Consolidated Financial Statement

RBI/2007-08/325 DBOD.No.BP.BC.84/21.04.018/2007-08 May 21, 2008 To The Chairman and Chief Executive Officer All Scheduled Commercial Banks (excluding RRBs and LABs) Dear Sir Consolidated Financial Statement The Accounting Standards (AS) issued by the Institute of Chartered Accountants of India (ICAI) prescribes the accounting of investments in subsidiaries, associates and joint ventures under AS 21 – Consolidated Financial Statement, AS 23 – Accounting for Investments

RBI/2007-08/325 DBOD.No.BP.BC.84/21.04.018/2007-08 May 21, 2008 To The Chairman and Chief Executive Officer All Scheduled Commercial Banks (excluding RRBs and LABs) Dear Sir Consolidated Financial Statement The Accounting Standards (AS) issued by the Institute of Chartered Accountants of India (ICAI) prescribes the accounting of investments in subsidiaries, associates and joint ventures under AS 21 – Consolidated Financial Statement, AS 23 – Accounting for Investments

Consolidated Financial Statement

Claims secured by residential property - Change in limits for risk weights

RBI/2007–08/320 DBOD.No.BP.BC. 83/21.06.001/2007-08 May 14, 2008 The Chairman and Chief Executive Officer All Commercial Banks (excluding Local Area Banks and Regional Rural Banks) Dear Sir, Claims secured by residential property – Change in limits for risk weights Please refer to the paragraph 5.10 of our circular DBDO.No.BP.BC.90/20.06.001/ 2006-07 dated April 27, 2007 on ‘Guidelines for implementation of the New Capital Adequacy Framework’, and also items Nos. [(A)

RBI/2007–08/320 DBOD.No.BP.BC. 83/21.06.001/2007-08 May 14, 2008 The Chairman and Chief Executive Officer All Commercial Banks (excluding Local Area Banks and Regional Rural Banks) Dear Sir, Claims secured by residential property – Change in limits for risk weights Please refer to the paragraph 5.10 of our circular DBDO.No.BP.BC.90/20.06.001/ 2006-07 dated April 27, 2007 on ‘Guidelines for implementation of the New Capital Adequacy Framework’, and also items Nos. [(A)

Claims secured by residential property - Change in limits for risk weights

Asset Classification Norm for Infrastructure Projects Revised

RBI/2007-08/316 DBOD.BP.BC.82/21.04.048/2007-08 May 8, 2008 The Chairman/Chief Executive Officer All Scheduled Commercial Banks (excluding Local Area Banks and RRBs) Dear Sir Prudential Norms on Asset Classification Pertaining to Advances – Infrastructure projects under implementation and involving time overrun Please refer to paragraph 4.2.17(iv) of our Master Circular No.DBOD.No.BP.BC.12/21.04.048/2007-08 dated July 2, 2007 on Prudential norms on Income Recognition,

RBI/2007-08/316 DBOD.BP.BC.82/21.04.048/2007-08 May 8, 2008 The Chairman/Chief Executive Officer All Scheduled Commercial Banks (excluding Local Area Banks and RRBs) Dear Sir Prudential Norms on Asset Classification Pertaining to Advances – Infrastructure projects under implementation and involving time overrun Please refer to paragraph 4.2.17(iv) of our Master Circular No.DBOD.No.BP.BC.12/21.04.048/2007-08 dated July 2, 2007 on Prudential norms on Income Recognition,

Asset Classification Norm for Infrastructure Projects Revised

Settlement of claims in respect of missing persons

RBI/2007-08/308 DBOD.No.Leg. BC.80 /09.07.005/2007-08 May 2, 2008 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Settlement of claims in respect of missing persons A query has been raised regarding the system which should be followed by banks in case a claim is received from a nominee / legal heirs for settlement of claim in respect of missing persons. 2. The settlement of claims in respect of missing persons would be governed by the provisions of Section 1

RBI/2007-08/308 DBOD.No.Leg. BC.80 /09.07.005/2007-08 May 2, 2008 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Settlement of claims in respect of missing persons A query has been raised regarding the system which should be followed by banks in case a claim is received from a nominee / legal heirs for settlement of claim in respect of missing persons. 2. The settlement of claims in respect of missing persons would be governed by the provisions of Section 1

Settlement of claims in respect of missing persons

Grievance Redressal Mechanism in banks

RBI/2007-08/309 DBOD.No.Leg BC.81/09.07.005/2007-08 May 2, 2008 To All Scheduled Commercial Banks (excluding RRBs) Dear Sir , Grievance Redressal Mechanism in banks Please refer to our Circular DBOD.No.Leg BC.60/09.07.005/2006-07 dated February 22, 2007 wherein instructions were issued to banks regarding analysis and disclosure of complaints. In this connection, it may be mentioned that a proper analysis and disclosure of complaints would be possible only if there is

RBI/2007-08/309 DBOD.No.Leg BC.81/09.07.005/2007-08 May 2, 2008 To All Scheduled Commercial Banks (excluding RRBs) Dear Sir , Grievance Redressal Mechanism in banks Please refer to our Circular DBOD.No.Leg BC.60/09.07.005/2006-07 dated February 22, 2007 wherein instructions were issued to banks regarding analysis and disclosure of complaints. In this connection, it may be mentioned that a proper analysis and disclosure of complaints would be possible only if there is

Grievance Redressal Mechanism in banks

SCBs - CRR Increased

RBI/2007-2008/ 304Ref: DBOD.No.Ret.BC.79 /12.01.001/2007-08 April 29, 2008All Scheduled Commercial Banks(excluding Regional Rural Banks)Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRRPlease refer to our Circular RBI/2007-2008/287 DBOD .No. Ret. BC.70 /12.01.001/ 2007-08 dated April 21, 2008 on the captioned subject. As set out in the Governor's Annual Policy statement for the year 2008-09 issued on April 29, 2008, on a review of evolving l

RBI/2007-2008/ 304Ref: DBOD.No.Ret.BC.79 /12.01.001/2007-08 April 29, 2008All Scheduled Commercial Banks(excluding Regional Rural Banks)Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRRPlease refer to our Circular RBI/2007-2008/287 DBOD .No. Ret. BC.70 /12.01.001/ 2007-08 dated April 21, 2008 on the captioned subject. As set out in the Governor's Annual Policy statement for the year 2008-09 issued on April 29, 2008, on a review of evolving l

SCBs - CRR Increased

Rupee Export Credit Interest Rates

RBI/2007-2008/ 298DBOD.Dir.(Exp).BC.No.73/04.02.01/2007- 08April 25, 2008All Scheduled Commercial Banks(excluding RRBs)Dear Sir,Rupee Export Credit Interest RatesPlease refer to our circulars DBOD. Dir.(Exp.)No.22, 34B and 54/04.02.01/ 2007-08 dated July 13, October 6 and November 30, 2007 respectively on the captioned subject regarding provision of interest subvention to all scheduled commercial banks in respect of rupee export credit to the specified categories of e

RBI/2007-2008/ 298DBOD.Dir.(Exp).BC.No.73/04.02.01/2007- 08April 25, 2008All Scheduled Commercial Banks(excluding RRBs)Dear Sir,Rupee Export Credit Interest RatesPlease refer to our circulars DBOD. Dir.(Exp.)No.22, 34B and 54/04.02.01/ 2007-08 dated July 13, October 6 and November 30, 2007 respectively on the captioned subject regarding provision of interest subvention to all scheduled commercial banks in respect of rupee export credit to the specified categories of e

Rupee Export Credit Interest Rates

Financial Inclusion - Use of Business Facilitators/Business Correspondents

RBI/2007-2008/295DBOD.No.BL.BC.74 /22.01.009/2007-2008 April 24, 2008All Scheduled Commercial Banks (including RRBs) &Local Area BanksDear Sir,Financial Inclusion by Extension of Banking Services – Use of Business Facilitators(BFs) and Business Correspondents (BCs) Please refer to our circulars DBOD. No.BL.BC.58/22.01.001/2005-2006 dated January 25, 2006 and DBOD.No.BL.BC.72/22.01.009/2005-2006 dated March 22, 2006 on the above subject.2. Based on queries received

RBI/2007-2008/295DBOD.No.BL.BC.74 /22.01.009/2007-2008 April 24, 2008All Scheduled Commercial Banks (including RRBs) &Local Area BanksDear Sir,Financial Inclusion by Extension of Banking Services – Use of Business Facilitators(BFs) and Business Correspondents (BCs) Please refer to our circulars DBOD. No.BL.BC.58/22.01.001/2005-2006 dated January 25, 2006 and DBOD.No.BL.BC.72/22.01.009/2005-2006 dated March 22, 2006 on the above subject.2. Based on queries received

Financial Inclusion - Use of Business Facilitators/Business Correspondents

Recovery Agents engaged by Banks

RBI/2007-2008/296DBOD.No.Leg.BC.75 /09.07.005/2007-08April 24, 2008All Scheduled Commercial Banks(Excluding RRBs)Dear Sir, Mid-Term Review of the Annual Policy for the year 2007- 08 –Recovery Agents engaged by banks Please refer to the paragraph 172 and 173 of the mid-term review of the Annual Policy for the year 2007-08, a copy of which is enclosed. In view of the rise in the number of disputes and litigations against banks for engaging recovery agents in the recent

RBI/2007-2008/296DBOD.No.Leg.BC.75 /09.07.005/2007-08April 24, 2008All Scheduled Commercial Banks(Excluding RRBs)Dear Sir, Mid-Term Review of the Annual Policy for the year 2007- 08 –Recovery Agents engaged by banks Please refer to the paragraph 172 and 173 of the mid-term review of the Annual Policy for the year 2007-08, a copy of which is enclosed. In view of the rise in the number of disputes and litigations against banks for engaging recovery agents in the recent

Recovery Agents engaged by Banks

Revised Calendar of Reviews

RBI/2007-08/289 DBOD.No.BP.BC. 71 /21.03.038/2007-08 April 22, 2008 The Chief Executives of All Public Sector Banks Dear Sir, Revised Calendar of Reviews Please refer to our circular DBOD.No.BP.BC.96/21.03.038/2004-05 dated June 10, 2005 advising Calendar of Reviews to be submitted to the Board and Management Committee of the bank. 2.With a view to reducing the burden on Boards of banks on account of the Calendar of Reviews to be undertaken by them and to ensure that

RBI/2007-08/289 DBOD.No.BP.BC. 71 /21.03.038/2007-08 April 22, 2008 The Chief Executives of All Public Sector Banks Dear Sir, Revised Calendar of Reviews Please refer to our circular DBOD.No.BP.BC.96/21.03.038/2004-05 dated June 10, 2005 advising Calendar of Reviews to be submitted to the Board and Management Committee of the bank. 2.With a view to reducing the burden on Boards of banks on account of the Calendar of Reviews to be undertaken by them and to ensure that

Revised Calendar of Reviews