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ଜୁନ 06, 2006

Opening of savings bank accounts in the name of certain bodies/organisations

RBI/2005-06/399 RPCD.CO.RF.BC.No 87/07.38.01/2005-06 June 6, 2006All State and District Central Co-operative Banks Dear Sir, Opening of savings bank accounts in the name of certain bodies/organisations Please refer to our Circular RPCD No. RF.Dir. BC. 30/07.38.01/2000-01 dated October 17, 2000, permitting banks to open savings bank accounts in the name of Government departments/bodies/agencies in respect of grants/subsidies released for implementation of various progr

ପିଡିଏଫ ( 42297 )

ଜୁନ 06, 2006

PMRY - disbursement for purchase of milch animals - cut-off date extended

RBI/2005-06/400 RPCD.PLNFS.BC.No. 88 /09.04.01/ 2005 –2006 June 06, 2006 The Chairman/Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, PMRY - Cut-Off date for completion of disbursement for cases relating to purchase of milch animals under the Programme Year 2005 -2006 Please refer to our circular RBI/ 2005-06/336/ RPCD.PLNFS.BC.No.70/09.04.01/ 2005 –2006 dated March 24, 2006. In partial modification of the circular, the Ministry of A

ପିଡିଏଫ ( 42804 )

ଜୁନ 05, 2006

Union Budget - 2006-07 - Proposal for ensuring Short Term Credit to Farmers at the interest rate of 7% p.a.

RBI/ 2005-06/398 RPCD.No.PLFS.BC. 86 /05.04.02(Kharif-06)/2005-06 June 05, 2006 All Public Sector Banks/Regional Rural Banks Dear Sir, Union Budget – 2006-07 – Proposal for ensuring Short Term Credit to Farmers at the interest rate of 7% p.a. As you are aware, the Hon’ble Finance Minister, in his Budget Speech (paragraph 49) for 2006-07 had announced as follows : "Government has decided to ensure that the farmer receives short term credit at 7 per cent, with an upper

ପିଡିଏଫ ( 63395 )

ମଇ 23, 2006

Guidelines for Relief Measures by Banks to Poultry Industry

RBI/ 2005-06/390 RPCD.PLFS. BC. No.84 /05.04.02(Poultry)/ 2005-06 May 23, 2006 The Chairman/Managing Director/ Chief Executive Officer All Scheduled Commercial Banks@@NBSP@@ Dear Sir, Guidelines for Relief Measures by Banks to Poultry Industry Please refer to paragraph 2 of our circular RPCD.PLFS.BC. No 73/05.04.02/ 2005-06@@NBSP@@dated April 04, 2006 indicating that Instructions would be issued separately on the scope of the subvention and its calculation as well as

ପିଡିଏଫ ( 58882 )

ମଇ 17, 2006

Marketing of Mutual Fund Units - RRBs

RBI/2005-06/388 RPCD.No.RRB.BC.82 /03.05.33/2005-06 May 17, 2006 The Chairmen All Regional Rural Banks Dear Sir, Marketing of Mutual Fund Units - RRBs With a view to expanding the scope of business of RRBs and considering that marketing of Mutual Fund (MF) units provides a profitable avenue for banks, it has been decided to allow Regional Rural Banks (RRBs) to undertake marketing of units of Mutual Funds, as agents. Accordingly, RRBs may, with approval of their Board

ପିଡିଏଫ ( 41389 )

ମଇ 17, 2006

PMRY - Cut-off Date for Lapsing of Sanction/Completion of Disbursement of Loans extended

RBI/2005-06/389 RPCD.PLNFS.BC.No. 83/ 09.04.01/ 2005 –2006 May 17, 2006 The Chairman / Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, PMRY–Extension of Cut-Off date for lapsing of sanction and completion ofdisbursement of loans for the programme year 2005-06 - for some states/UT Please refer our circular RBI / 2005-06 / 336/ RPCD.PLNFS.BC.No.70/ 09.04.01 /2005 –2006 dated March 24, 2006. 2. Ministry of Agro & Rural Industries, G

ପିଡିଏଫ ( 43590 )

ମଇ 16, 2006

Banks advised to Display Service Charges in their branches/on website

RBI/ 2005-06/386 RPCD.BOS./81 /13.33.01/2005-06 May 16, 2006 The Chairman/Chief Executive Officer/Managing Director, All Commercial Banks (Including RRBs). Dear Sir/Madam, Annual Policy Statement for the year 2006-07-Fair Practices Code- Display of Bank Charges Please refer to the paragraph 162 of the Annual Policy Statement for the year 2006-07, a copy of which is enclosed. 2. As per extant instructions, the decision to prescribe service charges is left to the

ପିଡିଏଫ ( 56905 )

ମଇ 02, 2006

Credit Mobilisation target under Swarnajayanti Gram Swarozgar Yojana (SGSY) during the year 2006-07

RBI/2006/ 381 RPCD.SP. BC. No. 80 /09.01.01/2005-06 May 2, 2006 The Chairman /Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Credit Mobilisation target under Swarnajayanti Gram Swarozgar Yojana (SGSY) during the year 2006-07 Government of India have finalised tentative credit mobilisation target for the year 2006-07 under SGSY. The State /UT wise credit mobilisation targets for the year 2006-07 are enclosed. The credit mobilisation

ପିଡିଏଫ ( 68694 )

ଅପ୍ରେଲ 27, 2006

StCBs/DCCBs/RRBs prohibited from crediting Account Payee Cheque Proceeds to Third Party Account

RBI/2005-06/376 RPCD.CO.RF. BC No. 78/07.38.03 / 2005-06 April 27, 2006 All State Co-operative Banks/ District Central Co-operative Banks/ Regional Rural Banks Dear Sir Collection of account payee cheques – Prohibition on crediting proceeds to third party account Please refer to our circular RPCD.No.BC 31/07.38.01/96-97 dated September 2, 1996, advising that the banks should not collect third party ' account payee' instruments on behalf of their constituent soc

ପିଡିଏଫ ( 44014 )

ଅପ୍ରେଲ 21, 2006

Interest Rate on Export Credit in Foreign Currency

RBI/2005-06/373 RPCD.CO.RF.BC.No 77/07.38.01/2005-06 April 21, 2006 The Managing Director Maharashtra State Co-operative Bank Ltd. 9, Nagindas Master Road Extension, Fort Mumbai-1 Dear Sir, Interest Rate on Export Credit in Foreign Currency Please refer to paragraph 113 of the Annual Policy Statement for the year 2006-07, announced on April 18, 2006 (extract of paragraph 113 enclosed) relating to export credit in foreign currency. 2.

ପିଡିଏଫ ( 51122 )

ଅପ୍ରେଲ 19, 2006

RRBs - Interest Rates on NRE Deposits

RBI/2005-06/366 RPCD.No.RRB.BC.76/03.05.33(C)/2005-06 April 19, 2006 All Regional Rural Banks/Sponsor Banks Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to paragraph 112 of the Annual Policy Statement for the year 2006-07, announced on April 18, 2006 (copy of the paragraph enclosed). 2. In this context, please refer to our circular RPCD.No.RRB.BC.49/ 03.05.33(C)/2005-06 dated November 22, 2005 on Interest Rates on NRE Deposits.

ପିଡିଏଫ ( 60157 )

ଅପ୍ରେଲ 19, 2006

StCBs/DCCBs-Interest Rate on NRE Deposits

RBI/2005-06/365 RPCD.CO.RF.BC.No.75/07.38.01/2005-06 April 19, 2006 All State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to our Circular RPCD.CO.RF.BC No. 48/07.38.01/2005-06 dated November 22, 2005 on Interest Rates on NRE Rupee Deposits. In the Annual Policy Statement for the year 2006-07, announced on April 18, 2006 (extract of paragraph 112 enclosed

ପିଡିଏଫ ( 48648 )

ଅପ୍ରେଲ 13, 2006

Target under PMRY for 2006-07

RBI/2005-06/358 RPCD.PLNFS.BC.No. 74 /09.04.01/ 2005 –2006 April 13, 2006 The Chairman / Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Target under the Prime Minister Rozgar Yojana (PMRY) for the year 2006-2007 We advise that Government of India have allocated a target of 3,84,340 to States/UTs as per `Annexure A', under PMRY for the year 2006 – 2007. 2. The targets have been worked out on the basis of the final performance report

ପିଡିଏଫ ( 83960 )

ଅପ୍ରେଲ 04, 2006

Guidelines for Relief Measures by Banks to Poultry Industry

RBI/ 2005-06/346 RPCD. PLFS. BC. No.73/05.04.02/ 2005-06 April 04, 2006 The Chairman/Managing Director/ Chief Executive Officer All Scheduled Commercial Banks Dear Sir, Guidelines for Relief Measures by Banks to Poultry Industry As you are aware, there have been instances of outbreak of Avian Influenza (bird flu) in some areas of the country. Keeping in view the loss of income that has occurred due to culling of birds as well as steep fall in the demand for poul

ପିଡିଏଫ ( 51633 )

ମାର୍ଚ୍ଚ 31, 2006

RRBs - Valuation of Investment in SLR/Approved Securites

RBI/2005-06/343 RPCD.RRB.BC.No.71/03.05.34/2005-06 March 31, 2006 The Chairmen All Regional Rural Banks/Sponsor Banks Dear Sir, Valuation of investment in SLR/Approved Securities by Regional Rural Banks (RRBs) Please refer to our circular RPCD.RRB.BC.No.20/03.05.34/2005-06 dated July 15, 2005 on the above subject. 2. The matter has been reviewed and it has been decided that the exemption granted to RRBs up to the financial year 2005-06 from 'mark to market' norms in r

ପିଡିଏଫ ( 53175 )

ମାର୍ଚ୍ଚ 31, 2006

Interest Rate on FCNR(B) Deposits

RBI/2005-06/344 RPCD.CO.RF.BC. 72/ 07.38.01 / 2005-06 March 31, 2006 The Managing Director Maharashtra State Co-operative Bank Ltd. 9, Nagindas Master Road Extension, Fort Mumbai-1 Dear Sir, Interest Rate on FCNR(B) Deposits Please refer to our circular RPCD.CO.RF.BC 54/07.38.01/2004-05 dated November 1, 2004 on the above subject. In terms of the above guidelines, you were free to accept FCNR(B) deposits and pay interest within the ceiling rate of LIBOR / SWAP rates f

ପିଡିଏଫ ( 46506 )

ମାର୍ଚ୍ଚ 24, 2006

PMRY - Cut-Off date for lapsing of sanctions and completion of disbursement against the sanction cases of the Programme year 2005-06 - Extension thereof

RBI / 2005-06 / 336 RPCD.PLNFS.BC.No.70 /09.04.01/2005 –2006 March 24, 2006 The Chairman / Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, PMRY - Cut-Off date for lapsing of sanctions and completion of disbursement against the sanction cases of the Programme year 2005-06 - Extension thereof Please refer to our circular RBI/2004-05/427/ RPCD.PLNFS.BC.No.95/ 09.04.01/ 2004 –2005 dated April 20, 2005 intimating the targets for the progr

ପିଡିଏଫ ( 43429 )

ମାର୍ଚ୍ଚ 21, 2006

StCBs/DCCBs -Irregularities in Investment Portfolio

RBI/2005-06/329 RPCD.CO.RF.BC.No.69/07.02.03/2005-06 March 21, 2006 All State and District Central Co-operative Banks (StCBs/DCCBs) Dear Sir, Investment Portfolio of State and District Central Co-operative Banks (StCBs/DCCBs)- Irregularities observed by NABARD NABARD has forwarded a list of irregularities observed in the half-yearly review of investment portfolios of StCBs/DCCBs. In this connection, your attention is invited to our guidelines listed in Annex, relating

ପିଡିଏଫ ( 54739 )

ମାର୍ଚ୍ଚ 09, 2006

Prevention of Money Laundering Act, 2002 - Obligation of RRBs

RBI/2005-06/321 RPCD.CO. RRB.AML.BC.68/03.05.33(E)/2005-06 March 9, 2006 The Chairmen of all the Regional Rural Banks Dear Sir, Prevention of Money Laundering Act, 2002 – Obligation of Regional Rural Banks in terms of Rules notified thereunder Please refer to our circular RPCD.NO.RRB.BC.81/03.05.33(E)/ 2004-05 dated February 18, 2005 on KYC Guidelines and Anti Money Laundering Standards. Regional Rural Banks were advised to put in place a policy framework within three

ପିଡିଏଫ ( 76881 )

ମାର୍ଚ୍ଚ 09, 2006

StCBs/DCCBs - Advances against Gold Ornaments/Jewellery

RBI/2005-06/318 RPCD.CO.RF.BC.No. 67 /07.40.06/2005-06 March 9, 2006 All State Co-operative Banks (SCBs) and District Central Co-operative Banks (DCCBs) Dear Sir / Madam Advances against Gold Ornaments and Jewellery State Co-operative Banks (SCBs) and District Central Co-operative Banks (DCCBs) may be granting advances for various purposes against the security of gold ornaments and jewellery as part of their lending policy. 2. As you are aware, hallmarking of gold jew

ପିଡିଏଫ ( 47579 )

ମାର୍ଚ୍ଚ 09, 2006

Banks advised to credit Interest Relief to Farmers' Accounts before March 31, 2006

RBI/2005-06/319 RPCD.No.PLFS.BC.66/05.04.02(Kharif-05)/2005-06 March 09, 2006 All Scheduled Commercial Banks Dear Sir, Union Budget 2006-07 - Guidelines for Relief to Farmers 1. Paragraph 48 of the Union Budget Speech envisages grant of interest relief of two percentage points in the interest rate on the principal amount upto Rs1 lakh on crop loans availed by the farmers for Kharif and Rabi 2005-06. The amount of the relief is required to be credited to t

ପିଡିଏଫ ( 54119 )

ମାର୍ଚ୍ଚ 03, 2006

Prevention of Money Laundering Act, 2002 - Obligation of banks in terms of Rules notified thereunder

RBI/2005-06/313 RPCD.CO. RF.AML.BC.65/07.02.12/2005-06 March 3, 2006 The Chief Executives of all State and District Central Co-operative Banks Dear Sir, Prevention of Money Laundering Act, 2002 – Obligation of banks in terms of Rules notified thereunder Please refer to our circular RPCD.AML.BC.80/07.40.00/ 2004-05 dated February 18, 2005 on KYC Guidelines and Anti Money Laundering Standards. Banks were advised to put in place a policy framework within three months of

ପିଡିଏଫ ( 76240 )

ଫେବୃଆରୀ 27, 2006

RRBs - Advances against Gold Ornaments and Jewellery

RBI/2005-06/307 RPCD.CO.No.RRB.BC.64/03.05.34/2005-06 February 27, 2006 The Chairmen All Regional Rural Banks Dear Sir Advances against Gold Ornaments and Jewellery Regional Rural Banks (RRBs) may be granting advances for various purposes against the security of gold ornaments and jewellery as part of their lending policy. 2. As you are aware, hallmarking of gold jewellery ensures the quality of gold used in the jewellery as to caratage, fineness and purity. Therefore

ପିଡିଏଫ ( 37673 )

ଫେବୃଆରୀ 20, 2006

Master Circular on Lending to Priority Sector-Modification

RBI/2005-06/304 RPCD. PLFS.BC. NO.63/05.05.03/2005-06 February 20, 2006 The Chairman and Managing Director/ Chief Executive Officer All Scheduled Commercial Banks Dear Sir, Master Circular on Lending to Priority Sector-Modification Please refer to our Master Circular RPCD. No. Plan. BC. 21/ 04.09.01/ 2005-06 dated July 18, 2005 issuing guidelines/instructions/directives to banks on lending to Priority Sector. In terms of paragraph 1.2.2 (i), loans to State Electricity

ପିଡିଏଫ ( 40401 )

ଜାନୁଆରୀ 19, 2006

StCBs/DCCBs - Charging of Depreciation on Computers

RBI/2005-06/ 276 RPCD.CO.RF.BC.No. 62 /07.40.06/2005-06 January 19, 2006 All State Co-operative Banks (SCBs) and District Central Co-operative Banks (DCCBs) Dear Sir, Charging of depreciation on computers – Method and rate thereof As you are aware, NABARD has already issued a circular (ref.no. NB.IDD.COOP. (ST) Pol./282/V.20/2004-05 dated July 01, 2004) regarding charging of depreciation on computers. 2. It is reiterated that all SCBs / DCCBs should continue to charge

ପିଡିଏଫ ( 36328 )

ଡିସେମ୍ବର 30, 2005

RRBs - Financial Inclusion - Trilingual Forms/Brochures/Pamphlets

RBI/2005-06/270 RPCD.CO.No.RRB.BC.61/03.05.33(F)/2005-06 December 30, 2005 The Chairmen, All Regional Rural Banks Dear Sir Financial Inclusion - Trilingual Forms/Brochures/Pamphlets Please refer to our Circular RPCD.CO.No.RRB.BC.58/03.05.33(F)/2005-06 dated December 27, 2005 wherein Regional Rural Banks were advised to make available a basic banking 'no-frills' account either with 'nil' or very low minimum balance as well as charges that would make such accounts acces

ପିଡିଏଫ ( 6558 )

ଡିସେମ୍ବର 30, 2005

STCBs/DCCBs - Financial Inclusion - Trilingual Forms / Brochures / Pamphlets

RBI /2005-06/269 RPCD.RF.BC.60/07.38.01/2005-06 December 30, 2005All State and District Central Co-operative BanksDear Sir Financial Inclusion - Trilingual Forms / Brochures / Pamphlets Please refer to our Circular RPCD.RF.BC.54/07.38.01/2005-06 dated December 13, 2005 wherein banks were advised to make available a basic banking 'no-frills' account either with 'nil' or very low minimum balances as well as charges that would make such accounts accessible to vast sectio

ପିଡିଏଫ ( 41378 )

ଡିସେମ୍ବର 27, 2005

One-Time Settlement Scheme for Small Borrowal Accounts and Eligibility for Fresh Loans

RBI/2005-06/241 RPCD.PLNFS.BC.No.56/ 06.02.31/2005-06 December 27, 2005The Chairman/ Managing Director All Scheduled Commercial Banks (Including RRBs & LABs)Dear Sir, One-Time Settlement Scheme for Small Borrowal Accounts and Eligibility for Fresh Loans In order to offer small borrowers an opportunity to settle their NPA accounts with banks and become eligible for fresh finance, all scheduled commercial banks (including Regional Rural Banks and Local Area Banks) a

ପିଡିଏଫ ( 41258 )

ଡିସେମ୍ବର 27, 2005

Financial Inclusion - Zero balance accounts in RRBs

RBI/2005-06/244 RPCD.CO.No.RRB.BC.58/03.05.33 (F)/2005-06 December 27, 2005@@NBSP@@ The Chairmen. All Regional Rural Banks Dear Sir, Financial Inclusion – Zero balance accounts in RRBs Please refer to Paragraph 96 of the Mid-term Review of Annual Policy Statement for the year 2005-06.@@NBSP@@ 2. The Annual Policy Statement of April 2005, while recognizing the concerns in regard to the banking practices that tend to exclude rather than attract vast sections of populati

ପିଡିଏଫ ( 45212 )

ଡିସେମ୍ବର 27, 2005

Scheme to cover loans for general purposes under General Credit Card (GCC)

RBI/2005-06/245 RPCD.CO.No.RRB.BC.59/03.05.33 (F)/2005-06 December 27, 2005 To All Scheduled Commercial Banks/ Regional Rural Banks Dear Sir/Madam, Scheme to cover loans for general purposes under General Credit Card (GCC) As you are aware, credit cards are now being extensively issued to and used by individuals to make purchases of goods and services on credit and make cash withdrawals. In rural areas, with limited Point-of-Sale (POS) and limited ATM facilities

ପିଡିଏଫ ( 50613 )

ଡିସେମ୍ବର 27, 2005

Special package for Regional Rural Banks (RRBs)

RBI/2005-06/243 RPCD.CO.No.RRB.BC.57/03.05.33 (F)/2005-06 December 27, 2005 All Regional Rural Banks/Sponsor Banks Dear Sir/Madam, Special package for Regional Rural Banks (RRBs) In the Bank's Annual Policy Statement for the year 2005-06 (paragraph 88), it was announced to reposition RRBs as an effective instrument of credit delivery in the Indian financial system. Towards this end, some steps have already been taken in the recent past including amalgamation of some R

ପିଡିଏଫ ( 50906 )

ଡିସେମ୍ବର 20, 2005

StCBs/DCCBs - Additional Provisioning for Standard Assets

RBI/2005-06/236 RPCD.RF.BC 55/ 07.37.02/ 2005-06 December 20, 2005 All State and District Central Co-operative Banks Dear Sir/ Madam Mid-Term Review of Annual Policy Statement for the year 2005-06 -Additional Provisioning Requirement for Standard Assets-SCBs/DCCBs In terms of the extant prudential guidelines, the standard assets attract a uniform provisioning requirement of 0.25 per cent of the funded outstanding on a portfolio basis. Traditionally, banks’ loans and a

ପିଡିଏଫ ( 49228 )

ଡିସେମ୍ବର 13, 2005

StCBs/DCCBs - Financial Inclusion

RBI/2005-06/233 RPCD.RF.BC.54/07.38.01/2005-06 December 13, 2005 All State and District Central Co-operative Banks Dear Sir, Financial Inclusion Please refer to Paragraph 96 (copy enclosed) of the Mid-term Review of Annual Policy Statement for the year 2005-06. 2. The Annual Policy Statement of April 2005, while recognising the concerns in regard to the banking practices that tend to exclude rather than attract vast sections of population, urged banks to review their

ପିଡିଏଫ ( 57017 )

ଡିସେମ୍ବର 08, 2005

Maintenance of CRR / SLR on transaction in Collateralised Borrowing and Lending Obligation (CBLO)

RBI/2005-06/230 RPCD.CO.RF.BC. 53/07.02.01/2005-06 December 8, 2005 All Scheduled State Co-operative Banks (SCBs) and Regional Rural Banks (RRBs) Dear Sir, Maintenance of CRR / SLR on transaction in Collateralised Borrowing and Lending Obligation (CBLO) As you are aware, Reserve Bank of India has been promoting collateralised borrowing/ lending operations by market participants. 2. The Clearing Corporation of India Ltd. (CCIL) has developed and introduced with effect

ପିଡିଏଫ ( 43692 )

ଡିସେମ୍ବର 06, 2005

Financing of projects under Agri-clinics and Agri-bussiness center scheme - Review at meetings

RBI/2005-06/228 Ref. No. RPCD.LBS.BC.No.52/02.01.01/2005-06 December 6, 2005 The Chairman / Managing Director, All Scheduled Commercial Banks, (including RRBs) Dear Sir, Financing of projects under Agri-clinics and Agri-bussiness center scheme – Review at meetings Small Farmers' Agri-Business Consortium (SFAC), Ministry of Agriculture, Department of Agriculture and Co-operation, New Delhi, an implementing agency of Central Sector Scheme has requested us to include the

ପିଡିଏଫ ( 39661 )

ଡିସେମ୍ବର 06, 2005

Participation in various fora under Lead Bank Scheme

RBI/2005-06/229 No. RPCD. LBS. BC. No.50/02.01.01/2005-06 December 06, 2005 The Chairman/Managing Director/Chief Executive Officer (All Indian Private Sector Banks) Dear Sir, Participation in various fora under Lead Bank Scheme Please refer to our Circular letter No.RPCD.LBS.BC.76/02.01.01/2004-05 dated 28th January, 2005 on the captioned subject through which private sector banks were requested to take active part in various for a under Lead Bank Scheme and Governmen

ପିଡିଏଫ ( 42882 )

ଡିସେମ୍ବର 05, 2005

Guidelines for relief measures by banks in areas affected by unprecedented rains and floods in Tamil Nadu

RBI/2005-06/225 RPCD. PLFS. BC. No.51 / 05.04.02 / 2005-06 December 5, 2005 The Chairman/Managing Director/Chief Executive Officer All scheduled commercial banks Dear Sir, Guidelines for relief measures by banks in areas affected by unprecedented rains and floods in Tamil Nadu As you are aware, the State of Tamil Nadu has been affected by unprecedented rains and floods, resulting in heavy damage to life and property. In this connection we invite your attention to our

ପିଡିଏଫ ( 42002 )

ନଭେମ୍ବର 22, 2005

RRBs - Interest Rate Ceiling on NRE Deposits Revised

RBI/2005-06/213 RPCD.No.RRB.BC.49/03.05.33(C)/2005-06 November 22, 2005 All Regional Rural Banks/Sponsor Banks Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to our circulars RPCDNo.RRB.BC.89 & 56/03.05.33(C)/2003-04/2004-05 dated June 8, 2004 and November 01, 2004 respectively on Interest Rates on NRE Deposits. On a review, it has been decided that until further notice and with effect from close of business in India on Novemb

ପିଡିଏଫ ( 47804 )

ନଭେମ୍ବର 22, 2005

StCBs/DCCBs - Interest Rate Ceiling on NRE Deposits Revised

RBI/2005-06/212 RPCD.CO.RF.BC.No.48/07.38.01/2005-06 November 22, 2005 All State Co-operative Banks and District Central Co-operative Banks Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to our Circulars RPCD.CO.RF.BC No. 81/07.38.01/2003-04 dated May 12, 2004 and RPCD.CO.RF.BC 53/07.38.01/2004-05 dated November 1, 2004 on Interest Rates on NRE Deposits. On a review, it has been decided that until further notice and with effect fr

ପିଡିଏଫ ( 48282 )

ନଭେମ୍ବର 09, 2005

Credit Deposit Ratio - Implementation of the Recommendations of Expert Group on CD Ratio

RBI/2005-06/202 Ref.RPCD.LBS.BC.No.47/02.13.03/2005-06 Date: November 9, 2005 The Chairman / Managing Director All Scheduled Commercial Banks (including RRBs) Dear Sir, Credit Deposit Ratio – Implementation of the Recommendations of Expert Group on CD Ratio An Expert Group was constituted by Government of India under Chairmanship of Shri Y.S.P. Thorat, M.D., NABARD to go into the nature and magnitude of the problem of low credit deposit (CD) ratio across States / Regi

ପିଡିଏଫ ( 50289 )

ନଭେମ୍ବର 08, 2005

General Provisioning Requirement for Standard Advances Increased

RBI/2005-06/201 RPCD CO.RRB.No.BC.46/03.05.34/2005-06 November 8, 2005 All Regional Rural Banks Dear Sir, Mid-Term Review of Annual Policy Statement for the year 2005-06: Additional Provisioning Requirement for Standard Assets In terms of the extant prudential guidelines, the standard assets attract a uniform provisioning requirement of 0.25 per cent of the funded outstanding on a portfolio basis. Traditionally, banks’ loans and advances portfolio is pro-cyclical and

ପିଡିଏଫ ( 56778 )

ଅକ୍ଟୋବର 18, 2005

Banks advised to improve Performance under SGSY

RBI /2005-06/182 RPCD.SP.BC. 45 /CLCC/09.01.01/2005-06 October 18, 2005 The Chairman and Managing Director All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, A Review of Swarnjayanti Gram Swarozgar Yojana (SGSY)- Central Level Coordination Committee (CLCC) meeting held on Feb 7, 2005 at NABARD Mumbai Please refer to our circular RBI/2004-05/307;Ref.RPCD.SP.BC 66 dated December 21, 2004 wherein we have advised the banks to take appropriate action to ensure succe

ପିଡିଏଫ ( 46079 )

ଅକ୍ଟୋବର 10, 2005

Co-operative Banks advised to disclose additional information in their Balance Sheets

RBI / 2005-06 / 178 RPCD.CO.RF.BC.No. 44 / 07.38.03 / 2005-06 October 10, 2005 Ashwina 18, Saka 1927 All State Co-operative Banks (SCBs) and District Central Co-operative Banks (DCCBs) Dear Sir, Balance sheets of co-operative banks – Disclosure of additional information In terms of section 29 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), every co-operative bank is required to prepare a Balance Sheet and Profit and Loss Account in respe

ପିଡିଏଫ ( 48280 )

ଅକ୍ଟୋବର 09, 2005

Guidelines for relief measures by banks in areas hit by earthquake in Jammu & Kashmir and other parts of North India

RBI/ 2005-06/176 RPCD. PLFS. BC. No.43/05.04.02/ 2005-06 October 09, 2005 The Chairman/Managing Director/ Chief Executive Officer All scheduled commercial banks Dear Sir, Guidelines for relief measures by banks in areas hit by earthquake in Jammu & Kashmir and other parts of North India As you are aware, the State of Jammu & Kashmir and other parts of North India have been affected by an earthquake, resulting in heavy damage

ପିଡିଏଫ ( 43987 )

ଅକ୍ଟୋବର 01, 2005

Advisory Committee on Flow of Credit

RBI/ 2005-06/172 RPCD. PLFS. BC.No. 42 / 05.02.02/ 2005-06 October 1, 2005 The Chairman/ Managing Director/Chief Executive Officer (All scheduled commercial banks) Dear Sir/Madam, The Advisory Committee on Flow of Credit to Agriculture and Related Activities from the Banking System The Advisory Committee on Flow of Credit to Agriculture and related activities from the Banking System (Vyas Committee) in terms of paragraph 5.11 of the report had recommended as follows:

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ସେପ୍ଟେମ୍ବର 28, 2005

RRBs advised to submit Bank Statements of Golden Forests (India) Ltd

RBI/2005-06/169 RPCD.RRB.CO.No.BC.41/03.05.33/2005-06 September 28, 2005 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 PC 68/2003 – The Securities and Exchange Board of India etc. Vs Golden Forest (I) Ltd. and Others – Appointment of Committee by the Supreme Court Please refer to our circular RPCD.RRB.CO.No.BC.52/03.05.33/2004-05 (RBI/2004-05/260) da

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ସେପ୍ଟେମ୍ବର 21, 2005

SCCBs/DCCBs - Non-SLR Investments

RBI/2005-06/166 RPCD.CO.RF.BC 40/07.02.03/2005-06 September 21, 2005 All State and District Central Co-operative Banks Dear Sir, Investment portfolio of banks- Non-SLR investments Please refer to our circular No.RPCD.CO.RF.BC.26/07.02.03/2005-06 dated August 4, 2005 on the above subject. 2. On receipt of queries from certain quarters, it is clarified that there is no relaxation in the overall limit of non-SLR investment, which is fixed at 10 per cent of the bank’s tot

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ସେପ୍ଟେମ୍ବର 17, 2005

SSCBs permitted to undertake Co-branded Domestic Credit Card Business

RBI /2005-06 /164 RPCD.CO.RF.BC.No. 2 / 07.06.00/2005-06 September 17, 2005 Bhadra 26, Saka 1927 Chairmen of All State Co-operative Banks Dear Sir, Approval for Co-branded Domestic Credit Card Business The issue of permitting Scheduled State Co-operative Banks (SCBs) to take up co-branded domestic credit card business has been examined. It has been decided to allow licensed and/or scheduled SCBs to undertake, without risk participation, co-branded domestic credit card

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ସେପ୍ଟେମ୍ବର 03, 2005

Guidelines on One-Time Settlement Scheme for SME Accounts

RBI/2005-06/153 RPCD.PLNFS. BC.No.39 / 06.02.31/ 2005-06 September 3, 2005The Chairman/Managing Director All Public Sector BanksDear Sir, Guidelines on One-Time Settlement Scheme for SME Accounts Please refer to Paragraph No. 8 of our circular RPCD. PLNFS.BC. No. 31/06.02.31/2005-06 dated August 19, 2005 and accordingly, a one-time settlement scheme for recovery of NPAs below Rs.10 crore is proposed hereunder which is required to be implemented by all public sector ba

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ଅଗଷ୍ଟ 26, 2005

PMRY - Manipur -Cut-off Date for Disbursement of Loan Extended

RBI/2005-06/144 RPCD.PLNFS.BC.No. 37/09.04.01/2005 –2006 August 26, 2005 The Chairman / Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, PMRY – Extension of Cut-Off date for completion of disbursement of loans for the programme year 2004-05 - for the state of Manipur Please refer our circular RBI/2005-06/88/RPCD.PLNFS.BC.No.25/09.04.01/2005–2006 dated August 01, 2005. 2. Ministry of Agro & Rural Industries, Government of India has

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