Please refer to our circular DBOD.No.Leg.BC.60/09.005/2003-04 dated 27^th December 2003 on the captioned subject. It is presumed that the Ad-hoc Committees set up by your bank would have started looking into simplification of procedures and practices with a view to safeguarding the interests of common persons and to improve the customer service in the areas mentioned in the circular. As a part of this exercise, the Ad-hoc Committee could also submit to RBI, suitable recommendations for modification/rationalization of existing RBI guidelines that could help in further enhancing the customer service. The recommendations in this regard could cover the interface with the individual customers in respect of the following four broad categories and may be submitted on separate sheets to facilitate action at our end.

(a) foreign exchange transactions

(b) government and public debt transactions

(c) banking operations, and

(d) currency management

Yours faithfully,

(C.R.Muralidharan)

Chief General Manager-in-Charge