Regulating Commercial Banking

RBI/2008-09/484 DBOD. No. BP. BC. 135 /21.04.012/2008-09 May 26, 2009 The Chairman / CMD / MD / CEO All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Relaxation to trade and industry in the state of Jammu and Kashmir Please refer to our circular DBOD.No.BP.BC.89/21.04.012/2007-2008 dated June 03, 2008 extending the period of concessions/credit relaxations to borrowers / customers in Jammu and Kashmir up to 31 March 2009. It has been decided that the concession

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/2008-09/471 DBOD.No.FID.FIC 6/01.02.00/2008-09 May 7, 2009 The CEOs of select all-India Terms Lending and Refinancing Institutions (Exim Bank, NABARD, NHB & SIDBI) Dear Sir, Prudential Guidelines on Restructuring of Advances by Select all-India Financial Institutions In continuation of our circular DBOD.No.FID.FIC.5/01.02.00/2008-09 dated@@NBSP@@ February 26, 2009 on the above subject, please find enclosed a copy of Circular DBOD.No. BP.BC. 121/21.04.132/2008-

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/2008-09/448 DBOD.No. BP. BC.127/ 21.04.009/2008-09 April 22, 2009 @@NBSP@@ All Scheduled Commercial Banks (Excluding RRBs) @@NBSP@@ Dear Sir, @@NBSP@@ Extension of Guarantee - Maturity beyond Ten years @@NBSP@@ @@NBSP@@ In terms of Paragraph 2.1.3 of our Master Circular RBI/2008-09/79 – DBOD.@@NBSP@@Dir.BC.18/13.03.00/2008-09 dated July 1, 2008 on ‘Guarantees and Co -acceptances’, no bank guarantee should normally have a maturity of more than 10 years. 2. We have

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