RBI/2007-08/357
RPCD. Stat. BC. No.75 /11.01.04/2007-08

June 04, 2008

The Chairman/Managing Director
All Scheduled Commercial Banks
(excluding Regional Rural Banks)

Dear Sir

Monitoring bank advances to priority sectors - Special Return III – Disbursal of advances to priority sectors as on the last reporting Friday of June (Annual)

Please refer to our circular RPCD. Stat. BC. No. 18/11.01.04/2007-08 dated August 9, 2007 requesting you to furnish the data in the existing formats of Special Return I, II and III as on the last reporting Friday of June 2007.

2. The scheduled commercial banks are required to furnish data in Special Returns I – Direct finance to agriculture and allied activities (outstanding as well as disbursement), II – Recovery of agricultural advances and III – Disbursal of advances to priority sectors on a yearly basis as on the last reporting Friday of June of a particular year within two months from the reference date.  On the basis of the revised guidelines on lending to priority sector, while there is no change in the existing formats of Special Returns I and II, the format of Special Return III stands revised.  Accordingly, the revised format for reporting data for Special Return III is enclosed.

3. The banks are, therefore, requested to furnish data on priority sector advances, as mentioned above, in the required format for the year ending June 2008 (i.e. last reporting Friday of June) and thereafter.

4.  Please acknowledge receipt

Yours faithfully

(G.Srinivasan)
Chief General Manager-in-Charge