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ನವೆಂ 01, 2004
Banks advised to fix Ceiling on Interest Rates on FCNR(B) Deposits on Monthly Basis
RBI/2004-05/267 RPCD.CO.RF.BC 54 /07.38.01/2004-05 November 1, 2004 The Managing Director Maharashtra State Co-operative Bank Ltd. 9, Nagindas Master Road Extension, Fort Mumbai-1 Dear Sir, Mid-term Review of Annual Policy Statement for the year 2004-05-Foreign Currency Non-Resident (Banks)- FCNR(B) Accounts Please refer to paragraph 72 of the Mid-term review of the Annual Policy Statement for the year 2004-05 (copy of paragraph enclosed). 2. At present, banks are fre
RBI/2004-05/267 RPCD.CO.RF.BC 54 /07.38.01/2004-05 November 1, 2004 The Managing Director Maharashtra State Co-operative Bank Ltd. 9, Nagindas Master Road Extension, Fort Mumbai-1 Dear Sir, Mid-term Review of Annual Policy Statement for the year 2004-05-Foreign Currency Non-Resident (Banks)- FCNR(B) Accounts Please refer to paragraph 72 of the Mid-term review of the Annual Policy Statement for the year 2004-05 (copy of paragraph enclosed). 2. At present, banks are fre
ನವೆಂ 01, 2004
DCCBs - Interest Rates on NRE Deposits Raised
RBI/2004-05/266 RPCD.CO.RF.BC 53 /07.38.01/2004-05 November 1, 2004 All State and District Central Co-operative Banks Dear Sir, Interest rates on Non-Resident (External) Rupee(NRE) Deposits Please refer to paragraph 71 of the Mid-term review of the Annual Policy Statement for the year 2004-05 (copy of paragraph enclosed). 2. In this context, please refer to our Circular RPCD.CO.RF. BC. No 81/07.38.01/2003-04 dated May 12, 2004, specifying interest rates on deposits of
RBI/2004-05/266 RPCD.CO.RF.BC 53 /07.38.01/2004-05 November 1, 2004 All State and District Central Co-operative Banks Dear Sir, Interest rates on Non-Resident (External) Rupee(NRE) Deposits Please refer to paragraph 71 of the Mid-term review of the Annual Policy Statement for the year 2004-05 (copy of paragraph enclosed). 2. In this context, please refer to our Circular RPCD.CO.RF. BC. No 81/07.38.01/2003-04 dated May 12, 2004, specifying interest rates on deposits of
ನವೆಂ 01, 2004
Minimum Tenor of Domestic Term Deposits Reduced from 15 Days to 7 Days
RBI/2004-05/268RPCD.CO.RF.BC 55/07.38.01/2004-05 November 1, 2004All State and District Central Co-operative BanksDear 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 paragraph 1(i) of our circular RPCD.No.RF.DIR.BC.77/07.38.01/2000-01 dated April 19, 2001. At present, the banks can accept term deposits of Rs.15 lakh and above for a minimum maturity period o
RBI/2004-05/268RPCD.CO.RF.BC 55/07.38.01/2004-05 November 1, 2004All State and District Central Co-operative BanksDear 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 paragraph 1(i) of our circular RPCD.No.RF.DIR.BC.77/07.38.01/2000-01 dated April 19, 2001. At present, the banks can accept term deposits of Rs.15 lakh and above for a minimum maturity period o
ನವೆಂ 01, 2004
RRBs advised to Transfer Money lying in Golden Forest (I) Ltd. Accounts to Committee
RBI/2004-05/260 RPCD.RRB.CO.No.BC.. 52/03.05.33/2004-05 November 1, 2004 All Regional Rural Banks Dear Sir, Before the Supreme Court of India - I.A.Nos. 9, 20 & 28 – In Transfer Case No. 2 of 2004-P(C) No. 696 of 2002 and I.A.No. 1 in TC 68/2003 – The Securities and Exchange Board of India etc. Vs Golden Forest (I) Ltd. and Others – Appointment of Committee by the Supreme Court - Regarding We advise that the Hon'ble Supreme Court of India has, vide its order dated
RBI/2004-05/260 RPCD.RRB.CO.No.BC.. 52/03.05.33/2004-05 November 1, 2004 All Regional Rural Banks Dear Sir, Before the Supreme Court of India - I.A.Nos. 9, 20 & 28 – In Transfer Case No. 2 of 2004-P(C) No. 696 of 2002 and I.A.No. 1 in TC 68/2003 – The Securities and Exchange Board of India etc. Vs Golden Forest (I) Ltd. and Others – Appointment of Committee by the Supreme Court - Regarding We advise that the Hon'ble Supreme Court of India has, vide its order dated
ನವೆಂ 01, 2004
RRBs - Interest Rates on NRE Deposits Raised
RBI/2004-05/269 RPCD.No.RRB.BC.56/03.05.33(C)/2004-05 November 01, 2004 All Regional Rural Banks/Sponsor Banks 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' (copy of the paragraph enclosed). 2. In this context, please refer to tem 2(i) of our Circular RPCD.No.RRB.BC.89/ 03.05.33(C)/2003-04 dated June 08, 204 on the Intere
RBI/2004-05/269 RPCD.No.RRB.BC.56/03.05.33(C)/2004-05 November 01, 2004 All Regional Rural Banks/Sponsor Banks 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' (copy of the paragraph enclosed). 2. In this context, please refer to tem 2(i) of our Circular RPCD.No.RRB.BC.89/ 03.05.33(C)/2003-04 dated June 08, 204 on the Intere
ಅಕ್ಟೋ 27, 2004
RRBs Permitted to Undertake Insurance Business
RBI/2004-05/ 252 RPCD.CO. RRB.BC.No. 51 /03.05.33 (G)/ 2004-05 October 27, 2004 Chairmen of all Regional Rural Banks / All Sponsor Banks Dear Sir, Entry of Regional Rural Banks into insurance business As you are aware, under Section 6 (1)(o) of the Banking Regulation Act, 1949, "Insurance" has been notified as a permissible form of business that could be undertaken by banks. Further, in terms of Section 18 of the Regional Rural Banks Act, 1976, a Regional Rural Bank (
RBI/2004-05/ 252 RPCD.CO. RRB.BC.No. 51 /03.05.33 (G)/ 2004-05 October 27, 2004 Chairmen of all Regional Rural Banks / All Sponsor Banks Dear Sir, Entry of Regional Rural Banks into insurance business As you are aware, under Section 6 (1)(o) of the Banking Regulation Act, 1949, "Insurance" has been notified as a permissible form of business that could be undertaken by banks. Further, in terms of Section 18 of the Regional Rural Banks Act, 1976, a Regional Rural Bank (
ಅಕ್ಟೋ 27, 2004
Banks asked to transfer money lying in Golden Forest (I) Ltd., accounts to Committee
RBI/2004-05/247 RPCD.RF.BC.No.50/07.02.12/2004-05 October 27, 2004 All State and District Central Co-operative Banks Dear Sir, Before the Supreme Court of India - I.A.Nos. 9, 20 & 28 – In Transfer Case No. 2 of 2004-P(C) No. 696 of 2002 and I.A.No. 1 in TC 68/2003 – The Securities and Exchange Board of India etc. Vs Golden Forest (I) Ltd. and Others – Appointment of Committee by the Supreme Court - Regarding We advise that the Hon'ble Supreme Court of India has, v
RBI/2004-05/247 RPCD.RF.BC.No.50/07.02.12/2004-05 October 27, 2004 All State and District Central Co-operative Banks Dear Sir, Before the Supreme Court of India - I.A.Nos. 9, 20 & 28 – In Transfer Case No. 2 of 2004-P(C) No. 696 of 2002 and I.A.No. 1 in TC 68/2003 – The Securities and Exchange Board of India etc. Vs Golden Forest (I) Ltd. and Others – Appointment of Committee by the Supreme Court - Regarding We advise that the Hon'ble Supreme Court of India has, v
ಅಕ್ಟೋ 26, 2004
Banks' Investments in Securitised Assets to be treated as Direct Lending to SSI Sector
RBI/2004-2005/236 RPCD.PLNFS.BC.No. 43 /06.02.31/2004-05 October 26, 2004 The Chairman/Managing Director All Scheduled Commercial Banks (Including RRBs & Local Area Banks) Dear Sir, Priority Sector Lending - Investment by banks in securitized assets pertaining to SSI sector Please refer to paragraph 82 of the Mid-Term Review of Annual Policy Statement for the year 2004-05 dated October 26, 2004 (copy of the paragraph enclosed). In order to encourage securitization
RBI/2004-2005/236 RPCD.PLNFS.BC.No. 43 /06.02.31/2004-05 October 26, 2004 The Chairman/Managing Director All Scheduled Commercial Banks (Including RRBs & Local Area Banks) Dear Sir, Priority Sector Lending - Investment by banks in securitized assets pertaining to SSI sector Please refer to paragraph 82 of the Mid-Term Review of Annual Policy Statement for the year 2004-05 dated October 26, 2004 (copy of the paragraph enclosed). In order to encourage securitization
ಅಕ್ಟೋ 26, 2004
Financing of Distressed Urban Poor
RBI/2004/238 RPCD. Plan. BC. No. 45 /04.09.01/2004-05 October 26, 2004 The Chairman/Managing Director All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Financing of Distressed Urban Poor Please refer to paragraph No. 84 of the Governor's Statement on Mid-Term Review of the Annual Policy for the year 2004-05 dated October 26, 2004 (copy of the paragraph enclosed). With a view to bringing in urban poor into formal financial system, it has been decided that banks
RBI/2004/238 RPCD. Plan. BC. No. 45 /04.09.01/2004-05 October 26, 2004 The Chairman/Managing Director All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Financing of Distressed Urban Poor Please refer to paragraph No. 84 of the Governor's Statement on Mid-Term Review of the Annual Policy for the year 2004-05 dated October 26, 2004 (copy of the paragraph enclosed). With a view to bringing in urban poor into formal financial system, it has been decided that banks
ಅಕ್ಟೋ 26, 2004
Banks to Increase Disbursements to Small/Marginal Farmers
RBI/ 2004-2005/240RPCD. PLFS. BC. No. 47 /05.05.13/2004-05 October 26,2004 The Chairman / Managing Director/ Chief Executive Officer Indian Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Lending to small and marginal farmers Please refer to paragraph No. 79 of the Governor’s Statement on Mid-Term Review of the Annual Policy for the year 2004-05 (copy of paragraph enclosed). As recommended by the Advisory Committee on Flow of Credit to Agricultur
RBI/ 2004-2005/240RPCD. PLFS. BC. No. 47 /05.05.13/2004-05 October 26,2004 The Chairman / Managing Director/ Chief Executive Officer Indian Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Lending to small and marginal farmers Please refer to paragraph No. 79 of the Governor’s Statement on Mid-Term Review of the Annual Policy for the year 2004-05 (copy of paragraph enclosed). As recommended by the Advisory Committee on Flow of Credit to Agricultur

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