Financial Inclusion and Development

RBI/2009-10/120 RPCD CO.RCBD. BC. No.15 /03.03.01/2009-10 August 13, 2009 All State and Central Co-operative Banks Dear Sir Housing Finance Please refer to our circular RPCD No. PLNFS. BC. 51/06.11.02/97-98 dated October 31, 1997 read with circulars RPCD No. PLNFS. BC. 04/06.11.02/97-98 dated July 5, 1997 and RPCD No. PLNFS. BC. 122/06.11.02/94-95 dated February 24, 1995 on the captioned subject. In terms of the extant instructions, the maximum quantum of housing loan

RBI/2009-2010/114 RPCD.CO.RF.BC.No.@@NBSP@@14 / 07.06.00 / 2009-10 August 4, 2009 Shravana 12, Saka 1931 All State Co-operative Banks Dear Sir / Madam, Section 23 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Policy for opening of new place of business by State Co-operative Banks On a review of the policy for opening of new place of business, under Section 23 of the Banking Regulation Act, 1949 (AACS) by State Co-operative Banks, it h

RBI/2009-10/92 RPCD.CO.RRB.BC No. 11/03.05.33/2009-10 July 1, 2009 The Chairman All Regional Rural Banks Dear Sir, Agricultural Debt Waiver and Debt Relief Scheme, 2008 – Prudential Norms on Income Recognition, Asset Classification and Provisioning and Capital Adequacy- RRBs Please refer to our circulars RPCD.CO.RRB.No.BC.18 /03.05.072/2008-09 July 30, 2008; RPCD.CO.RRB.No.BC.64/ 03.05.072/ 2008-09 November 17, 2008 and RPCD.CO. RRB. No.BC.92/ 03.05.072/ 2008-09 March

RBI/2009-10/63 DBOD.No. BL.BC. 20 /22.01.001/2009-10 July 1, 2009 Ashadha 9, 1931(Saka) All Commercial Banks (excluding RRBs) Dear Sir, Section 23 of Banking Regulation Act, 1949 – Master Circular on Branch Authorisation Please refer to the Master Circular DBOD.No.BL.BC.21/22.01.001 / 2008-09 dated July 1, 2008 consolidating instructions / guidelines issued to banks on Branch Authorisation@@NBSP@@ till June 30, 2008.@@NBSP@@@@NBSP@@ The Master Circular has been suitab

RBI/2009-10/41 RPCD.CO.RRB.No.BL.BC. 8/ 03.05.90- A/ 2009-10 July 1, 2009 The Chairman, All Regional Rural Banks Dear Sir, Section 23 of the Banking Regulation Act, 1949 - Master Circular on Branch Licensing - Regional Rural Banks (RRBs) Reserve Bank of India has been issuing instructions to RRBs regarding opening/shifting/merger of branches/extension counters/offices, etc. from time to time. With a view to consolidating all the current instructions and incorporating

RBI/2008-09/512 RPCD.CO.RF.BC.No. 116 /07.37.02/2008-09 June 26, 2009 All State and Central Co-operative Banks Dear Sir, Agricultural Debt Waiver and Debt Relief Scheme, 2008 - Prudential Norms on Income Recognition, Asset Classification and Provisioning Please refer to our circulars RPCD.CO.RF.BC.No.17/07.38.03/2008-09 dated July 30, 2008, RPCD.CO.RF.BC.No.69/07.37.02/2008-09 dated November 17, 2008 and RPCD.CO.RF.BC.No.91/07.37.02/2008-09 dated March 6, 2009 on the

RBI/2008-09/506 RPCD.CO.RRB.BC.No.115/03.05.33/2008-09 June 22, 2009 All Regional Rural Banks Dear Sir, Valuation of properties - Empanelment of Valuers It has been observed that different banks follow different policies for valuation of properties and appointment of valuers for the purpose. The issue of correct and realistic valuation of fixed assets owned by banks and that accepted by them as collateral for a sizable portion of their advances portfolio assumes signi

RBI/2008-09/504 RPCD.CO.RRB.BC No. 114/03.05.90-A/2008-09 June 18, 2009 All Regional Rural Banks Dear Sir, "Controlling Office" renamed as "Regional Office"- RRBs Please refer to paragraph 2 and 2.3 of our Master Circular on Branch Licensing - @@NBSP@@Regional Rural Banks (RRBs) RPCD.CO.RRB.No.BL.BC.07/ 03.05.90-A/2008-09 (RBI/2008-09/36) July 1, 2008 read with Circular RPCD. CO. RRB. BC. No. 101/ 03.05.90-A/ 2008-09 dated May 4, 2009, on the captioned subject. 2. We

RBI/2008-09/498 RPCD.CO.RF.BC.No.113/07.37.02/2008-09 June 16, 2009 All State Co-operative Banks (StCBs) and Central Co-operative Banks (CCBs) Dear Sir, Income recognition, asset classification, provisioning and other related matters Short-term agricultural advances as well as advances for other purposes are granted by State Co-operative Banks/Central Co-operative Banks to Central Co-operative Banks/Primary Agricultural Credit Societies respectively for the purpose of

RBI/2008-2009/490 RPCD.CO.RF.BC.No. 112 /07.37.02/2008-09 June 3, 2009 All State Co-operative Banks (StCBs) and@@NBSP@@ District Central Co-operative Banks (DCCBs)@@NBSP@@ Dear Sir, Valuation of properties - Empanelment of Valuers It has been observed that different banks follow different policies for valuation of properties and appointment of valuers for the purpose. The issue of correct and realistic valuation of fixed assets owned by banks and that accepted by them

RBI/2008-09/482 RPCD.CO.RF.BC.No. 109 /07.38.01/2008-09 May 25, 2009 All State / Central Cooperative Banks (StCB/ CCBs) Dear Sir / Madam, Exposure to Commercial Real Estate It has come to our notice that certain State Cooperative and Central Cooperative Banks have extended finance to the commercial real estate sector. We advise that the primary role of the rural cooperative bank is to lend for activities related to agriculture and rural development. Further, taking ex

RBI/2008-09/477 RPCD.CO.RRB.BC.No.103/03.05.28-A/2008-09 @@NBSP@@May 13, 2009 All Regional Rural Banks Dear Sir, Banking Companies (Nomination) Rules, 1985 – Acknowledgement of Nomination and indicating the Name of the Nominee in Pass Books / Fixed Deposit Receipts It has been brought to our notice that some Regional Rural Banks (RRBs) do not have the system of acknowledging the receipt of the duly completed form of nomination, cancellation and /or variation of the no

RBI/2008-2009/468 RPCD.CO.RRB.BC. No.101 /03.05.90-A /2008-09@@NBSP@@@@NBSP@@@@NBSP@@ May 4, 2009 All Regional Rural Banks Dear Sir, "Controlling Office" renamed as "Regional Office"- RRBs Please refer to paragraph 2 and 2.3 of our Master Circular on Branch Licensing -Regional Rural Banks (RRBs) RPCD. .RRB. No.BL. BC.07/03.05.90-A/2008-09 (RBI/2008-09/36) July 1, 2008. 2. We advise that Government of India have, while considering the various recommendations of the Com

RBI/2008-09/457 RPCD.CO.RF.BC.No. 100 /07.38.03/2008-09 April@@NBSP@@ 24, 2009 All State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) @@NBSP@@ Dear Sir, @@NBSP@@ The Bankers' Books Evidence Act, 1891 - Submission of Certified Copies of Entries / Print out to Courts @@NBSP@@ In a recent case heard at the Court of a Civil Judge in Maharashtra, the Hon'ble Court advised Reserve Bank of India to instruct all banks that whenever they submit an

RBI / 2008-09/441 RPCD.CO.RRB.BC.No.97/03.05.90-A/2008-09 April 21, 2009 All Regional Rural Banks @@NBSP@@ Dear Sir, @@NBSP@@ Need for Bank Branches / ATMs to be made accessible to persons with disabilities @@NBSP@@ We have been receiving several suggestions including from Government of India to make bank branches and ATMs easily accessible to persons with disability by providing ramps so that wheel chair users can access them and the height of the machine is also app

RBI/2008-09/443 RPCD.CO.RRB.BC.No.98@@NBSP@@ /03.05.28 /2008-09@@NBSP@@@@NBSP@@ April 21, 2009 The Chairman All Regional Rural Banks @@NBSP@@ Dear Sir, @@NBSP@@ Security Arrangement in bank branches- Regional Rural Banks @@NBSP@@ Considering the present law and order situation and other subversive activities carried out by antisocial/extremist organizations and the banks being vulnerable targets of such elements, it has become necessary to follow stringent security no

RBI/2008-09/430 RPCD.CO.RF.BC.No.96/07.38.01/2008-09 April 13, 2009 All State / Central Co-operative Banks (StCBs/DCCBs) @@NBSP@@ Dear Sir, @@NBSP@@ Co-operative Banks (Nomination) Rules, 1985 - Acknowledgement of Nomination and indicating the Name of the Nominee in Pass Books / Fixed Deposit Receipts @@NBSP@@ As you may be aware, in terms of Rule 2(9), 3(8) and 4(9) of the Co-operative Banks (Nomination) Rules, 1985, banks are required to acknowledge in writing to th