RBI/2012-13/506
UBD.CO.LS.(PCB).Cir. No. 50/07.01.000/2012-13

May 24, 2013

Chief Executive Officers of
all Primary (Urban) Co-operative Banks

Dear Sir / Madam,

Annual Business Plan – Elimination of requirement to submit proposal in duplicate

Please refer to our circular UBD.CO.LS.Cir.No.52/07.01.000/2007-08 dated June 16, 2008 where in Financially Sound and Well Managed (FSWM) UCBs were required to prepare Annual Business Plan (ABP) for opening of branches / extension counters, upgradation of extension counters into full fledged branches, setting up of new off site automated teller machines, in their existing area of operation and submit the ABP in duplicate  along with Annexes I, II III-A, III-B and IV to the respective Regional Offices of Reserve Bank of India.

2. In partial modification of the circular cited above, the ABP proposals may be submitted to Reserve Bank of India in single copy only.

3. All other instructions on selection of centres, approval of centres, licence and its period, procedural guidelines for permission to open branches, norms for opening extension counters and licencing policy for Salary Earner’s banks contained in our Master Circular dated July 2, 2012 remain unchanged.

Please acknowledge receipt.

Yours faithfully,

(P. K. Arora)
General Manager