RBI/2004/70 RPCD.CO.RRB.BC.66/03.05.34/2003-04 February 23,2004The Chairman of all RRBs /Sponsor Banks Dear Sir, Prudential guidelines on investment in non-SLR debt securities Please refer to our circular RPCD.No.RRB.BC.76/03.05.34/1996-97 dated December 13, 1996 regarding avenues of investment of surplus Non-SLR funds of Regional Rural Banks, in terms of which RRBs were permitted to invest their non-SLR surplus funds in certain avenues subject to the terms and condit

RBI/2004/69RPCD.CO.RF.BC.65/07.02.03/2003-04February 23, 2004  The Chairman /CEOs of all State and Central Co-operative Banks Dear Sir, Prudential guidelines on investment in non-SLR debt securities Please refer to our circular RPCD.CO.RF.BC.No.93/07.37.02/2001-02 dated May 6, 2002 regarding investment portfolio of banks. As you are aware, State Co-operative Banks and District Central Co-operative Banks are permitted to invest their genuine non-SLR surplus funds

February 16, 2004 RBI/2004/60RPCD.PLNFS.BC.No. 64 /09.04.01/2003-2004 The Chairman/Managing Director All Indian Scheduled Commercial banks (Except RRBs) Dear Sir, Targets for achievement under the PMRY for the year 2003-2004 - reduction in the target - Himachal Pradesh Please refer to our Circular RPCD.No.BC.3/09.04.01/2003-2004 dated 7th July 2003 on the captioned subject. 2. We advise that Government of India has decided to reduce the targets for the State of Himach

January 29, 2004 RBI/ 2004/30DCM (Plg)No.874/10.36.00/2003-04 The Chairman, State Bank of IndiaManaging Directors, Associate BanksChairmen and Managing Directors of Nationalised BanksChairmen / CEOs of Private Sector Banks / Foreign Banks / Regional Rural Banks / Local Area Banks.Dear SirProvision of note counting machines in the counters.We advise that in terms of the Directive DBOD. No.Dir.BC.43/13.03.00/2001-02 dated 7th November 2001 issued by Reserve Bank of Indi

RPCD RBI/2004/3 @@NBSP@@ RPCD.RRB.No. BC.60 /03.05.33/2003-04 5 January 2004 The Chairmen Regional Rural Banks Dear Sir, Frauds in the area of housing, consumer and retail finance Cases of frauds have been reported to us by banks in the housing, consumer and retail finance portfolios perpetrated by unscrupulous borrowers by submitting fake/forged/stolen documents. The most common modus operandi adopted was availing of credit facilities by submitting forged/fake docume

RBI/2004/18 RPCD.CO.LBS.BC.No. 58 / 02.01.01 /2003-04 January 1, 2004 Pausha 11, Saka 1925 The Chairmen All Lead Banks Dear Sir, Bifurcation of Medinipur district in West Bengal into Purba Medinipur and Paschim Medinipur districts – Assignment of Lead Bank responsibility The Government of West Bengal have, vide their notification dated December 18, 2001, bifurcated the limits of existing district of Medinipur into two separate districts, namely, Purba Medinipur, with

RPCD.CO.No.RF.BC.59/07.28.01/2000-2001 February 27, 2001 All State and Central Co-operative Banks /Regional Rural Banks Dear Sir, Payment of Balance in Account of the Deceased Customers to Legal Survivors / Claimants Please refer to our circular No.RF.BC.09/07.38.01/2000-2001 dated 22 August 2000. 2. In this connection, we clarify that in regard to payment of balances in the accounts of the deceased customers to survivors / claimants the banks may call for succession

RPCD.CO.No.RF.BC.09/07.38.01/2000-2001 August 22, 2000 The Chairman ofAll State and Central Co-operative Banksand Regional Rural banks Dear Sir, Payment of Balance in Accounts of the Deceased Customers to Survivors / Claimants Please refer to our circular RPCD.No.BC.89/07.38.01/94-95 dated 21 December 1994 on the above subject, wherein banks were permitted to fix a limit higher than Rs.25,000/- if they consider it appropriate to settle the claims of survivors / claima

RPCD.NO.PL.BC. 62 /04.09.01/99-2000 February 18, 2000To All Scheduled Commercial Banks (including Regional Rural Banks)Dear SirMICRO CREDIT A Micro Credit Special Cell was set up in RBI to suggest measures for augmenting flow of micro credit. Please refer in this connection to paragraph 64 of our circular No. BC.185/07.01.279/98-99 dated April 20, 1999 and paragraph 51 of our circular No. BC.190/07.01.279/98-99 dated October 29, 1999. This Cell has since submitted its

RPCD.No.RF.BC.71/07.38.01/98-99 February 25, 1999 All State and Central Co-operative Banks Dear Sir, Operation of Bank Accounts by Old/Sick/Incapacitated Customers The question of extending a suitable facility to old/sick/incapacitated bank customers for operation of their bank accounts etc. has been engaging our attention for some time. It has been decided to extend certain facilities to account holders who are sick/old/incapacitated and who are not willing to open a