RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S1

Notification Marquee

RBI Announcements
RBI Announcements

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Asset Publisher

55336660

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 and unsecured) to the directors, their relatives and the firms/concerns/companies in which they are interested.

2. On reconsideration it has been decided to exclude the following categories of director related loans from the purview of the instructions issued vide our circular under reference:

i. regular employee-related loans to staff directors on the Board of UCBs;

ii. normal loans as applicable to members to the directors on the Boards of salary earners’ co-operative banks and

iii. normal employee-related loans to Managing Directors of Multi-State co-operative banks.

3. Please acknowledge receipt of this circular to the concerned Regional Office.

Yours faithfully,

sd/-

(A.K.Khound)
Chief General Manager

RbiTtsCommonUtility

प्ले हो रहा है
સાંભળો

Related Assets

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

રિઝર્વ બેંક ઑફ ઇન્ડિયા મોબાઇલ એપ્લિકેશન ઇન્સ્ટૉલ કરો અને લેટેસ્ટ ન્યૂઝનો ઝડપી ઍક્સેસ મેળવો!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

શું આ પેજ ઉપયોગી હતું?