Notifications - Financial Inclusion and Development - ਆਰਬੀਆਈ - Reserve Bank of India
notifications
ਅਕਤੂ 09, 2007
RRBs - Authorisation to Open/Maintain NRO/NRE Accounts in Rupees and Accept FCNR Deposits
RBI/2007-2008/157RPCD.CO. RRB. No. BC. 29 /03.05.33(C) / 2007-08October 09, 2007All Regional Rural Banks Dear SirAuthorisation to open / maintain NRO / NRE accounts in Rupees and accept FCNR deposits by RRBsPlease refer to our circular RPCD.CO.RRB.No.BC 106/ 03.05.33(C)/2006-07 dated June 28, 2007 prescribing the eligibility criteria for RRBs to open/ maintain customers' NRO/NRE accounts in rupees and accept FCNR deposits. The matter of permitting RRBs which are curre
RBI/2007-2008/157RPCD.CO. RRB. No. BC. 29 /03.05.33(C) / 2007-08October 09, 2007All Regional Rural Banks Dear SirAuthorisation to open / maintain NRO / NRE accounts in Rupees and accept FCNR deposits by RRBsPlease refer to our circular RPCD.CO.RRB.No.BC 106/ 03.05.33(C)/2006-07 dated June 28, 2007 prescribing the eligibility criteria for RRBs to open/ maintain customers' NRO/NRE accounts in rupees and accept FCNR deposits. The matter of permitting RRBs which are curre
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ਅਕਤੂ 09, 2007
Opening of Controlling Offices by amalgamated RRBs
RBI/2007-2008/156 RPCD.CO.RRB.No.BC.28/03.05.90-A/2007-08 October 9, 2007 All Regional Rural Banks Dear Sir, Opening of Controlling Offices by amalgamated RRBs Please refer to paragraph 2.4 of our Master Circular RPCD.CO.RRB. No. BL. BC.09 / 03.05.90-A / 2007-08 dated July 2, 2007. On a review, it has been decided that in partial modification of the instructions contained therein, the Empowered Committee may, taking into account the local conditions and the financials
RBI/2007-2008/156 RPCD.CO.RRB.No.BC.28/03.05.90-A/2007-08 October 9, 2007 All Regional Rural Banks Dear Sir, Opening of Controlling Offices by amalgamated RRBs Please refer to paragraph 2.4 of our Master Circular RPCD.CO.RRB. No. BL. BC.09 / 03.05.90-A / 2007-08 dated July 2, 2007. On a review, it has been decided that in partial modification of the instructions contained therein, the Empowered Committee may, taking into account the local conditions and the financials
ਅਕਤੂ 01, 2007
PMRY - Cut-Off date for disbursement for cases relating to milch animals extended
RBI/2007-2008/150RPCD.PLNFS.BC.No. 26 /09.04.01/ 2007 –2008October 01, 2007The Chairman / Managing DirectorAll Indian Scheduled Commercial Banks(Excluding RRBs)Dear Sir,PMRY - Cut-Off date for completion of disbursement for cases relating to milch animals under the Programme Year 2006 -2007 Please refer to our circular RBI / 2006-07/ 316 / RPCD. PLNFS .BC .No. 68 / 09.04.01/ 2006 – 2007 dated April 10, 2007. In partial modification of the circular, the Ministry of Mic
RBI/2007-2008/150RPCD.PLNFS.BC.No. 26 /09.04.01/ 2007 –2008October 01, 2007The Chairman / Managing DirectorAll Indian Scheduled Commercial Banks(Excluding RRBs)Dear Sir,PMRY - Cut-Off date for completion of disbursement for cases relating to milch animals under the Programme Year 2006 -2007 Please refer to our circular RBI / 2006-07/ 316 / RPCD. PLNFS .BC .No. 68 / 09.04.01/ 2006 – 2007 dated April 10, 2007. In partial modification of the circular, the Ministry of Mic
ਅਕਤੂ 01, 2007
Target under PMRY 2007-08 revised
RBI/2007-2008/151RPCD.PLNFS.BC.No. 27 /09.04.01/ 2007 –2008October 01, 2007 The Chairman / Managing DirectorAll Indian Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Target under PMRY for the programme year 2007-2008 – Revision thereof Please refer to our circular RBI/2006-07/421/ RPCD.PLNFS.BC.No. 100/ 09.04.01/ 2006 –2007 dated May 29, 2007 on the captioned subject. The Ministry of Micro, Small & Medium Enterprises, Government of India has since decided to e
RBI/2007-2008/151RPCD.PLNFS.BC.No. 27 /09.04.01/ 2007 –2008October 01, 2007 The Chairman / Managing DirectorAll Indian Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Target under PMRY for the programme year 2007-2008 – Revision thereof Please refer to our circular RBI/2006-07/421/ RPCD.PLNFS.BC.No. 100/ 09.04.01/ 2006 –2007 dated May 29, 2007 on the captioned subject. The Ministry of Micro, Small & Medium Enterprises, Government of India has since decided to e
ਸਤੰ 21, 2007
RRBs - Master Circular on Branch Licencing modified
RBI/2007-2008/144 RPCD.CO. RRB. No. BC. 25/03.05.90-A /2007-08 September 21, 2007 All Regional Rural Banks Dear Sir, Opening, shifting, merger and conversion of branches of RRBs- Dispensing with Service Area Obligations Please refer to paragraphs 3.1, 3.2, 9 and 10 of our Master Circular RPCD.CO.RRB. No. BL. BC.09 /03.05.90-A/2007-08 dated July 2, 2007. As the restrictive provisions of Service Area Approach have been dispensed with, it has been decided to modify the a
RBI/2007-2008/144 RPCD.CO. RRB. No. BC. 25/03.05.90-A /2007-08 September 21, 2007 All Regional Rural Banks Dear Sir, Opening, shifting, merger and conversion of branches of RRBs- Dispensing with Service Area Obligations Please refer to paragraphs 3.1, 3.2, 9 and 10 of our Master Circular RPCD.CO.RRB. No. BL. BC.09 /03.05.90-A/2007-08 dated July 2, 2007. As the restrictive provisions of Service Area Approach have been dispensed with, it has been decided to modify the a
ਸਤੰ 13, 2007
Conversion of Satellite Offices into full-fledged branch - RRBs
RBI/2007-2008/136 RPCD.CO. RRB. No. BC.24 /03.05.90-A /2007-08 September 13, 2007 All Regional Rural Banks Dear Sir, Conversion of Satellite Offices into full-fledged branch - RRBs Please refer to paragraph 4 of our circular RPCD.CO.RRB.No BL.BC.09 /03.05.90-A/2007-08 dated July 2, 2007 permitting RRBs to convert their existing loss making branches into satellite offices. With a view to providing better customer service in rural areas, it has been decided to allow RRB
RBI/2007-2008/136 RPCD.CO. RRB. No. BC.24 /03.05.90-A /2007-08 September 13, 2007 All Regional Rural Banks Dear Sir, Conversion of Satellite Offices into full-fledged branch - RRBs Please refer to paragraph 4 of our circular RPCD.CO.RRB.No BL.BC.09 /03.05.90-A/2007-08 dated July 2, 2007 permitting RRBs to convert their existing loss making branches into satellite offices. With a view to providing better customer service in rural areas, it has been decided to allow RRB
ਸਤੰ 12, 2007
Assignment of Lead Bank Responsibility in J&K
RBI/2007-08/ 135 RPCD.CO.LBS.BC.No. 23 /02.08.01/2007-08 September 12, 2007 The ChairmanAll Lead Banks (As per list)Dear Sir, Formation of new districts in Jammu & Kashmir State – Assignment of Lead Bank responsibility Please refer to our Circular No. RPCD.CO.LBS.No. 9578/02.08.01/2006-07 dated April 13, 2007, about the assignment of Lead Bank responsibility on temporary basis in eight newly created districts viz. Ganderbal, Bandipur, Shopian, Kulgam, Samba, Reasi
RBI/2007-08/ 135 RPCD.CO.LBS.BC.No. 23 /02.08.01/2007-08 September 12, 2007 The ChairmanAll Lead Banks (As per list)Dear Sir, Formation of new districts in Jammu & Kashmir State – Assignment of Lead Bank responsibility Please refer to our Circular No. RPCD.CO.LBS.No. 9578/02.08.01/2006-07 dated April 13, 2007, about the assignment of Lead Bank responsibility on temporary basis in eight newly created districts viz. Ganderbal, Bandipur, Shopian, Kulgam, Samba, Reasi
ਸਤੰ 04, 2007
Opening of Extension Counters by RRBs
RBI/2007-2008/131RPCD.CO. RRB. No. BC.22 /03.05.90-A /2007-08September 4, 2007All Regional Rural Banks Dear Sir,Opening of Extension Counters by RRBsPlease refer to paragraph 5 of our circular RPCD.CO.RRB. No. BL. BC.09 /03.05.90-A/2007-08 dated July 2, 2007 on the captioned subject. With a view to providing further liberalisation in the matter, it has been decided to allow RRBs to set up Extension Counters at places of worship and market places. The condition of bein
RBI/2007-2008/131RPCD.CO. RRB. No. BC.22 /03.05.90-A /2007-08September 4, 2007All Regional Rural Banks Dear Sir,Opening of Extension Counters by RRBsPlease refer to paragraph 5 of our circular RPCD.CO.RRB. No. BL. BC.09 /03.05.90-A/2007-08 dated July 2, 2007 on the captioned subject. With a view to providing further liberalisation in the matter, it has been decided to allow RRBs to set up Extension Counters at places of worship and market places. The condition of bein
ਸਤੰ 03, 2007
Reporting Format for Priority Sector Lending Revised
RBI/2007-2008/129 RPCD.No.Plan.BC. 21 / 04.09.01/ 2007-08 September 3, 2007The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)]Dear Sir,Revised Guidelines on Lending to Priority Sector – Revised formats of half-yearly and yearly returns for reporting data on priority sector advancesPlease refer to our circular RPCD. No. Plan. CO. 84/04.09.01/2006-07 dated April 30, 2007 advising the revised guidelin
RBI/2007-2008/129 RPCD.No.Plan.BC. 21 / 04.09.01/ 2007-08 September 3, 2007The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)]Dear Sir,Revised Guidelines on Lending to Priority Sector – Revised formats of half-yearly and yearly returns for reporting data on priority sector advancesPlease refer to our circular RPCD. No. Plan. CO. 84/04.09.01/2006-07 dated April 30, 2007 advising the revised guidelin
ਅਗ 22, 2007
Guidelines on Lending to Priority Sector - Revised
RBI/2007-2008/121 RPCD.@@NBSP@@ No. RRB.BC. 20 /03.05.33/2007-08 August 22, 2007 The Chairman All Regional Rural Banks Dear Sir, Guidelines on Lending to Priority Sector – Revised As announced in the Reserve Bank's Annual Policy Statement for the year 2005-06, the prescriptions relating to priority sector lending have been modified and several new areas included from time to time. There is a view that enlargement of areas has resulted in loss of focus. There have also
RBI/2007-2008/121 RPCD.@@NBSP@@ No. RRB.BC. 20 /03.05.33/2007-08 August 22, 2007 The Chairman All Regional Rural Banks Dear Sir, Guidelines on Lending to Priority Sector – Revised As announced in the Reserve Bank's Annual Policy Statement for the year 2005-06, the prescriptions relating to priority sector lending have been modified and several new areas included from time to time. There is a view that enlargement of areas has resulted in loss of focus. There have also
ਅਗ 13, 2007
Priority Sector Advances- Loans for Housing Purposes
RBI/2007-2008/114 RPCD.CO.No RRB.BC.19 /03.05.33/2007-08 August 13, 2007 To All Regional Rural Banks Dear Sir, Priority Sector Advances- Loans for Housing Purposes Please refer to our circular RPCD.PLNFS.BC.No.92/06.11.01/ 2002-03 dated April 29, 2003 in terms of which RRBs, with the approval of their Boards, were permitted to extend direct finance to the housing sector up to Rs.10 lakh in rural and semi-urban areas as part of priority sector lending. In order to brin
RBI/2007-2008/114 RPCD.CO.No RRB.BC.19 /03.05.33/2007-08 August 13, 2007 To All Regional Rural Banks Dear Sir, Priority Sector Advances- Loans for Housing Purposes Please refer to our circular RPCD.PLNFS.BC.No.92/06.11.01/ 2002-03 dated April 29, 2003 in terms of which RRBs, with the approval of their Boards, were permitted to extend direct finance to the housing sector up to Rs.10 lakh in rural and semi-urban areas as part of priority sector lending. In order to brin
ਅਗ 09, 2007
Monitoring Bank Advances To Priority Sectors - Special Returns I, II and III
RBI/2007-2008/113 RPCD. Stat.BC.No.18/11.01.04/2007-08 August @@NBSP@@09,@@NBSP@@ 2007 To The Chairman/Managing Director All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Monitoring bank advances to priority sectors Special Returns I – Direct Finance to Agriculture and Allied activities (Outstanding as well as disbursement) as on the last reporting Friday of June(Annual) Special Return II – Recovery of agricultural advances as on the last repor
RBI/2007-2008/113 RPCD. Stat.BC.No.18/11.01.04/2007-08 August @@NBSP@@09,@@NBSP@@ 2007 To The Chairman/Managing Director All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Monitoring bank advances to priority sectors Special Returns I – Direct Finance to Agriculture and Allied activities (Outstanding as well as disbursement) as on the last reporting Friday of June(Annual) Special Return II – Recovery of agricultural advances as on the last repor
ਅਗ 01, 2007
Section 42 (1) of Reserve Bank of India Act, 1934 - Maintenance of Cash Reserve Ratio (CRR)- Regional Rural Banks (RRBs)
RBI/2007-08/109 RPCD.CO.RRB.BC.17/ 03.05.28(B)/2007-08 August 1, 2007 To All Regional Rural Banks Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of Cash Reserve Ratio (CRR)- Regional Rural Banks (RRBs) Please refer to our circular RPCD.CO.BC.72/03.05.28(B) /2006-2007 (RBI/2006-07/341) dated April 24, 2007 on the captioned subject. On a review of the current liquidity situation, it has been decided to increase Cash Reserve Ratio (CRR) of all
RBI/2007-08/109 RPCD.CO.RRB.BC.17/ 03.05.28(B)/2007-08 August 1, 2007 To All Regional Rural Banks Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of Cash Reserve Ratio (CRR)- Regional Rural Banks (RRBs) Please refer to our circular RPCD.CO.BC.72/03.05.28(B) /2006-2007 (RBI/2006-07/341) dated April 24, 2007 on the captioned subject. On a review of the current liquidity situation, it has been decided to increase Cash Reserve Ratio (CRR) of all
ਅਗ 01, 2007
Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)
RBI/2007-2008/108RPCD.CO.RF.BC.No.15/07.02.01/2007-08August 1, 2007ToAll Scheduled State Co-operative Banks Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)Please refer to our Circular RBI/2006-2007/339 RPCD.CO.RF.BC.No.75/ 07.02.01/2006-07 dated April@@NBSP@@24, 2007 on the captioned subject. On a review of the current liquidity situation, it has been decided to increase cash reserve ratio (CRR) of Scheduled State Co-o
RBI/2007-2008/108RPCD.CO.RF.BC.No.15/07.02.01/2007-08August 1, 2007ToAll Scheduled State Co-operative Banks Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)Please refer to our Circular RBI/2006-2007/339 RPCD.CO.RF.BC.No.75/ 07.02.01/2006-07 dated April@@NBSP@@24, 2007 on the captioned subject. On a review of the current liquidity situation, it has been decided to increase cash reserve ratio (CRR) of Scheduled State Co-o
ਜੁਲਾ 16, 2007
Credit Flow to Minority Communities - Additional Districts
RBI/2007-2008/98RPCD.SP.BC.No.13/ 09.10.01 / 2007-08July 16, 2007The Chairman/ Managing DirectorsAll Scheduled Commercial BanksDear Sir,List of additional 18 Minority Concentrated Districts which are not included in the list of 103 Districts with substantial minority population circulated earlier. Please refer to Annex II of our Master Circular ref. RPCD.SP.BC. 12 / 09.10.01/2007-08 dated July 5, 2007 wherein we have enclosed a List of 103 Minority Concentrated Distri
RBI/2007-2008/98RPCD.SP.BC.No.13/ 09.10.01 / 2007-08July 16, 2007The Chairman/ Managing DirectorsAll Scheduled Commercial BanksDear Sir,List of additional 18 Minority Concentrated Districts which are not included in the list of 103 Districts with substantial minority population circulated earlier. Please refer to Annex II of our Master Circular ref. RPCD.SP.BC. 12 / 09.10.01/2007-08 dated July 5, 2007 wherein we have enclosed a List of 103 Minority Concentrated Distri
ਜੂਨ 28, 2007
Authorisation to open/maintain NRO/NRE Accounts in rupees and to accept FCNR deposits
RBI/2006-2007/445RPCD.CO.RRB.No.BC..106 /03.05.33(C)/2006-07June 28, 2007All Regional Rural Banks Dear Sir, Authorisation to open/maintain NRO/NRE Accounts in rupees and to accept FCNR deposits Please refer to our circular RPCD.RRB.No.BC.89/03.05.33(C)/99-2000 dated April 28, 2000 on authorisation to RRBs to open and maintain non-resident accounts in rupees.2. As announced in the Union Budget for 2007-08, it has been decided to permit RRBs to accept FCNR (B) deposits.
RBI/2006-2007/445RPCD.CO.RRB.No.BC..106 /03.05.33(C)/2006-07June 28, 2007All Regional Rural Banks Dear Sir, Authorisation to open/maintain NRO/NRE Accounts in rupees and to accept FCNR deposits Please refer to our circular RPCD.RRB.No.BC.89/03.05.33(C)/99-2000 dated April 28, 2000 on authorisation to RRBs to open and maintain non-resident accounts in rupees.2. As announced in the Union Budget for 2007-08, it has been decided to permit RRBs to accept FCNR (B) deposits.
ਜੂਨ 22, 2007
RRBs - Branch Licensing - Revised Instructions
RBI/2006-2007/443 RPCD.CO. RRB. No. BC. 105@@NBSP@@ /03.05.90-A /2006-07 June 22, 2007 All Regional Rural Banks Dear Sir, Section 23 of Banking Regulation Act, 1949-Master Circular on Branch Licensing - RRBs Please refer to our circular RPCD.CO.RRB.No BL.BC. 11 / 03. 05.90-A /2006-07 dated July 11, 2006 on on the captioned subject. 2. With a view to providing further liberalisation, it has been decided that RRBs may be allowed to set up Service Branches / Central Proc
RBI/2006-2007/443 RPCD.CO. RRB. No. BC. 105@@NBSP@@ /03.05.90-A /2006-07 June 22, 2007 All Regional Rural Banks Dear Sir, Section 23 of Banking Regulation Act, 1949-Master Circular on Branch Licensing - RRBs Please refer to our circular RPCD.CO.RRB.No BL.BC. 11 / 03. 05.90-A /2006-07 dated July 11, 2006 on on the captioned subject. 2. With a view to providing further liberalisation, it has been decided that RRBs may be allowed to set up Service Branches / Central Proc
ਜੂਨ 20, 2007
Microfinance - Submission of progress reports
RBI/2006-2007/441 RPCD.CO.MFFI.BC.No. 103 /12.01.01/2006-07 June 20, 2007 The Chairman/Managing Director Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Microfinance - Submission of progress reports In terms of our circular RPCD.No.PL.62/04.09.01/99-2000 dated February 18, 2000 and paragraph 2(i) of Master Circular on Micro Credit RPCD.No.Plan. BC.05/04.09.22/2006-07 dated July 3, 2006, banks have been submitting progress reports unde
RBI/2006-2007/441 RPCD.CO.MFFI.BC.No. 103 /12.01.01/2006-07 June 20, 2007 The Chairman/Managing Director Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Microfinance - Submission of progress reports In terms of our circular RPCD.No.PL.62/04.09.01/99-2000 dated February 18, 2000 and paragraph 2(i) of Master Circular on Micro Credit RPCD.No.Plan. BC.05/04.09.22/2006-07 dated July 3, 2006, banks have been submitting progress reports unde
ਜੂਨ 19, 2007
RRBs - Participation in consortium lending
RBI/2006-2007/440RPCD.CO No.RRB.BC.104/03.05.34/2006-07June 19, 2007 The ChairmenAll Regional Rural Banks Dear Sir,RRBs - Participation in consortium lendingWith a view to providing more business avenues and opportunities to RRBs for lending, it has been decided to permit them to participate in consortium lending, within the extant exposure limits, with their sponsor banks as also with other public sector banks and developmental financial institutions (DFIs), subject
RBI/2006-2007/440RPCD.CO No.RRB.BC.104/03.05.34/2006-07June 19, 2007 The ChairmenAll Regional Rural Banks Dear Sir,RRBs - Participation in consortium lendingWith a view to providing more business avenues and opportunities to RRBs for lending, it has been decided to permit them to participate in consortium lending, within the extant exposure limits, with their sponsor banks as also with other public sector banks and developmental financial institutions (DFIs), subject
ਜੂਨ 15, 2007
RRBs - Branch Licensing - Revised Instructions
RBI/2006-2007/438RPCD.CO.RRB.No.BC.102/03.05.90-A/2006-07June 15, 2007All Regional Rural Banks Dear Sir, Section 23 of the Banking Regulation Act, 1949 – Master Circular on Branch Licensing - Regional Rural Banks (RRBs)Please refer to our circular RPCD.CO.RRB.No.BL.BC/11/03.05.90-A/2006-07 dated July 11, 2006 on the above subject.2. With a view to encouraging RRBs to open branches in hitherto uncovered districts, it has been decided that the compliance with conditions
RBI/2006-2007/438RPCD.CO.RRB.No.BC.102/03.05.90-A/2006-07June 15, 2007All Regional Rural Banks Dear Sir, Section 23 of the Banking Regulation Act, 1949 – Master Circular on Branch Licensing - Regional Rural Banks (RRBs)Please refer to our circular RPCD.CO.RRB.No.BL.BC/11/03.05.90-A/2006-07 dated July 11, 2006 on the above subject.2. With a view to encouraging RRBs to open branches in hitherto uncovered districts, it has been decided that the compliance with conditions
ਜੂਨ 13, 2007
Revision of Differential Rate of Interest Scheme.
RBI/2006-2007/436RPCD. SP. BC. No 101 / 09. 07. 01/ 2006-07June13, 2007The Chairman / Managing DirectorsIndian Scheduled Commercial Banks (Excluding RRBs)Dear Sir,Revision of Differential Rate of Interest Scheme.As you are aware, Government of India had formulated in March, 1972 a scheme for extending financial assistance at concessional rate of interest @ 4% to selected low income groups for productive endeavours initially by public sector banks and then by private s
RBI/2006-2007/436RPCD. SP. BC. No 101 / 09. 07. 01/ 2006-07June13, 2007The Chairman / Managing DirectorsIndian Scheduled Commercial Banks (Excluding RRBs)Dear Sir,Revision of Differential Rate of Interest Scheme.As you are aware, Government of India had formulated in March, 1972 a scheme for extending financial assistance at concessional rate of interest @ 4% to selected low income groups for productive endeavours initially by public sector banks and then by private s
ਮਈ 29, 2007
PMRY Guidelines Revised
RBI/2006-2007/421RPCD.PLNFS.BC.No.100/ 09.04.01/2006–2007May 29, 2007 The Chairman / Managing DirectorAll Indian Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Target under the Prime Minister Rozgar Yojana (PMRY) for the year 2007-2008 We advise that Government of India have allocated a target of 3,75,690 to States/UTs as per `Annexure A', under PMRY for the year 2007 – 2008. 2. The targets have been worked out on the basis of the final performance report for the
RBI/2006-2007/421RPCD.PLNFS.BC.No.100/ 09.04.01/2006–2007May 29, 2007 The Chairman / Managing DirectorAll Indian Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Target under the Prime Minister Rozgar Yojana (PMRY) for the year 2007-2008 We advise that Government of India have allocated a target of 3,75,690 to States/UTs as per `Annexure A', under PMRY for the year 2007 – 2008. 2. The targets have been worked out on the basis of the final performance report for the
ਮਈ 21, 2007
RRBs - Wire Transfers
RBI/2006-2007/407 RPCD.CO.RRB.AML.BC. No.98 /03.05.28-A/2006-07May 21, 2007The ChairmenAll Regional Rural BanksDear Sir,Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) – Wire Transfers- Regional Rural Banks (RRBs) Banks use wire transfers as an expeditious method for transferring funds between bank accounts. Wire transfers include transactions occurring within the national boundaries of a country or fr
RBI/2006-2007/407 RPCD.CO.RRB.AML.BC. No.98 /03.05.28-A/2006-07May 21, 2007The ChairmenAll Regional Rural BanksDear Sir,Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) – Wire Transfers- Regional Rural Banks (RRBs) Banks use wire transfers as an expeditious method for transferring funds between bank accounts. Wire transfers include transactions occurring within the national boundaries of a country or fr
ਮਈ 21, 2007
RRBs - IT enabled Financial Inclusion
RBI/2006-2007/406RPCD. CO. RRB. BC. No.97 /03.05.33(F)/2006-07May 21, 2007The ChairmenAll Regional Rural BanksDear Sir,Annual Policy Statement for the year 2007- 08 –IT-enabled Financial InclusionPlease refer to the paragraph 163 of the Annual Policy Statement for the year 2007-08, a copy of which is enclosed.2. As per our Circular RPCD.CO.No.RRB.BC.58/03.05.33(F)/2005-06 dated December 27, 2005 the RRBs have made available a basic banking 'no-frills' account so as to
RBI/2006-2007/406RPCD. CO. RRB. BC. No.97 /03.05.33(F)/2006-07May 21, 2007The ChairmenAll Regional Rural BanksDear Sir,Annual Policy Statement for the year 2007- 08 –IT-enabled Financial InclusionPlease refer to the paragraph 163 of the Annual Policy Statement for the year 2007-08, a copy of which is enclosed.2. As per our Circular RPCD.CO.No.RRB.BC.58/03.05.33(F)/2005-06 dated December 27, 2005 the RRBs have made available a basic banking 'no-frills' account so as to
ਮਈ 18, 2007
StCBs/DCCBs - Safe Deposit Locker/Safe Custody Article Facility and Access to Safe Deposit Lockers/Return of Safe Custody Articles
RBI/2006-2007/400 RPCD.CO.RF.BC No. 95/07.38.01/2006-07 May 18, 2007All State and Central Co-operative Banks Dear Sir,Extension of Safe Deposit Locker / Safe Custody Article Facility and Access to Safe Deposit Lockers / Return of Safe Custody Articles by banks. The Committee on Procedures and Performance Audit on Public Services (CPPAPS) had made some recommendations for easy operation of lockers. We have reviewed all the guidelines issued by us on various issues rela
RBI/2006-2007/400 RPCD.CO.RF.BC No. 95/07.38.01/2006-07 May 18, 2007All State and Central Co-operative Banks Dear Sir,Extension of Safe Deposit Locker / Safe Custody Article Facility and Access to Safe Deposit Lockers / Return of Safe Custody Articles by banks. The Committee on Procedures and Performance Audit on Public Services (CPPAPS) had made some recommendations for easy operation of lockers. We have reviewed all the guidelines issued by us on various issues rela
ਮਈ 18, 2007
STCBs/DCCBs - Wire Transfers
RBI/2006-2007/399 RPCD.CO.RF.AML.BC. No.96/07.40.00/2006-07May 18, 2007The Chief Executives,All State and District Central Co-operative BanksDear Sir,Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) – Wire Transfers Banks use wire transfers as an expeditious method for transferring funds between bank accounts. Wire transfers include transactions occurring within the national boundaries of a country or f
RBI/2006-2007/399 RPCD.CO.RF.AML.BC. No.96/07.40.00/2006-07May 18, 2007The Chief Executives,All State and District Central Co-operative BanksDear Sir,Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) – Wire Transfers Banks use wire transfers as an expeditious method for transferring funds between bank accounts. Wire transfers include transactions occurring within the national boundaries of a country or f
ਮਈ 18, 2007
StCBs/DCCBs - IT-enabled Financial Inclusion
RBI/2006-2007/398RPCD.CO.RF.BC.No.94/07.38.01/2006-07May 18, 2007@@NBSP@@The Chairman / Chief Executive Officer/Managing DirectorAll State Co-operative Banks (StCBs) andDistrict Central Co-operative Banks (DCCBs)Dear Sir,Annual Policy Statement for the year 2007- 08 –IT-enabled Financial Inclusion Please refer to the paragraph 163 of the Annual Policy Statement for the year 2007-08, a copy of which is enclosed. 2. As per our Circular RPCD.RF.BC.54/07.38.01/2005-06 dat
RBI/2006-2007/398RPCD.CO.RF.BC.No.94/07.38.01/2006-07May 18, 2007@@NBSP@@The Chairman / Chief Executive Officer/Managing DirectorAll State Co-operative Banks (StCBs) andDistrict Central Co-operative Banks (DCCBs)Dear Sir,Annual Policy Statement for the year 2007- 08 –IT-enabled Financial Inclusion Please refer to the paragraph 163 of the Annual Policy Statement for the year 2007-08, a copy of which is enclosed. 2. As per our Circular RPCD.RF.BC.54/07.38.01/2005-06 dat
ਮਈ 18, 2007
Revised Guidelines On Lending To Priority Sector - Weaker Sections
RBI/2006-2007/405 RPCD. No. Plan. BC. 10856 /04.09.01/ 2006-07May 18, 2007The Chairman/ Managing Director/ Chief Executive Officer[All scheduled commercial banks(excluding Regional Rural Banks)]Dear Sir,Revised Guidelines On Lending To Priority Sector – Weaker SectionsKindly refer to Section I, paragraph 8 of our circular RPCD. No. Plan. BC. 84 /04.09.01/2006-07 dated April 30, 2007 on revised guidelines on lending to priority sector. In partial modification thereof,
RBI/2006-2007/405 RPCD. No. Plan. BC. 10856 /04.09.01/ 2006-07May 18, 2007The Chairman/ Managing Director/ Chief Executive Officer[All scheduled commercial banks(excluding Regional Rural Banks)]Dear Sir,Revised Guidelines On Lending To Priority Sector – Weaker SectionsKindly refer to Section I, paragraph 8 of our circular RPCD. No. Plan. BC. 84 /04.09.01/2006-07 dated April 30, 2007 on revised guidelines on lending to priority sector. In partial modification thereof,
ਮਈ 16, 2007
StCBs/DCCBs - Complaints about Excessive Interest Charged by Banks
RBI/2006-2007/395RPCD.CO.RF.BC.No.93/07.38.01/2006-07May 16, 2007@@NBSP@@The Chairman / Chief Executive Officer/Managing Director,All State Co-operative Banks (StCBs) andDistrict Central Co-operative Banks (DCCBs)Dear Sir,Annual Policy Statement for the year 2007- 08 –Complaints about excessive interest charged by banks Please refer to the paragraph 168 of the Annual Policy Statement for the year 2007-08 (a copy of the extract enclosed).2. The Reserve Bank of India ha
RBI/2006-2007/395RPCD.CO.RF.BC.No.93/07.38.01/2006-07May 16, 2007@@NBSP@@The Chairman / Chief Executive Officer/Managing Director,All State Co-operative Banks (StCBs) andDistrict Central Co-operative Banks (DCCBs)Dear Sir,Annual Policy Statement for the year 2007- 08 –Complaints about excessive interest charged by banks Please refer to the paragraph 168 of the Annual Policy Statement for the year 2007-08 (a copy of the extract enclosed).2. The Reserve Bank of India ha
ਮਈ 15, 2007
Complaints about excessive interest charged by banks - (RRBs)
RBI/2006-2007/394RPCD.CO. RRB. BC. No. 92/03.05.28-B /2006-07May 15, 2007All Regional Rural BanksDear SirComplaints about excessive interest charged by banks- Regional Rural Banks (RRBs)Please refer to paragraph 168 of the Annual Policy Statement for the year 2007-08 (copy enclosed).2. The Reserve Bank and Banking Ombudsmans' offices have been receiving several complaints regarding levying of excessive interest and charges on certain loans and advances. In this connec
RBI/2006-2007/394RPCD.CO. RRB. BC. No. 92/03.05.28-B /2006-07May 15, 2007All Regional Rural BanksDear SirComplaints about excessive interest charged by banks- Regional Rural Banks (RRBs)Please refer to paragraph 168 of the Annual Policy Statement for the year 2007-08 (copy enclosed).2. The Reserve Bank and Banking Ombudsmans' offices have been receiving several complaints regarding levying of excessive interest and charges on certain loans and advances. In this connec
ਮਈ 14, 2007
RBI asks RRBs not to deal with 918 defaulted companies following Patna High Court Order
RBI/2006-2007/393RPCD. CO. RRB. BC. No. 91 / 03.05. 33/2006-07May 14, 2007 The ChairmenAll Regional Rural BanksDear SirIn the High Court of Judicature at Patna – CWJC No.13422 of 2006 – Council for the Protection of Public Rights and Welfare vs. Union of India and Others – Regarding We advise that the Hon'ble Patna High Court vide its order dated April 10, 2007 in the captioned matter has directed the Reserve Bank of India to direct all the banks that the companies li
RBI/2006-2007/393RPCD. CO. RRB. BC. No. 91 / 03.05. 33/2006-07May 14, 2007 The ChairmenAll Regional Rural BanksDear SirIn the High Court of Judicature at Patna – CWJC No.13422 of 2006 – Council for the Protection of Public Rights and Welfare vs. Union of India and Others – Regarding We advise that the Hon'ble Patna High Court vide its order dated April 10, 2007 in the captioned matter has directed the Reserve Bank of India to direct all the banks that the companies li
ਮਈ 10, 2007
Interest Subvention Scheme for Short Term Crop Loans extended
RBI/2006-2007/391RPCD.No.PLFS.BC. 90/05.04.02/2006-07May 10, 2007The Chairman/Managing DirectorAll Public Sector Banks Dear Sir,Union Budget – 2007-08 – Proposal for continuation of 2 per cent interest subvention scheme for short-term crop loans in 2007-08 As you are aware, the Hon’ble Finance Minister, in his Budget Speech (paragraph 46) for 2007-08 had announced as follows:" The two percent interest subvention scheme for short-term crop loans will continue in 2
RBI/2006-2007/391RPCD.No.PLFS.BC. 90/05.04.02/2006-07May 10, 2007The Chairman/Managing DirectorAll Public Sector Banks Dear Sir,Union Budget – 2007-08 – Proposal for continuation of 2 per cent interest subvention scheme for short-term crop loans in 2007-08 As you are aware, the Hon’ble Finance Minister, in his Budget Speech (paragraph 46) for 2007-08 had announced as follows:" The two percent interest subvention scheme for short-term crop loans will continue in 2
ਮਈ 10, 2007
RRBs - Refusal to accept Small denomination Notes/Coins
RBI/2006-2007/390RPCD.CO. RRB.BC.No. 89 /03.05.28-B /2006-07May 10, 2007The ChairmenAll Regional Rural BanksDear SirAcceptance of Small Denomination Notes and CoinsA case involving refusal by a bank to accept demand draft involving fraction of a rupee came up before the Honourable High Court of Gujarat, Ahmedabad. The High Court of Gujarat, taking a serious view of the matter, has directed that appropriate steps may be taken in the matter as also regarding non-accepta
RBI/2006-2007/390RPCD.CO. RRB.BC.No. 89 /03.05.28-B /2006-07May 10, 2007The ChairmenAll Regional Rural BanksDear SirAcceptance of Small Denomination Notes and CoinsA case involving refusal by a bank to accept demand draft involving fraction of a rupee came up before the Honourable High Court of Gujarat, Ahmedabad. The High Court of Gujarat, taking a serious view of the matter, has directed that appropriate steps may be taken in the matter as also regarding non-accepta
ਮਈ 08, 2007
Valuation of Investment in SLR/Approved Securites by RRBs
RBI/2006-2007/383RPCD.RRB.BC.No.87/03.05.34/2006-07May 8, 2007The ChairmenAll Regional Rural Banks/Sponsor BanksDear Sir, Valuation of investment in SLR/Approved Securities byRegional Rural Banks (RRBs)Please refer to our circular RPCD.RRB.BC.No.71/03.05.34/2005-06 dated March 31, 2006 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 2006-07 from 'mark to market' norms in respect o
RBI/2006-2007/383RPCD.RRB.BC.No.87/03.05.34/2006-07May 8, 2007The ChairmenAll Regional Rural Banks/Sponsor BanksDear Sir, Valuation of investment in SLR/Approved Securities byRegional Rural Banks (RRBs)Please refer to our circular RPCD.RRB.BC.No.71/03.05.34/2005-06 dated March 31, 2006 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 2006-07 from 'mark to market' norms in respect o
ਮਈ 03, 2007
Entry of RRBs into insurance agency business
RBI/2006-2007/371 RPCD.CO RRB.BC.No.86/03.05.33(G)/2006-07 May 3, 2007 Chairmen, All Regional Rural Banks Dear Sir, Entry of@@NBSP@@ Regional Rural Banks (RRBs) into insurance agency business It has been proposed in the Bank's Annual Policy Statement for the year 2007-08 (paragraph 153), announced on April 24, 2007, that as a measure of providing further business opportunities, RRBs would be allowed to take up corporate agency business, without risk participation, for
RBI/2006-2007/371 RPCD.CO RRB.BC.No.86/03.05.33(G)/2006-07 May 3, 2007 Chairmen, All Regional Rural Banks Dear Sir, Entry of@@NBSP@@ Regional Rural Banks (RRBs) into insurance agency business It has been proposed in the Bank's Annual Policy Statement for the year 2007-08 (paragraph 153), announced on April 24, 2007, that as a measure of providing further business opportunities, RRBs would be allowed to take up corporate agency business, without risk participation, for
ਅਪ੍ਰੈ 30, 2007
Procedures/Processes for Agricultural Loans Simplified
RBI/2006-2007/363 RPCD.PLFS. BC. No.85 /05.04.02/ 2006-07 April 30,@@NBSP@@ 2007 The Chairman /Managing Director/ Chief Executive Officer All Scheduled Commercial Banks@@NBSP@@(including RRBs) Dear Sir, Simplification of the Procedures and Processes for Obtaining Agricultural Loans @@NBSP@@Please refer to paragraph 150 of the Annual Policy Statement for the year 2007-08 (copy enclosed). 2. At present, one of the hurdles faced by the farmers approaching for bank loans
RBI/2006-2007/363 RPCD.PLFS. BC. No.85 /05.04.02/ 2006-07 April 30,@@NBSP@@ 2007 The Chairman /Managing Director/ Chief Executive Officer All Scheduled Commercial Banks@@NBSP@@(including RRBs) Dear Sir, Simplification of the Procedures and Processes for Obtaining Agricultural Loans @@NBSP@@Please refer to paragraph 150 of the Annual Policy Statement for the year 2007-08 (copy enclosed). 2. At present, one of the hurdles faced by the farmers approaching for bank loans
ਅਪ੍ਰੈ 30, 2007
Guidelines On Lending To Priority Sector - Revised
RBI/2006-2007/358 RPCD. No. Plan. BC. 84 /04.09.01/ 2006-07 April 30, 2007The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)]Dear Sir,GUIDELINES ON LENDING TO PRIORITY SECTOR – Revised As announced in the Reserve Bank's Annual Policy Statement for the year 2005-06, the prescriptions relating to priority sector lending have been modified and several new areas included from time to time. There is a v
RBI/2006-2007/358 RPCD. No. Plan. BC. 84 /04.09.01/ 2006-07 April 30, 2007The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)]Dear Sir,GUIDELINES ON LENDING TO PRIORITY SECTOR – Revised As announced in the Reserve Bank's Annual Policy Statement for the year 2005-06, the prescriptions relating to priority sector lending have been modified and several new areas included from time to time. There is a v
ਅਪ੍ਰੈ 27, 2007
Monitoring of Credit Flow to Minority Communities
RBI/2006-2007/356RPCD.SP.BC.No. 83/09.10.01/2006-07April 27, 2007The Chairman/Managing DirectorsAll Indian Scheduled Commercial BanksDear Sir,List of 103 Minority Concentrated Districts having at least 25%minority population, excluding those States /UTs whereminorities are in majority (J&K, Punjab, Meghalaya, Mizoram,Nagaland & Lakshdweep)As you are aware, Government of India, Ministry of Welfare has notified the following as minority communities :- i) Sikhsii
RBI/2006-2007/356RPCD.SP.BC.No. 83/09.10.01/2006-07April 27, 2007The Chairman/Managing DirectorsAll Indian Scheduled Commercial BanksDear Sir,List of 103 Minority Concentrated Districts having at least 25%minority population, excluding those States /UTs whereminorities are in majority (J&K, Punjab, Meghalaya, Mizoram,Nagaland & Lakshdweep)As you are aware, Government of India, Ministry of Welfare has notified the following as minority communities :- i) Sikhsii
ਅਪ੍ਰੈ 26, 2007
Interest Rate on Non-Resident (External) Rupee (NRE) Deposits
RBI/2006-2007/351 RPCD.CO.RF.BC.No.79/07.38.01/2006-07April 26, 2007 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.44/07.38.01/2006-07 dated February 6, 2007 on Interest Rate on NRE Rupee Deposits. In the Annual Policy Statement for the year 2007-08, announced on April 24, 2007 (extract of paragraphs 114, 115 and 1
RBI/2006-2007/351 RPCD.CO.RF.BC.No.79/07.38.01/2006-07April 26, 2007 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.44/07.38.01/2006-07 dated February 6, 2007 on Interest Rate on NRE Rupee Deposits. In the Annual Policy Statement for the year 2007-08, announced on April 24, 2007 (extract of paragraphs 114, 115 and 1
ਅਪ੍ਰੈ 26, 2007
Interest Rate on FCNR(B) Deposits
RBI/2006-2007/352 RPCD.CO.RF.BC.No.81/ 07.38.01/2006-07 April 26, 2007 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.46 / 07.38.01 / 2006-07 February 6, 2007on Interest Rate on FCNR(B) Deposits. In the Annual Policy Statement for the year 2007-08, announced on April 24, 2007 (extract of paragraphs 114,115 and 116 encl
RBI/2006-2007/352 RPCD.CO.RF.BC.No.81/ 07.38.01/2006-07 April 26, 2007 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.46 / 07.38.01 / 2006-07 February 6, 2007on Interest Rate on FCNR(B) Deposits. In the Annual Policy Statement for the year 2007-08, announced on April 24, 2007 (extract of paragraphs 114,115 and 116 encl
ਅਪ੍ਰੈ 24, 2007
Maintenance of CRR on Exempted Categories RRBs
RBI/2006-2007/341RPCD.RRB.CO.BC.No.72/03.05.28(B)/2006-07April 24, 2007All Regional Rural BanksDear Sir,Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories Please refer to our Circular RPCD.CO.RRB.BC.No.52/03.05.28(B)/2006-07 dated March 2, 2007 on the captioned subject. Consequent upon the notification of Section 3 of the Reserve Bank of India (Amendment) Act, 2006 as coming into force with effect from April 01,2007, the statutory minimum CRR requirement o
RBI/2006-2007/341RPCD.RRB.CO.BC.No.72/03.05.28(B)/2006-07April 24, 2007All Regional Rural BanksDear Sir,Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories Please refer to our Circular RPCD.CO.RRB.BC.No.52/03.05.28(B)/2006-07 dated March 2, 2007 on the captioned subject. Consequent upon the notification of Section 3 of the Reserve Bank of India (Amendment) Act, 2006 as coming into force with effect from April 01,2007, the statutory minimum CRR requirement o
ਅਪ੍ਰੈ 24, 2007
Maintenance of CRR - RRBs
RBI/2006-2007/342RPCD.RRB.CO.BC.No.73/03.05.28(B)/2006-07April 24, 2007All Regional Rural Banks Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934 –Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circulars RPCD.RRB.CO.BC.No.51/03.05.28(B)/2006-07 dated March 02, 2007 and RPCD.RRB.CO.BC.No.66/03.05.28(B)/2006-07 dated April 04, 2007 on the captioned subject. Government of India in their Extraordinary Gazette notification No.S.O.337(E) dated March 9,
RBI/2006-2007/342RPCD.RRB.CO.BC.No.73/03.05.28(B)/2006-07April 24, 2007All Regional Rural Banks Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934 –Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circulars RPCD.RRB.CO.BC.No.51/03.05.28(B)/2006-07 dated March 02, 2007 and RPCD.RRB.CO.BC.No.66/03.05.28(B)/2006-07 dated April 04, 2007 on the captioned subject. Government of India in their Extraordinary Gazette notification No.S.O.337(E) dated March 9,
ਅਪ੍ਰੈ 24, 2007
Maintenance of Cash Reserve Ratio (CRR) - StCBs
RBI/2006-2007/339RPCD.CO.RF.BC.No.75/07.02.01/2006-07April@@NBSP@@24, 2007All Scheduled State Co-operative Banks Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)Please refer to our Circulars RBI/2006-2007/276 RPCD.RF.BC.54/07.02.01/ 2006-07 dated March 02, 2007 and RBI/2006-07/307 RPCD.CO.RF.BC.No.64/ 07.02.01/2006-07 dated April 04, 2007 on the captioned subject. Government of India in their Extraordinary Gazette notif
RBI/2006-2007/339RPCD.CO.RF.BC.No.75/07.02.01/2006-07April@@NBSP@@24, 2007All Scheduled State Co-operative Banks Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)Please refer to our Circulars RBI/2006-2007/276 RPCD.RF.BC.54/07.02.01/ 2006-07 dated March 02, 2007 and RBI/2006-07/307 RPCD.CO.RF.BC.No.64/ 07.02.01/2006-07 dated April 04, 2007 on the captioned subject. Government of India in their Extraordinary Gazette notif
ਅਪ੍ਰੈ 24, 2007
Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories
RBI/2006-2007/340 RPCD.CO.RF.BC.No.77/07.02.01/2006-07April 24, 2007All Scheduled State Co-operative Banks Dear Sir,Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories Please refer to our Circular RBI/2006-2007/277 RPCD.RF.BC.56/07.02.01/2006-07 dated March 02, 2007 on the captioned subject. Consequent upon the notification of Section 3 of the Reserve Bank of India (Amendment) Act, 2006 coming into force with effect from April 01,2007, the statutory minimum
RBI/2006-2007/340 RPCD.CO.RF.BC.No.77/07.02.01/2006-07April 24, 2007All Scheduled State Co-operative Banks Dear Sir,Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories Please refer to our Circular RBI/2006-2007/277 RPCD.RF.BC.56/07.02.01/2006-07 dated March 02, 2007 on the captioned subject. Consequent upon the notification of Section 3 of the Reserve Bank of India (Amendment) Act, 2006 coming into force with effect from April 01,2007, the statutory minimum
ਅਪ੍ਰੈ 13, 2007
Nomination Facility in Single Deposit Accounts
RBI/2006-2007/322 RPCD.CO.RRB.BC.No.71 /03.05.33//2006-07 April 13, 2007 The Chairmen All Regional Rural Banks Dear Sir, Nomination Facility in Single Deposit Accounts Please refer to Paragraph 9 of the circular RPCD.CO.RRB.BC.22/03.05.33/2005-06 dated July 19, 2005 on the above subject wherein banks were advised to give wide publicity and provide guidance to deposit account holders on the benefits of nomination facility and the survivorship clause. We feel that despi
RBI/2006-2007/322 RPCD.CO.RRB.BC.No.71 /03.05.33//2006-07 April 13, 2007 The Chairmen All Regional Rural Banks Dear Sir, Nomination Facility in Single Deposit Accounts Please refer to Paragraph 9 of the circular RPCD.CO.RRB.BC.22/03.05.33/2005-06 dated July 19, 2005 on the above subject wherein banks were advised to give wide publicity and provide guidance to deposit account holders on the benefits of nomination facility and the survivorship clause. We feel that despi
ਅਪ੍ਰੈ 12, 2007
StCBs/DCCBs - Nomination Facility in Single Deposit Accounts
RBI/2006-2007/318 RPCD.CO.RF. BC.No. 70 /07.38.01/2006-07April 12, 2007The Chairmen/CEOs All State and District Central Co-operative BanksDear Sir,Nomination Facility in Single Deposit Accounts Please refer to Paragraph 9 of the circular RPCD.CO.RF.BC.No.12/07.38.01/ 2005-06 dated July 12, 2005 on the above subject wherein banks were advised to give wide publicity and provide guidance to deposit account holders on the benefits of nomination facility and the survivorsh
RBI/2006-2007/318 RPCD.CO.RF. BC.No. 70 /07.38.01/2006-07April 12, 2007The Chairmen/CEOs All State and District Central Co-operative BanksDear Sir,Nomination Facility in Single Deposit Accounts Please refer to Paragraph 9 of the circular RPCD.CO.RF.BC.No.12/07.38.01/ 2005-06 dated July 12, 2005 on the above subject wherein banks were advised to give wide publicity and provide guidance to deposit account holders on the benefits of nomination facility and the survivorsh
ਅਪ੍ਰੈ 11, 2007
RRBs - Rounding off Amounts of Cheques to the Nearest Rupee
RBI/2006-2007/317 RPCD.CO.No.RRB.BC.69/03.05.33/2006-07 April 11, 2007 All Regional Rural Banks Dear Sir, Rounding off amounts of cheques to the nearest rupee We advise that recently a case involving refusal by a bank to accept a draft drawn in fraction of a rupee lodged for collection to the credit of Government account came up before the High Court of Gujarat, Ahmedabad. The High Court of Gujarat, taking a serious view in the matter, has directed Reserve Bank of Ind
RBI/2006-2007/317 RPCD.CO.No.RRB.BC.69/03.05.33/2006-07 April 11, 2007 All Regional Rural Banks Dear Sir, Rounding off amounts of cheques to the nearest rupee We advise that recently a case involving refusal by a bank to accept a draft drawn in fraction of a rupee lodged for collection to the credit of Government account came up before the High Court of Gujarat, Ahmedabad. The High Court of Gujarat, taking a serious view in the matter, has directed Reserve Bank of Ind
ਅਪ੍ਰੈ 10, 2007
Prime Minister Rozgar Yojana - Extension of date of validity of sanction for the programme year 2006-07
RBI/2006- 2007/316 RPCD.PLNFS.BC.No. 68/09.04.01/ 2006 – 2007 April 10, 2007 The Chairman / Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Prime Minister Rozgar Yojana – Extension of date of @@NBSP@@validity of sanction for the programme year 2006-07 Please refer our circular RBI / 2005-06 / 358 / RPCD.PLNFS.BC.No.74/ 09.04.01/2005 –2006 dated April 13, 2006. In view of the unsatisfactory performance of the implementing banks of PMR
RBI/2006- 2007/316 RPCD.PLNFS.BC.No. 68/09.04.01/ 2006 – 2007 April 10, 2007 The Chairman / Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Prime Minister Rozgar Yojana – Extension of date of @@NBSP@@validity of sanction for the programme year 2006-07 Please refer our circular RBI / 2005-06 / 358 / RPCD.PLNFS.BC.No.74/ 09.04.01/2005 –2006 dated April 13, 2006. In view of the unsatisfactory performance of the implementing banks of PMR
ਅਪ੍ਰੈ 09, 2007
Rounding off Transactions to the nearest rupee
RBI/2006-2007/315 RPCD.CO.RF.BC.No.67 /07.02.01/2006-07 April 9, 2007 All State and Central Co-operative Banks Dear Sir Rounding off Transactions to the nearest rupee Please refer to our circular RPCD.No.RF.BC.68/D.1-90-91 dated January 1, 1991, in terms of which banks were advised that all transactions, including payment of interest on deposits/charging of interest on advances, should be rounded off to the nearest rupee; i.e. fraction of 50 paise and above shall be r
RBI/2006-2007/315 RPCD.CO.RF.BC.No.67 /07.02.01/2006-07 April 9, 2007 All State and Central Co-operative Banks Dear Sir Rounding off Transactions to the nearest rupee Please refer to our circular RPCD.No.RF.BC.68/D.1-90-91 dated January 1, 1991, in terms of which banks were advised that all transactions, including payment of interest on deposits/charging of interest on advances, should be rounded off to the nearest rupee; i.e. fraction of 50 paise and above shall be r
ਅਪ੍ਰੈ 04, 2007
Credit flow to Micro, Small and Medium Enterprises Sector
RBI/2006-2007/306 RPCD.PLNFS. BC.No.63/ 06.02.31/ 2006-07 April 4, 2007 The Chairman/ Managing Director/ Chief Executive Officer All Scheduled Commercial Banks All Regional Rural Banks/Local Area Banks Dear Sir, Credit flow to Micro, Small and Medium Enterprises Sector Please refer to Paragraph No.2 of our circular RPCD.PLFNS.BC.No.31/ 06.02.31/ 2005-06 dated August 19, 2005 wherein the definition of Small and Medium Enterprise had been indicated as reproduced below:
RBI/2006-2007/306 RPCD.PLNFS. BC.No.63/ 06.02.31/ 2006-07 April 4, 2007 The Chairman/ Managing Director/ Chief Executive Officer All Scheduled Commercial Banks All Regional Rural Banks/Local Area Banks Dear Sir, Credit flow to Micro, Small and Medium Enterprises Sector Please refer to Paragraph No.2 of our circular RPCD.PLFNS.BC.No.31/ 06.02.31/ 2005-06 dated August 19, 2005 wherein the definition of Small and Medium Enterprise had been indicated as reproduced below:
ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਮੋਬਾਈਲ ਐਪਲੀਕੇਸ਼ਨ ਇੰਸਟਾਲ ਕਰੋ ਅਤੇ ਨਵੀਨਤਮ ਖਬਰਾਂ ਤੱਕ ਤੇਜ਼ ਐਕਸੈਸ ਪ੍ਰਾਪਤ ਕਰੋ!
ਪੇਜ ਅੰਤਿਮ ਅੱਪਡੇਟ ਦੀ ਤਾਰੀਖ: ਨਵੰਬਰ 04, 2024
