Interest rates on Rupee Deposits accepted and renewed under different
RBI/2004-05/271 UBD.No.28/13.01.00/2004-05 November 1, 2004 The Chief Executive Officers of All Primary (Urban) Co-operative banks Dear 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 the paragraph 5(A) of our Master Circular UBD.No.BPD.MC.No.11/13.01.00/04-05 dated September 17, 2004 on Interest rates on Rupee Deposits accepted and renewed under different
Oct 20, 2004
Systems and procedures - Best practices
RBI No. /2004-05/ 228 UBD.No. BPD. IP. 24 / 12.05.01/ 2004-05 October 20, 2004 Chief Executive Officers of all Primary (Urban) Cooperative Banks Dear Sir / Madam, Systems and procedures – Best practices The Joint Parliamentary Committee which inquired into stock market scam and matters relating thereto has observed that RBI must identify best practices found across banks and establish uniform standards to be followed by all the banks. 2. Reserve Bank of India also fee
RBI No. /2004-05/ 228 UBD.No. BPD. IP. 24 / 12.05.01/ 2004-05 October 20, 2004 Chief Executive Officers of all Primary (Urban) Cooperative Banks Dear Sir / Madam, Systems and procedures – Best practices The Joint Parliamentary Committee which inquired into stock market scam and matters relating thereto has observed that RBI must identify best practices found across banks and establish uniform standards to be followed by all the banks. 2. Reserve Bank of India also fee
Sep 27, 2004
Time Extended for UCBs to make Additional Provisioning for NPAs
RBI / 2004-05/194 UBD.PCB.Cir.21 /12.05.05/2004-05 September 27, 2004 The Chief Executive Officers of All Primary (Urban) Co-operative banks Dear Sir/Madam, Annual Policy Statement for the Year 2004-05: Additional provisioning requirements for NPAs Please refer to our circular UBD.BPD.PCB. Cir 55/12.05.05/03-04 dated June 30, 2004, wherein UCBs were advised about the enhanced provisioning requirement on the secured portion of advances classified as doubtful for more t
RBI / 2004-05/194 UBD.PCB.Cir.21 /12.05.05/2004-05 September 27, 2004 The Chief Executive Officers of All Primary (Urban) Co-operative banks Dear Sir/Madam, Annual Policy Statement for the Year 2004-05: Additional provisioning requirements for NPAs Please refer to our circular UBD.BPD.PCB. Cir 55/12.05.05/03-04 dated June 30, 2004, wherein UCBs were advised about the enhanced provisioning requirement on the secured portion of advances classified as doubtful for more t
Sep 27, 2004
UCBs given more Time to make Additional Provisioning for Doubtful Debts
RBI / 2004-05/195 UBD.PCB.Cir.22 /12.05.05/2004-05 September 27, 2004 The Chief Executive Officers of All Primary (Urban) Co-operative banks Dear Sir/Madam, Income Recognition, Asset classification, Provisioning and other related matters Please refer to our circular UBD.No.BSD.I.15/12.05.05/02-03 dated September 11, 2002 advising UCBs that with effect from March 31, 2005 an asset would be classified as doubtful if it remained in the sub-standard category for 12 months
RBI / 2004-05/195 UBD.PCB.Cir.22 /12.05.05/2004-05 September 27, 2004 The Chief Executive Officers of All Primary (Urban) Co-operative banks Dear Sir/Madam, Income Recognition, Asset classification, Provisioning and other related matters Please refer to our circular UBD.No.BSD.I.15/12.05.05/02-03 dated September 11, 2002 advising UCBs that with effect from March 31, 2005 an asset would be classified as doubtful if it remained in the sub-standard category for 12 months
Sep 13, 2004
Section 42(1) of Reserve Bank of India Act 1934 - Maintenance of Cash Reserve Ratio (CRR) by Scheduled Primary (Urban) Co-operative Banks
RBI /2004-05 /173UBD. PCB. Cir 19 /16.11.00/2004-05 September 13, 2004 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative banks Dear Sir/Madam, Please refer to our Circular UBD. BP.Cir 10/16.11.00/02-03 dated April 29, 2003 on the above subject, in terms of which scheduled primary (urban) co-operative banks are required to maintain an average CRR of 4.5% of their NDTL. On a review of current liquidity conditions, it has been decided to increase
RBI /2004-05 /173UBD. PCB. Cir 19 /16.11.00/2004-05 September 13, 2004 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative banks Dear Sir/Madam, Please refer to our Circular UBD. BP.Cir 10/16.11.00/02-03 dated April 29, 2003 on the above subject, in terms of which scheduled primary (urban) co-operative banks are required to maintain an average CRR of 4.5% of their NDTL. On a review of current liquidity conditions, it has been decided to increase
Sep 04, 2004
Income Recognition, Asset Classification and Provisioning - Adoption of 90 - days Norm
RBI /163/2004-05 UBD.PCB.Cir 17 /13.04.00/2004-05 September 4, 2004 The Chief Executive Officers of All Primary (Urban) Co-operative banks Dear Sir/Madam, Income Recognition, Asset Classification and Provisioning - Adoption of 90 -days Norm Please refer to our circular UBD.PCB. Cir No. 9/13.04.00/04-05 dated August 4, 2004 on the above subject, wherein UCBs were advised that 90-day loan impairment norm will be applicable to gold loans and small loans upto Rs. 1 lakh w
RBI /163/2004-05 UBD.PCB.Cir 17 /13.04.00/2004-05 September 4, 2004 The Chief Executive Officers of All Primary (Urban) Co-operative banks Dear Sir/Madam, Income Recognition, Asset Classification and Provisioning - Adoption of 90 -days Norm Please refer to our circular UBD.PCB. Cir No. 9/13.04.00/04-05 dated August 4, 2004 on the above subject, wherein UCBs were advised that 90-day loan impairment norm will be applicable to gold loans and small loans upto Rs. 1 lakh w
Sep 01, 2004
Frauds in the area of Housing Finance
RBI No /2004-05 /151 UBD. No. BPD. 15 /12.05.01 /2004-05 September 1, 2004 The Chief Executive Officers of all primary (Urban) Co-operative Banks Dear Sir, Frauds in the area of Housing Finance We advise that a Group headed by General Manager, Central Bank of India constituted by Reserve Bank of India examined the causes for growing incidence of frauds in Housing Finance and submitted its report indicating remedial measures. We forward herewith a copy of the report co
RBI No /2004-05 /151 UBD. No. BPD. 15 /12.05.01 /2004-05 September 1, 2004 The Chief Executive Officers of all primary (Urban) Co-operative Banks Dear Sir, Frauds in the area of Housing Finance We advise that a Group headed by General Manager, Central Bank of India constituted by Reserve Bank of India examined the causes for growing incidence of frauds in Housing Finance and submitted its report indicating remedial measures. We forward herewith a copy of the report co
Aug 24, 2004
Opening of Current Accounts by banks - Need for discipline
RBI/2004-05/ 137UBD. PCB. Cir. No. 14 /09.11.01/2004-05 August 24 , 2004The Chief Executive Officers of allPrimary (Urban) Co-operative BanksDear Sir,Opening of Current Accounts by banks - Need for disciplinePlease refer to our circular UBD. PCB. Cir. No. 7 / 09.11.01/2004-05 dated July 29, 2004 on the above subject.2. In this connection, it is clarified that where the due diligence is carried out on the request of a prospective customer who is a corporate or large bo
RBI/2004-05/ 137UBD. PCB. Cir. No. 14 /09.11.01/2004-05 August 24 , 2004The Chief Executive Officers of allPrimary (Urban) Co-operative BanksDear Sir,Opening of Current Accounts by banks - Need for disciplinePlease refer to our circular UBD. PCB. Cir. No. 7 / 09.11.01/2004-05 dated July 29, 2004 on the above subject.2. In this connection, it is clarified that where the due diligence is carried out on the request of a prospective customer who is a corporate or large bo
Aug 19, 2004
Transactions in Government Securities - DVP III mode of settlement
RBI/2004-05/133 UBD. NO. SUB. CIR. 2 /09.80.00/2004-05 August 19, 2004 The Chief Executive Officers of All Scheduled Primary (Urban) Co-op. Banks Dear Sir, Transactions in Government Securities – DVP III mode of settlement Please refer to the instructions contained in our circular BPD.SUB.CIR. 5 /09.80.00/2003-04 dated April 28, 2004 under which sale of government securities already contracted for purchase was permitted provided certain conditions stipulated therein w
RBI/2004-05/133 UBD. NO. SUB. CIR. 2 /09.80.00/2004-05 August 19, 2004 The Chief Executive Officers of All Scheduled Primary (Urban) Co-op. Banks Dear Sir, Transactions in Government Securities – DVP III mode of settlement Please refer to the instructions contained in our circular BPD.SUB.CIR. 5 /09.80.00/2003-04 dated April 28, 2004 under which sale of government securities already contracted for purchase was permitted provided certain conditions stipulated therein w
Aug 18, 2004
Capital Investment Subsidy Scheme for construction/renovation/expansion of rural godowns
RBI/2004-05/128 UBD No. SUB.CIR. 1/ 16.26.00/2004-05 August 18, 2004 The Chief Executive Officers of all Scheduled Primary (Urban) Co-operative Banks Dear Sir, Capital Investment Subsidy Scheme for construction/ renovation/expansion of rural godowns As you may be aware a credit linked Capital Investment Subsidy Scheme for Construction / Renovation / Expansion of Rural Godowns is being implemented by NABARD. Under the scheme NABARD will release back-ended subsidy for a
RBI/2004-05/128 UBD No. SUB.CIR. 1/ 16.26.00/2004-05 August 18, 2004 The Chief Executive Officers of all Scheduled Primary (Urban) Co-operative Banks Dear Sir, Capital Investment Subsidy Scheme for construction/ renovation/expansion of rural godowns As you may be aware a credit linked Capital Investment Subsidy Scheme for Construction / Renovation / Expansion of Rural Godowns is being implemented by NABARD. Under the scheme NABARD will release back-ended subsidy for a
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