Notifications - Financial Inclusion and Development - RBI - Reserve Bank of India
Notifications
Oct 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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Oct 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
Oct 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
Oct 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
Sep 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
Sep 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
Sep 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
Sep 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
Sep 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
Aug 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
Aug 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
Aug 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
Aug 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
Aug 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
Jul 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
Jun 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.
Jun 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
Jun 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
Jun 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
Jun 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
Jun 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
May 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
May 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
May 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
May 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
May 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
May 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
May 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,
May 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
May 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
May 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
May 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
May 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
May 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
May 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
Apr 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
Apr 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
Apr 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
Apr 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
Apr 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
Apr 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
Apr 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,
Apr 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
Apr 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
Apr 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
Apr 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
Apr 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
Apr 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
Apr 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
Apr 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:
Apr 04, 2007
RRBs - Maintenance of CRR
RBI/2006-2007/308RPCD. RRB. CO. BC. No.66/03.05.28(B)/2006-07April 4, 2007 All Regional Rural Banks Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)-RRBsPlease refer to our circular RPCD.CO.RRB.BC.50/03.05.28(B)/2006-07 dated February 14, 2007 read with circular RPCD.RRB.CO.BC. No.51/03.05.28(B)/ 2006-07 dated March 02, 2007 on the captioned subject. As set out in Press Release: 2006-2007/1336 dated March 30, 2007, it h
RBI/2006-2007/308RPCD. RRB. CO. BC. No.66/03.05.28(B)/2006-07April 4, 2007 All Regional Rural Banks Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)-RRBsPlease refer to our circular RPCD.CO.RRB.BC.50/03.05.28(B)/2006-07 dated February 14, 2007 read with circular RPCD.RRB.CO.BC. No.51/03.05.28(B)/ 2006-07 dated March 02, 2007 on the captioned subject. As set out in Press Release: 2006-2007/1336 dated March 30, 2007, it h
Apr 04, 2007
StCBs - Maintenance of CRR
RBI/2006-2007/307RPCD.CO.RF.BC.No. 64 /07.02.01/2006-07April 4, 2007All Scheduled State Co-operative BanksDear SirSection 42 (1) of RBI Act, 1934 – Maintenance of Cash Reserve Ratio (CRR) Please refer to our circular No.RPCD.CO.RF.BC 49/07.02.01/2006-07 dated February 14, 2007 read with circular No. RPCD.RF.BC.54/07.02.01/2006-07 dated March 2, 2007 on the captioned subject. As set out in Press Release: 2006-2007/1336 dated March 30, 2007, it has been decided to incre
RBI/2006-2007/307RPCD.CO.RF.BC.No. 64 /07.02.01/2006-07April 4, 2007All Scheduled State Co-operative BanksDear SirSection 42 (1) of RBI Act, 1934 – Maintenance of Cash Reserve Ratio (CRR) Please refer to our circular No.RPCD.CO.RF.BC 49/07.02.01/2006-07 dated February 14, 2007 read with circular No. RPCD.RF.BC.54/07.02.01/2006-07 dated March 2, 2007 on the captioned subject. As set out in Press Release: 2006-2007/1336 dated March 30, 2007, it has been decided to incre
Mar 30, 2007
Returns on priority sector advances - Inconsistency in reporting data
RPCD. Stat. No. BC. 62/11.01.01/2006-07 March 30, 2007 The Chairman/Managing Director All Scheduled Commercial Banks Dear Sir Returns on priority sector advances – Inconsistency in reporting data We have been receiving periodical returns on priority sector advances from banks in different formats viz., half-yearly return on priority sector advances, special return I, II and III on priority sector advances, returns on DRI advances, SC/ST advances, advances to minority
RPCD. Stat. No. BC. 62/11.01.01/2006-07 March 30, 2007 The Chairman/Managing Director All Scheduled Commercial Banks Dear Sir Returns on priority sector advances – Inconsistency in reporting data We have been receiving periodical returns on priority sector advances from banks in different formats viz., half-yearly return on priority sector advances, special return I, II and III on priority sector advances, returns on DRI advances, SC/ST advances, advances to minority
Mar 29, 2007
Credit Mobilisation Target under SGSY during 2007-08
RBI/2006-2007/296 RPCD.SP. BC. No. /60 /09.01.01/2006-07 March 29, 2007 The Chairman /Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Credit Mobilisation target under Swarnajayanti Gram Swarozgar Yojana (SGSY) during the year 2007-08 Government of India have finalised credit mobilisation target for the year 2007-08 under SGSY. The State /UT wise credit mobilisation targets for the year 2007-08 are enclosed. The credit mobilisation as
RBI/2006-2007/296 RPCD.SP. BC. No. /60 /09.01.01/2006-07 March 29, 2007 The Chairman /Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Credit Mobilisation target under Swarnajayanti Gram Swarozgar Yojana (SGSY) during the year 2007-08 Government of India have finalised credit mobilisation target for the year 2007-08 under SGSY. The State /UT wise credit mobilisation targets for the year 2007-08 are enclosed. The credit mobilisation as
Mar 29, 2007
Lead Bank Scheme Allocation of Lead Bank responsibility in respect of Anantnag, Budgam, Pulwana and Srinagar districts in J & K State
RBI/2006-2007/295 RPCD.CO.LBS.BC.No. 59 /02.08.01/2006-07 March 29, 2007The Chairman All Lead Banks (As per mailing list)Dear Sir, Lead Bank Scheme Allocation of Lead Bank responsibility in respect of Anantnag, Budgam, Pulwana and Srinagar districts in J & K State Please refer to our Circular RPCD.No.LBS.BC. 87/02.01.01/2004-05 dated March 07, 2005 extending the period of transfer of lead responsibility in respect of Anantnag, Budgam, Pulwana and Srinagar district
RBI/2006-2007/295 RPCD.CO.LBS.BC.No. 59 /02.08.01/2006-07 March 29, 2007The Chairman All Lead Banks (As per mailing list)Dear Sir, Lead Bank Scheme Allocation of Lead Bank responsibility in respect of Anantnag, Budgam, Pulwana and Srinagar districts in J & K State Please refer to our Circular RPCD.No.LBS.BC. 87/02.01.01/2004-05 dated March 07, 2005 extending the period of transfer of lead responsibility in respect of Anantnag, Budgam, Pulwana and Srinagar district
Mar 29, 2007
Grant of Loans for acquisition of Kisan Vikas Patras (KVPs)
RBI/2006-2007/297RPCD. CO.RRB. No. BC. 61/03.05.33(E)/2006-2007March 29, 2007All Regional Rural Banks Dear SirGrant of Loans for acquisition of Kisan Vikas Patras (KVPs) We have recently come across certain instances where banks had sanctioned loans to individuals (mostly High Net worth Individuals-HNIs) for acquisition of Kisan Vikas Patras (KVPs). The HNIs were first required to bring in 10% of the total face value of the proposed investment in the KVPs as mar
RBI/2006-2007/297RPCD. CO.RRB. No. BC. 61/03.05.33(E)/2006-2007March 29, 2007All Regional Rural Banks Dear SirGrant of Loans for acquisition of Kisan Vikas Patras (KVPs) We have recently come across certain instances where banks had sanctioned loans to individuals (mostly High Net worth Individuals-HNIs) for acquisition of Kisan Vikas Patras (KVPs). The HNIs were first required to bring in 10% of the total face value of the proposed investment in the KVPs as mar
Mar 23, 2007
Grant of Loans for acquisition of Kisan Vikas Patras - StCBs/DCCBs
RBI/2006-2007/292 RPCD.CO.RF.BC.No.57/07.40.06/2006-07 March 23, 2007 The Chief Executive Officers of All State / Central Co-operative Banks (StCBs/DCCBs)Dear Sir/Madam,Grant of Loans for acquisition of Kisan Vikas Patras (KVPs) We have recently come across certain instances where banks had sanctioned loans to individuals for acquisition of Kisan Vikas Patras (KVPs). The individuals were first required to bring in 10% of the total face value of the proposed inve
RBI/2006-2007/292 RPCD.CO.RF.BC.No.57/07.40.06/2006-07 March 23, 2007 The Chief Executive Officers of All State / Central Co-operative Banks (StCBs/DCCBs)Dear Sir/Madam,Grant of Loans for acquisition of Kisan Vikas Patras (KVPs) We have recently come across certain instances where banks had sanctioned loans to individuals for acquisition of Kisan Vikas Patras (KVPs). The individuals were first required to bring in 10% of the total face value of the proposed inve
Mar 02, 2007
StCBs - Maintenance of CRR
RBI/2006-2007/276 RPCD.RF.BC.54/07.02.01/2006-07 March 02, 2007 All 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/2005-2006/424 RPCD.RF.BC/93/07.02.01/ 2005-06 dated June 22, 2006 on the captioned subject. Government of India in their Extraordinary Gazette notification No.S.O.21(E) dated January 9, 2007 have notified January 9, 2007 as the date on w
RBI/2006-2007/276 RPCD.RF.BC.54/07.02.01/2006-07 March 02, 2007 All 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/2005-2006/424 RPCD.RF.BC/93/07.02.01/ 2005-06 dated June 22, 2006 on the captioned subject. Government of India in their Extraordinary Gazette notification No.S.O.21(E) dated January 9, 2007 have notified January 9, 2007 as the date on w
Mar 02, 2007
StCBs - Cash Reserve Ratio CRR on Exempted Categories
RBI/2006-2007/277 RPCD.RF.BC.56/07.02.01/2006-07March 02, 2007All Scheduled State Co-operative Banks Dear Sir,Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories Please refer to our Circular RBI/2005-2006/425 RPCD.RF.BC.94/07.02.01/2005-06 dated June 22, 2006 on the captioned subject. It has been decided to withdraw the above circular with immediate effect. It has, however, been decided that every Scheduled State Co-operative Bank shall continue to be exemp
RBI/2006-2007/277 RPCD.RF.BC.56/07.02.01/2006-07March 02, 2007All Scheduled State Co-operative Banks Dear Sir,Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories Please refer to our Circular RBI/2005-2006/425 RPCD.RF.BC.94/07.02.01/2005-06 dated June 22, 2006 on the captioned subject. It has been decided to withdraw the above circular with immediate effect. It has, however, been decided that every Scheduled State Co-operative Bank shall continue to be exemp
Mar 02, 2007
RRBs-Maintenance of CRR
RBI/2006-2007/274 RPCD. RRB. CO. BC. No.51/03.05.28(B)/2006-07March 02, 2007All Regional Rural BanksDear Sir,Section 42(1) of Reserve Bank of India Act, 1934- Maintenance of Cash Reserve Ratio (CRR)-RRBsPlease refer to our Circular RPCD.RF.BC.93/07.02.01/2005-06 dated June 22, 2006 on the captioned subject. Government of India in their Extraordinary Gazette notification No.S.O.21(E) dated January 9, 2007 have notified January 9, 2007 as the date on which all the provi
RBI/2006-2007/274 RPCD. RRB. CO. BC. No.51/03.05.28(B)/2006-07March 02, 2007All Regional Rural BanksDear Sir,Section 42(1) of Reserve Bank of India Act, 1934- Maintenance of Cash Reserve Ratio (CRR)-RRBsPlease refer to our Circular RPCD.RF.BC.93/07.02.01/2005-06 dated June 22, 2006 on the captioned subject. Government of India in their Extraordinary Gazette notification No.S.O.21(E) dated January 9, 2007 have notified January 9, 2007 as the date on which all the provi
Mar 02, 2007
RRBs - Maintenance of CRR on Exempted Categories
RBI/2006-2007/275 RPCD. CO.RRB.BC. No. 52 /03.05.28(B)/2006-07March 02, 2007All Regional Rural BanksDear Sir,Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories- RRBsPlease refer to our Circular RPCD.RF.BC.94/07.02.01/2005-06 dated June 22, 2006 on the captioned subject. It has been decided to withdraw the above circular with immediate effect. It has, however, been decided that every Regional Rural Bank shall continue to be exempted from maintaining average
RBI/2006-2007/275 RPCD. CO.RRB.BC. No. 52 /03.05.28(B)/2006-07March 02, 2007All Regional Rural BanksDear Sir,Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories- RRBsPlease refer to our Circular RPCD.RF.BC.94/07.02.01/2005-06 dated June 22, 2006 on the captioned subject. It has been decided to withdraw the above circular with immediate effect. It has, however, been decided that every Regional Rural Bank shall continue to be exempted from maintaining average
Feb 14, 2007
RRBs - CRR Increased
RBI/2006-2007/260 RPCD.CO.RRB.BC 50/03.05.28(B)/2006-07 February 14, 2007 All Regional Rural Banks Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRR-Regional Rural Banks (RRBs) Please refer to our circular RPCD.CO.RF.BC.38/07.02.01/2006-2007 (RBI/2006-07/202) dated December 11, 2006 on the above subject. As set out in Press Release: 2006-07/1094 dated February 13, 2007, it has been decided to increase Cash Reserve Ratio (CRR) of all Regi
RBI/2006-2007/260 RPCD.CO.RRB.BC 50/03.05.28(B)/2006-07 February 14, 2007 All Regional Rural Banks Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRR-Regional Rural Banks (RRBs) Please refer to our circular RPCD.CO.RF.BC.38/07.02.01/2006-2007 (RBI/2006-07/202) dated December 11, 2006 on the above subject. As set out in Press Release: 2006-07/1094 dated February 13, 2007, it has been decided to increase Cash Reserve Ratio (CRR) of all Regi
Feb 14, 2007
StCBs - CRR increased
RBI/2006-2007/257RPCD.CO.RF.BC 49 /07.02.01/2006-07 February 14, 2007All Scheduled State Co-operative Banks Dear Sir,Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRRPlease refer to our circular RPCD.CO.RF.BC.38/07.02.01/2006-2007 (RBI/2006-07/202) dated December 11, 2006 on the above subject. As set out in Press Release: 2006-07/1094 dated February 13, 2007, it has been decided to increase Cash Reserve Ratio (CRR) of all Scheduled State Co-operat
RBI/2006-2007/257RPCD.CO.RF.BC 49 /07.02.01/2006-07 February 14, 2007All Scheduled State Co-operative Banks Dear Sir,Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRRPlease refer to our circular RPCD.CO.RF.BC.38/07.02.01/2006-2007 (RBI/2006-07/202) dated December 11, 2006 on the above subject. As set out in Press Release: 2006-07/1094 dated February 13, 2007, it has been decided to increase Cash Reserve Ratio (CRR) of all Scheduled State Co-operat
Feb 09, 2007
RRB - Interest Rate on NRE Deposits
RBI/2006-2007/254 RPCD.No.RRB.BC.48/03.05.33(C)/2006-07 February 9. 2007 All Regional Rural Banks Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to paragraph 86 of the Third Quarter Review of the Annual Policy Statement for the year 2006-07, announced on January 31, 2007 (copy of the paragraph enclosed). 2. In this context, please refer to our circular RPCD.No.RRB.BC.76/ 03.05.33(C)/2005-06 dated April 19, 2006 on Interest Rates o
RBI/2006-2007/254 RPCD.No.RRB.BC.48/03.05.33(C)/2006-07 February 9. 2007 All Regional Rural Banks Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to paragraph 86 of the Third Quarter Review of the Annual Policy Statement for the year 2006-07, announced on January 31, 2007 (copy of the paragraph enclosed). 2. In this context, please refer to our circular RPCD.No.RRB.BC.76/ 03.05.33(C)/2005-06 dated April 19, 2006 on Interest Rates o
Feb 06, 2007
StCBs/DCCBs - Interest Rates on NRE Deposits
RBI/2006-2007/249 RPCD.CO.RF.BC.No. 44/07.38.01/2006-07 February 6, 2007 @@NBSP@@ 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. 75/07.38.01/2005-06 dated April 19, 2006 on Interest Rates on NRE Rupee Deposits. In the Third Quarter Review of the Annual Policy Statement for the year 2006-07, announced on January 31
RBI/2006-2007/249 RPCD.CO.RF.BC.No. 44/07.38.01/2006-07 February 6, 2007 @@NBSP@@ 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. 75/07.38.01/2005-06 dated April 19, 2006 on Interest Rates on NRE Rupee Deposits. In the Third Quarter Review of the Annual Policy Statement for the year 2006-07, announced on January 31
Feb 06, 2007
Interest Rate on FCNR(B) Deposits
RBI/2006-2007/250 RPCD.CO.RF.BC.46/07.38.01/2006-07 February 6, 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 72/07.38.01/2005-06 dated March 31, 2006 on Interest Rate on FCNR(B) Deposits. In the Third Quarter Review of the Annual Policy Statement for the year 2006-07, announced on January 31, 2007 (extract of pa
RBI/2006-2007/250 RPCD.CO.RF.BC.46/07.38.01/2006-07 February 6, 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 72/07.38.01/2005-06 dated March 31, 2006 on Interest Rate on FCNR(B) Deposits. In the Third Quarter Review of the Annual Policy Statement for the year 2006-07, announced on January 31, 2007 (extract of pa
Jan 31, 2007
Clean Note Policy - Stapling of Note Packets
RBI/2006-2007/241 RPCD.CO.RF.BC No.43/ 07.38.03/2006-07 January 31, 2007 All State Co-operative Banks/ District Central Co-operative Banks Dear Sir Clean Note Policy - Stapling of Note Packets It is observed that despite instructions issued by the Reserve bank of India, banks still continue to follow the practice of stapling of note packets. This practice, apart from damaging notes, reduces the life span of notes and renders it difficult for customers to open note pac
RBI/2006-2007/241 RPCD.CO.RF.BC No.43/ 07.38.03/2006-07 January 31, 2007 All State Co-operative Banks/ District Central Co-operative Banks Dear Sir Clean Note Policy - Stapling of Note Packets It is observed that despite instructions issued by the Reserve bank of India, banks still continue to follow the practice of stapling of note packets. This practice, apart from damaging notes, reduces the life span of notes and renders it difficult for customers to open note pac
Jan 18, 2007
Assignment of Lead Bank Responsibility for New Districts in Assam
RBI/2006-2007/233 RPCD.CO.LBS.BC.No. 42 /02.08.01/2006-07 January 18, 2007 The Chairman All Lead Banks Dear Sir, Formation of new districts in Assam – Assignment of Lead Bank responsibility Government of Assam vide their Extraordinary Gazette Notification No. 228 dated October 30, 2003 have advised about the formation of three new districts viz. Udalguri, Chirang and Baksa District covering 827, 500 & 698 villages respectively out of the existing districts in the
RBI/2006-2007/233 RPCD.CO.LBS.BC.No. 42 /02.08.01/2006-07 January 18, 2007 The Chairman All Lead Banks Dear Sir, Formation of new districts in Assam – Assignment of Lead Bank responsibility Government of Assam vide their Extraordinary Gazette Notification No. 228 dated October 30, 2003 have advised about the formation of three new districts viz. Udalguri, Chirang and Baksa District covering 827, 500 & 698 villages respectively out of the existing districts in the
Jan 10, 2007
Assignment of Lead Bank for New District in Punjab
RBI/2006-2007/231 RPCD.CO.LBS.BC.No. 41/02.08.01/2006-07 January 10, 2007 The Chairman All Lead Banks Dear Sir, Formation of new district in Punjab – Assignment of Lead Bank responsibility The Department of Revenue and Rehabilitation, Government of Punjab vide their Gazette Notification No.1/5/06-RE-II(1)/12617 dated November 8, 2006 have advised about the formation of new district viz. Barnala covering Barnala Tehsil (130 villages), Tapa Sub-Tehsil (27 Villages) and
RBI/2006-2007/231 RPCD.CO.LBS.BC.No. 41/02.08.01/2006-07 January 10, 2007 The Chairman All Lead Banks Dear Sir, Formation of new district in Punjab – Assignment of Lead Bank responsibility The Department of Revenue and Rehabilitation, Government of Punjab vide their Gazette Notification No.1/5/06-RE-II(1)/12617 dated November 8, 2006 have advised about the formation of new district viz. Barnala covering Barnala Tehsil (130 villages), Tapa Sub-Tehsil (27 Villages) and
Dec 26, 2006
Cheque Drop Box Facility and the facility for acknowledgement of cheques
RBI/2006-07/221 RPCD.CO.RF.BC.NO./40/07.40.06/2006-07 December 26, 2006The Chairmen/ CEOs of all State/Central Co-operative BanksDear Sir, Cheque Drop Box Facility and the facility for acknowledgement of cheques. Reserve Bank of India / Banking Ombudsmen have been receiving complaints that many bank branches are not accepting cheques at the counters and are compelling the customers to drop the cheques in the Cheque Drop Box. 2. It is, therefore, advised that customers
RBI/2006-07/221 RPCD.CO.RF.BC.NO./40/07.40.06/2006-07 December 26, 2006The Chairmen/ CEOs of all State/Central Co-operative BanksDear Sir, Cheque Drop Box Facility and the facility for acknowledgement of cheques. Reserve Bank of India / Banking Ombudsmen have been receiving complaints that many bank branches are not accepting cheques at the counters and are compelling the customers to drop the cheques in the Cheque Drop Box. 2. It is, therefore, advised that customers
Dec 26, 2006
Cheque drop Facility-RRBs
RBI/2006-07/220 RPCD.CO.RRB.BC NO./ 39/03.05.33(E)/2006-07 December 26, 2006 ToAll Regional Rural Banks (RRBs)Dear Sir,Cheque Drop Box Facility and the facility for acknowledgement of cheques.Reserve Bank of India / Banking Ombudsmen have been receiving complaints that many bank branches are not accepting cheques at the counters and are compelling the customers to drop the cheques in the Cheque Drop Box. 2. It is, therefore, advised that customers should not be compel
RBI/2006-07/220 RPCD.CO.RRB.BC NO./ 39/03.05.33(E)/2006-07 December 26, 2006 ToAll Regional Rural Banks (RRBs)Dear Sir,Cheque Drop Box Facility and the facility for acknowledgement of cheques.Reserve Bank of India / Banking Ombudsmen have been receiving complaints that many bank branches are not accepting cheques at the counters and are compelling the customers to drop the cheques in the Cheque Drop Box. 2. It is, therefore, advised that customers should not be compel
Dec 11, 2006
StCBs/RRBs - Increase in CRR
RBI/2006-07/202 RPCD.CO.RF.BC 38/07.02.01/2006-07 December 11, 2006 All Scheduled State Co-operative Banks (StCBs) and Regional Rural Banks (RRBs) Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRR Please refer to our circular RPCD.RF.BC. 93/07.02.01/2005-2006@@NBSP@@ (RBI/2005-06/424) dated June 22, 2006 on the above subject. On review of current macroeconomic and monetary conditions, it has been decided to increase Cash Reserve Ratio (C
RBI/2006-07/202 RPCD.CO.RF.BC 38/07.02.01/2006-07 December 11, 2006 All Scheduled State Co-operative Banks (StCBs) and Regional Rural Banks (RRBs) Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRR Please refer to our circular RPCD.RF.BC. 93/07.02.01/2005-2006@@NBSP@@ (RBI/2005-06/424) dated June 22, 2006 on the above subject. On review of current macroeconomic and monetary conditions, it has been decided to increase Cash Reserve Ratio (C
Nov 28, 2006
Priority Sector Lending - Loans to Self-Help Groups
RBI/2006-2007/191 RPCD.No.Plan.BC. 37 /04.09.01/2006-07 November 28, 2006 @@NBSP@@ The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)] Dear Sir, Priority Sector Lending – Loans to Self-Help Groups Please refer to paragraph 3.9 of Section I of our Master Circular dated July 3, 2006 on Lending to Priority Sector, in terms of which loans provided by banks to Non-Government Organizations (NGOs)/Self-He
RBI/2006-2007/191 RPCD.No.Plan.BC. 37 /04.09.01/2006-07 November 28, 2006 @@NBSP@@ The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)] Dear Sir, Priority Sector Lending – Loans to Self-Help Groups Please refer to paragraph 3.9 of Section I of our Master Circular dated July 3, 2006 on Lending to Priority Sector, in terms of which loans provided by banks to Non-Government Organizations (NGOs)/Self-He
Nov 22, 2006
STCBs/DCCBs: Housing Loans - Implementation of Delhi High Court Orders
RBI/2006-07/187 RPCD. RF. BC.35/07.40.06/2006-07 November 22, 2006 The Chief Executive Officers of all State and District Central Co-operative Banks (StCBs/DCCBs) Dear Sirs Housing Loans – Implementation of Delhi High Court Orders Writ Petition by Kalyan Sanstha Welfare Organisation against Union of India and Others- Implementation of Directions During the hearing in the captioned Writ Petition, the Hon'ble High Court of Delhi has directed as under: ' We hereby
RBI/2006-07/187 RPCD. RF. BC.35/07.40.06/2006-07 November 22, 2006 The Chief Executive Officers of all State and District Central Co-operative Banks (StCBs/DCCBs) Dear Sirs Housing Loans – Implementation of Delhi High Court Orders Writ Petition by Kalyan Sanstha Welfare Organisation against Union of India and Others- Implementation of Directions During the hearing in the captioned Writ Petition, the Hon'ble High Court of Delhi has directed as under: ' We hereby
Nov 22, 2006
RRBs: Housing Loans - Implimentation of Delhi High Court Orders
RBI/2006-07/188 RPCD.CO.No.RRB.BC. 36/03.05.33/2006-07 November 22, 2006 The Chief Executive Officers of all Regional Rural Banks (RRBs) Dear Sirs Housing Loans – Implementation of Delhi High Court Orders Writ Petition by Kalyan Sanstha Welfare Organisation against Union of India and Others- Implementation of Directions During the hearing in the captioned Writ Petition, the Hon'ble High Court of Delhi has directed as under: ' We hereby direct that henceforth Ba
RBI/2006-07/188 RPCD.CO.No.RRB.BC. 36/03.05.33/2006-07 November 22, 2006 The Chief Executive Officers of all Regional Rural Banks (RRBs) Dear Sirs Housing Loans – Implementation of Delhi High Court Orders Writ Petition by Kalyan Sanstha Welfare Organisation against Union of India and Others- Implementation of Directions During the hearing in the captioned Writ Petition, the Hon'ble High Court of Delhi has directed as under: ' We hereby direct that henceforth Ba
Nov 22, 2006
Microfinance - Joint fact-finding study with the banks
RBI 2006-07/185 RPCD.CO.Plan. BC. No.34 /04.09.22/2006-07 November 22, 2006 The Chairman and Managing Director All Scheduled Commercial Banks (Including Regional Rural Banks) Dear Sir, Microfinance - Joint fact-finding study with the banks In a joint fact-finding study on microfinance conducted recently by Reserve Bank and a few major banks, the following observations have been made: (i) Some of the microfinance institutions (MFIs) financed by banks or acting as their
RBI 2006-07/185 RPCD.CO.Plan. BC. No.34 /04.09.22/2006-07 November 22, 2006 The Chairman and Managing Director All Scheduled Commercial Banks (Including Regional Rural Banks) Dear Sir, Microfinance - Joint fact-finding study with the banks In a joint fact-finding study on microfinance conducted recently by Reserve Bank and a few major banks, the following observations have been made: (i) Some of the microfinance institutions (MFIs) financed by banks or acting as their
Nov 15, 2006
Lead Bank Scheme - Inclusion of National Horticulture Board as a permanent member of the State Level Bankers’ Committees (SLBC) of the respective State
RBI/2006-07/176 RPCD.LBS.CO.BC.No. 33 /02.18.02/2006-07 15th November, 2006 The Chairman/Managing Director, All SLBC/UTLBC Convenor Banks, (As per mailing list) Dear Sir, Lead Bank Scheme – Inclusion of National Horticulture Board as a permanent member of the State Level Bankers’ Committees (SLBC) of the respective State A Working Group on improvement of Banking Services in Uttaranchal was constituted by RBI under the Chairmanship of Shri V. S. Das, Executive Director
RBI/2006-07/176 RPCD.LBS.CO.BC.No. 33 /02.18.02/2006-07 15th November, 2006 The Chairman/Managing Director, All SLBC/UTLBC Convenor Banks, (As per mailing list) Dear Sir, Lead Bank Scheme – Inclusion of National Horticulture Board as a permanent member of the State Level Bankers’ Committees (SLBC) of the respective State A Working Group on improvement of Banking Services in Uttaranchal was constituted by RBI under the Chairmanship of Shri V. S. Das, Executive Director
Nov 13, 2006
Relief Measures to assist Distressed Farmers
RBI/ 2006-07/ 174 RPCD.PLFS. BC. No. 32 /05.04.02/ 2006-07 November 13, 2006 The Chairman /Managing Director/ Chief Executive Officer All Scheduled Commercial Banks Dear Sir, Relief Measures to assist Distressed Farmers Please refer to paragraph 119 of the Mid-term Review of Annual Policy Statement for the year 2006-07 (copy enclosed). 2. At present the benefits of OTS schemes are not available for farmers, whose accounts have earlier been rescheduled/converted
RBI/ 2006-07/ 174 RPCD.PLFS. BC. No. 32 /05.04.02/ 2006-07 November 13, 2006 The Chairman /Managing Director/ Chief Executive Officer All Scheduled Commercial Banks Dear Sir, Relief Measures to assist Distressed Farmers Please refer to paragraph 119 of the Mid-term Review of Annual Policy Statement for the year 2006-07 (copy enclosed). 2. At present the benefits of OTS schemes are not available for farmers, whose accounts have earlier been rescheduled/converted
Oct 18, 2006
Package of relief measures for the debt stressed farmers of 25 districts in the states of Andhra Pradesh, Karnataka & Kerala
RBI/2006-07/156 RPCD.PLFS.NO.BC. 31 / 05.04.02 /2006-07 October 18, 2006 The Chairman and Managing Director/Chief Executive Officers All Scheduled Commercial Banks. Dear Sir, Package of relief measures for the debt stressed farmers of 25 districts in the states of Andhra Pradesh, Karnataka & Kerala For mitigating the distress of farmers in the following 25 debt stressed districts of Andhra Pradesh, Karnataka and Kerala, the Union Government has approved a package
RBI/2006-07/156 RPCD.PLFS.NO.BC. 31 / 05.04.02 /2006-07 October 18, 2006 The Chairman and Managing Director/Chief Executive Officers All Scheduled Commercial Banks. Dear Sir, Package of relief measures for the debt stressed farmers of 25 districts in the states of Andhra Pradesh, Karnataka & Kerala For mitigating the distress of farmers in the following 25 debt stressed districts of Andhra Pradesh, Karnataka and Kerala, the Union Government has approved a package
Oct 13, 2006
Customer Service- Non issuance of passbooks to SB Account-holders (Individuals)-RRBs
RBI/2006-07/152 RPCD.CO.RRB.BC No. 29/03.05.28-A /2006-07 October 13, 2006 All Regional Rural Banks Dear Sir, Customer Service- Non issuance of passbooks to Savings Bank Account-holders (Individuals) As you are aware, a passbook is a ready reckoner of transactions and being handy and compact, is far more convenient to the small customer than a statement of account which has some inherent difficulties viz need of filing, tallying of opening balance with closing balance
RBI/2006-07/152 RPCD.CO.RRB.BC No. 29/03.05.28-A /2006-07 October 13, 2006 All Regional Rural Banks Dear Sir, Customer Service- Non issuance of passbooks to Savings Bank Account-holders (Individuals) As you are aware, a passbook is a ready reckoner of transactions and being handy and compact, is far more convenient to the small customer than a statement of account which has some inherent difficulties viz need of filing, tallying of opening balance with closing balance
Oct 11, 2006
Customer Service- Non issuance of passbooks to SB Account-holders (Individuals)-StCBs/DCCBs
RBI/2006-07/147 RPCD.CO.RF.BC 28/07.40.06/2006-07 October 11, 2006All State and District Central Co-operative Banks (StCBs/DCCBs)Dear Sir,Customer Service- Non issuance of passbooks to Savings Bank Account-holders (Individuals) As you are aware, a passbook is a ready reckoner of transactions and being handy and compact, is far more convenient to the small customer than a statement of account which has some inherent difficulties viz need of filing, tallying of opening
RBI/2006-07/147 RPCD.CO.RF.BC 28/07.40.06/2006-07 October 11, 2006All State and District Central Co-operative Banks (StCBs/DCCBs)Dear Sir,Customer Service- Non issuance of passbooks to Savings Bank Account-holders (Individuals) As you are aware, a passbook is a ready reckoner of transactions and being handy and compact, is far more convenient to the small customer than a statement of account which has some inherent difficulties viz need of filing, tallying of opening
Sep 22, 2006
Address, telephone number of the Branch in passbooks/statements of account
RBI/2006-07/134 RPCD.RF.BC. 26/07.40.06/2006-07September 22, 2006All State and District Central Co-operative BanksDear Sir, Address, telephone number of the Branch in passbooks/statements of accountIn order to improve the quality of service available to customers in branches, it would be useful if the address and telephone number of the branch are mentioned on the passbooks/statements of account. 2. Banks are, therefore, advised to ensure that full address and telepho
RBI/2006-07/134 RPCD.RF.BC. 26/07.40.06/2006-07September 22, 2006All State and District Central Co-operative BanksDear Sir, Address, telephone number of the Branch in passbooks/statements of accountIn order to improve the quality of service available to customers in branches, it would be useful if the address and telephone number of the branch are mentioned on the passbooks/statements of account. 2. Banks are, therefore, advised to ensure that full address and telepho
Sep 15, 2006
Address/Telephone Number of the Branch in Pass Books / Statement of Accounts-Regional Rural Banks (RRBs)
RBI/2006-07/128 RPCD.CO.RRB.BC.No./25/03.05.28A/2006-07 September 15, 2006 The Chairmen Regional Rural Banks (RRBs)Dear SirAddress / Telephone Number of the Branch in Pass Books / Statement of Accounts-Regional Rural Banks (RRBs)In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. RRBs are therefore advised to ensure t
RBI/2006-07/128 RPCD.CO.RRB.BC.No./25/03.05.28A/2006-07 September 15, 2006 The Chairmen Regional Rural Banks (RRBs)Dear SirAddress / Telephone Number of the Branch in Pass Books / Statement of Accounts-Regional Rural Banks (RRBs)In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. RRBs are therefore advised to ensure t
Sep 04, 2006
Guidelines on Relief Measures to be extended by Banks in Areas Affected by Natural Calamities
RBI / 2006-07 / 120 RPCD.PLFS.No.BC. 21 /05.05.02/2006-07 September 04, 2006 Chairman & Managing Director/Chief Executive Officer All Scheduled Commercial Banks Dear Sir, Guidelines on Relief Measures to be extended by Banks in Areas Affected by Natural Calamities Please refer to paragraph 7(iii) of the Annex to our Circular RPCD.CO.PLFS.No.BC.16/05.04.02/ 2006-07 dated August 9, 2006, which deals with restructuring of existing loans of borrowers affected by natur
RBI / 2006-07 / 120 RPCD.PLFS.No.BC. 21 /05.05.02/2006-07 September 04, 2006 Chairman & Managing Director/Chief Executive Officer All Scheduled Commercial Banks Dear Sir, Guidelines on Relief Measures to be extended by Banks in Areas Affected by Natural Calamities Please refer to paragraph 7(iii) of the Annex to our Circular RPCD.CO.PLFS.No.BC.16/05.04.02/ 2006-07 dated August 9, 2006, which deals with restructuring of existing loans of borrowers affected by natur
Sep 01, 2006
Prime Minister's 15 Point Programme for the Welfare of Minorities-
RBI/2006-07/122 RPCD.SP.BC.No. 22 / 09.10.01 / 2006-07 Sept 1, 2006 The Chairman/ Managing Directors All Scheduled Commercial Banks Dear Sir, Prime Minister's 15 Point Programme for the Welfare of Minorities- Please refer to our Master Circular ref. RPCD.SP.BC.09/ 09.10.01/ 2006-07 dated July 5, 2006 regarding credit facilities to minority communities. In this connection, Government of India have recently finalised a new ' Prime Minister's 15- Point Programme for the
RBI/2006-07/122 RPCD.SP.BC.No. 22 / 09.10.01 / 2006-07 Sept 1, 2006 The Chairman/ Managing Directors All Scheduled Commercial Banks Dear Sir, Prime Minister's 15 Point Programme for the Welfare of Minorities- Please refer to our Master Circular ref. RPCD.SP.BC.09/ 09.10.01/ 2006-07 dated July 5, 2006 regarding credit facilities to minority communities. In this connection, Government of India have recently finalised a new ' Prime Minister's 15- Point Programme for the
Aug 25, 2006
StCBs/DCCBs-‘WI' transactions in Central Government Securities - accounting and related aspects
RBI/2006-07/119 RPCD. RF.BC.19/07.02.03/2006-07 August 25, 2006 All State and District Central Co-operative Banks (StCBs/DCCBs) (NDS-OM Members) Dear Sir, ‘When Issued’ transactions in Central Government Securities – accounting and related aspects Please refer to our Internal Debt Management Department’s Circular No. IDMD. 3426/ 11.01.01 (D)/ 2005-06 dated May 3, 2006 (available on RBI web-site www.rbi.org.in) allowing all Negotiated Dealing System- Order Matching (ND
RBI/2006-07/119 RPCD. RF.BC.19/07.02.03/2006-07 August 25, 2006 All State and District Central Co-operative Banks (StCBs/DCCBs) (NDS-OM Members) Dear Sir, ‘When Issued’ transactions in Central Government Securities – accounting and related aspects Please refer to our Internal Debt Management Department’s Circular No. IDMD. 3426/ 11.01.01 (D)/ 2005-06 dated May 3, 2006 (available on RBI web-site www.rbi.org.in) allowing all Negotiated Dealing System- Order Matching (ND
Aug 24, 2006
Bank Credit to Khadi and Village Industries (KVI) Sector
RBI/2006-07/116 RPCD.PLNFS.BC. No.18/06.06.12 (D)/2006-07 August 24, 2006 The Chairman/Managing Director /Chief Executive Officer All Scheduled Commercial Banks (including RRBs & LABs) Dear Sir, Bank Credit to Khadi and Village Industries (KVI) Sector Please refer to our circulars RPCD.PLNFS.BC.No.16/06.06.12 (D)/94-95 dated July 28, 1994 and RPCD.PLNFS.No.620/06.02.28(i)/2002-03 dated September 11, 2003 respectively advising all Scheduled Commercial Banks to reco
RBI/2006-07/116 RPCD.PLNFS.BC. No.18/06.06.12 (D)/2006-07 August 24, 2006 The Chairman/Managing Director /Chief Executive Officer All Scheduled Commercial Banks (including RRBs & LABs) Dear Sir, Bank Credit to Khadi and Village Industries (KVI) Sector Please refer to our circulars RPCD.PLNFS.BC.No.16/06.06.12 (D)/94-95 dated July 28, 1994 and RPCD.PLNFS.No.620/06.02.28(i)/2002-03 dated September 11, 2003 respectively advising all Scheduled Commercial Banks to reco
Aug 11, 2006
Penalties on Default in Maintenance of CRR
RBI/2006-2007/107 RPCD. RF. BC.17/07.02.01/2006-07 August 11, 2006 All Scheduled State Co-operative Banks and Regional Rural Banks Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 - Penalties on default in maintenance of Cash Reserve Ratio (CRR) Please refer to our circular RBI/2005-2006/424 RPCD.RF.BC.93/07.02.01/2005-2006 dated June 22, 2006 on the captioned subject, wherein it was advised that the Reserve Bank will not be paying any interest on the CRR b
RBI/2006-2007/107 RPCD. RF. BC.17/07.02.01/2006-07 August 11, 2006 All Scheduled State Co-operative Banks and Regional Rural Banks Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 - Penalties on default in maintenance of Cash Reserve Ratio (CRR) Please refer to our circular RBI/2005-2006/424 RPCD.RF.BC.93/07.02.01/2005-2006 dated June 22, 2006 on the captioned subject, wherein it was advised that the Reserve Bank will not be paying any interest on the CRR b
Aug 09, 2006
Guidelines on Relief Measures to be extended by Banks in Areas Affected by Natural Calamities
RBI/2006-07/105 RPCD.CO.PLFS.No.BC 16/05.04.02/2006-07 August 09, 2006 Chairman & Managing Director/ Chief Executive Officer All Scheduled Commercial Banks. Dear Sir, Guidelines on Relief Measures to be extended by Banks in Areas Affected by Natural Calamities As you are aware, Reserve Bank of India has from time to time issued guidelines/instructions to banks in regard to relief measures to be provided in areas affected by natural calamities and these have been i
RBI/2006-07/105 RPCD.CO.PLFS.No.BC 16/05.04.02/2006-07 August 09, 2006 Chairman & Managing Director/ Chief Executive Officer All Scheduled Commercial Banks. Dear Sir, Guidelines on Relief Measures to be extended by Banks in Areas Affected by Natural Calamities As you are aware, Reserve Bank of India has from time to time issued guidelines/instructions to banks in regard to relief measures to be provided in areas affected by natural calamities and these have been i
Aug 07, 2006
Providing Clearing and Settlement services for internet based electronic purse schemes
RBI/2006-07/100 RPCD.RF.BC. 14/07.40.06/2006-07 August 7, 2006 All State and District Central Co-operative Banks Dear Sir, Providing Clearing and Settlement services for internet based electronic purse schemes It has come to our notice that some companies have launched internet based electronic purse schemes with the following features: (i) Any individual who wishes to be a member of the scheme can register himself by going to the website and filing up a simple form w
RBI/2006-07/100 RPCD.RF.BC. 14/07.40.06/2006-07 August 7, 2006 All State and District Central Co-operative Banks Dear Sir, Providing Clearing and Settlement services for internet based electronic purse schemes It has come to our notice that some companies have launched internet based electronic purse schemes with the following features: (i) Any individual who wishes to be a member of the scheme can register himself by going to the website and filing up a simple form w
Aug 07, 2006
Providing Clearing and Settlement services for internet based electronic purse schemes
RBI/2006-07/101 RPCD.RRB.BC 15/03.05.33/06-07 August 7, 2006 All Regional Rural Banks Dear Sir, Providing Clearing and Settlement services for internet based electronic purse schemes It has come to our notice that some companies have launched internet based electronic purse schemes with the following features: (i) Any individual who wishes to be a member of the scheme can register himself by going to the website and filing up a simple form which contains only his / he
RBI/2006-07/101 RPCD.RRB.BC 15/03.05.33/06-07 August 7, 2006 All Regional Rural Banks Dear Sir, Providing Clearing and Settlement services for internet based electronic purse schemes It has come to our notice that some companies have launched internet based electronic purse schemes with the following features: (i) Any individual who wishes to be a member of the scheme can register himself by going to the website and filing up a simple form which contains only his / he
Aug 03, 2006
Formation of new district in Punjab - Assignment of Lead Bank responsibility
RBI/2006-07/099 RPCD.CO.LBS.BC.No. 13 /02.08.01/2006-07 August 3, 2006 The Chairman All Lead Banks Dear Sir, Formation of new district in Punjab – Assignment of Lead Bank responsibility The Department of Revenue and Rehabilitation, Government of Punjab vide their Gazette Notification No.1/4/06-RE-II(1)/5545 dated June 08, 2006 have advised about the formation of new district viz. Tarn Taran covering three tehsils, viz Tarn Taran Tehsil (200 villages), Khadoor Sahib Te
RBI/2006-07/099 RPCD.CO.LBS.BC.No. 13 /02.08.01/2006-07 August 3, 2006 The Chairman All Lead Banks Dear Sir, Formation of new district in Punjab – Assignment of Lead Bank responsibility The Department of Revenue and Rehabilitation, Government of Punjab vide their Gazette Notification No.1/4/06-RE-II(1)/5545 dated June 08, 2006 have advised about the formation of new district viz. Tarn Taran covering three tehsils, viz Tarn Taran Tehsil (200 villages), Khadoor Sahib Te
Jul 17, 2006
Package of Relief Measures to the Vidarbha Region in Maharashtra
RBI/ 2006-07/ 74 RPCD.PLFS. BC. No. 12 /05.04.02 (Vidarbha)/ 2006-07 July 17, 2006 The Chairman/Managing Director/ Chief Executive Officer, Commercial Banks operating in Vidarbha Region. Dear Sir, Package of Relief Measures to the Vidarbha Region in Maharashtra In order to mitigate distress of farmers in the six debt-ridden districts of Vidarbha, the H
RBI/ 2006-07/ 74 RPCD.PLFS. BC. No. 12 /05.04.02 (Vidarbha)/ 2006-07 July 17, 2006 The Chairman/Managing Director/ Chief Executive Officer, Commercial Banks operating in Vidarbha Region. Dear Sir, Package of Relief Measures to the Vidarbha Region in Maharashtra In order to mitigate distress of farmers in the six debt-ridden districts of Vidarbha, the H
Jun 26, 2006
StCBs/DCBs advised to adhere to National Building Code Specifications
RBI/2005-06/429 RPCD.RF.BC. 95/07.40.06/2005-06 June 26, 2006 All State and District Central Co-operative Banks Dear Sir, Adherence to National Building Code (NBC)- specifications necessary for lending Institutions Bureau of Indian Standards (BIS) has formulated a comprehensive building Code namely National Building Code (NBC) of India 2005, providing guidelines for regulating the building construction activities across the country. The Code contains all the important
RBI/2005-06/429 RPCD.RF.BC. 95/07.40.06/2005-06 June 26, 2006 All State and District Central Co-operative Banks Dear Sir, Adherence to National Building Code (NBC)- specifications necessary for lending Institutions Bureau of Indian Standards (BIS) has formulated a comprehensive building Code namely National Building Code (NBC) of India 2005, providing guidelines for regulating the building construction activities across the country. The Code contains all the important
Jun 22, 2006
StcBs / RRBs - Section 42(1) of Reserve Bank of India Act, 1934 - Maintenance of CRR
RBI/2005-2006/424 RPCD.RF.BC. 93/07.02.01/2005-2006 June 22, 2006 All Scheduled State Co-operative Banks (StCBs) and Regional Rural Banks (RRBs) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934 – Maintenance of CRR Please refer to our Circular RPCD.RF.BC.No 32/07.02.05/2004-2005 dated September 11, 2004. 2. The Reserve Bank of India (Amendment) Bill, 2006 has been enacted and has come into force with effect from June 22, 2006, with its notificati
RBI/2005-2006/424 RPCD.RF.BC. 93/07.02.01/2005-2006 June 22, 2006 All Scheduled State Co-operative Banks (StCBs) and Regional Rural Banks (RRBs) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934 – Maintenance of CRR Please refer to our Circular RPCD.RF.BC.No 32/07.02.05/2004-2005 dated September 11, 2004. 2. The Reserve Bank of India (Amendment) Bill, 2006 has been enacted and has come into force with effect from June 22, 2006, with its notificati
Jun 22, 2006
StcBs / RRBs - Maintenance of CRR on Exempted Categories
RBI/2005-2006/425 RPCD.RF.BC. 94/07.02.01/2005-2006 June 22, 2006 All Scheduled State Co-operative Banks (StCBs) and Regional Rural Banks (RRBs) Dear Sir, Maintenance of CRR on Exempted Categories Please refer to our Circulars RPCD.No.RF.BC 49/07.02.05/2001-02 dated December 31, 2001 (addressed to all Scheduled State Co-operative Banks), RPCD.No.RF.BC 50/07.02.05/2001-02 dated December 31, 2001 (addressed to all Regional Rural Banks) and RPCD.CO.RF.BC.53/07.02.01/2005
RBI/2005-2006/425 RPCD.RF.BC. 94/07.02.01/2005-2006 June 22, 2006 All Scheduled State Co-operative Banks (StCBs) and Regional Rural Banks (RRBs) Dear Sir, Maintenance of CRR on Exempted Categories Please refer to our Circulars RPCD.No.RF.BC 49/07.02.05/2001-02 dated December 31, 2001 (addressed to all Scheduled State Co-operative Banks), RPCD.No.RF.BC 50/07.02.05/2001-02 dated December 31, 2001 (addressed to all Regional Rural Banks) and RPCD.CO.RF.BC.53/07.02.01/2005
Jun 22, 2006
RRBs advised to adhere to National Building Code Specifications
RBI/2005-06/420 RPCD.CO.No.RRB.BC.92/03.05.33/2005-06 June 22, 2006 The Chairman All Regional Rural Banks Dear Sir, Adherence to National Building Code (NBC) specifications necessary for lending Institutions Bureau of Indian Standards (BIS) has formulated a comprehensive building Code namely National Building Code (NBC) of India 2005, providing guidelines for regulating the building construction activities across the country. The Code contains all the important aspect
RBI/2005-06/420 RPCD.CO.No.RRB.BC.92/03.05.33/2005-06 June 22, 2006 The Chairman All Regional Rural Banks Dear Sir, Adherence to National Building Code (NBC) specifications necessary for lending Institutions Bureau of Indian Standards (BIS) has formulated a comprehensive building Code namely National Building Code (NBC) of India 2005, providing guidelines for regulating the building construction activities across the country. The Code contains all the important aspect
Jun 15, 2006
PMRY- Cut-Off date for lapsing of sanction and completion of disbursement of loans for the programme year 2005-06 - Further extension regarding
RBI / 2005-06/415 RPCD.PLNFS.BC.No. 91/ 09.04.01/ 2005 –2006 June 15, 2006 The Chairman / Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, PMRY– Cut-Off date for lapsing of sanction and completion of disburse- ment of loans for the programme year 2005-06 – Further extension regarding Please refer our circular RBI / 2005-06 / 336/ RPCD.PLNFS.BC.No.70/ 09.04.01 /2005 –2006 dated March 24, 2006. Considering the request of certain States
RBI / 2005-06/415 RPCD.PLNFS.BC.No. 91/ 09.04.01/ 2005 –2006 June 15, 2006 The Chairman / Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, PMRY– Cut-Off date for lapsing of sanction and completion of disburse- ment of loans for the programme year 2005-06 – Further extension regarding Please refer our circular RBI / 2005-06 / 336/ RPCD.PLNFS.BC.No.70/ 09.04.01 /2005 –2006 dated March 24, 2006. Considering the request of certain States
Jun 13, 2006
RRBs - Branch Licensing Policy Liberalised
RBI/2005-06/409 RPCD.CO.RRB.No.BL.BC.90/03.05.90-A/2005-06 June 13, 2006 The Chairmen All Regional Rural Banks/Sponsor Banks Dear Sir, Annual Policy Statement for the year 2006-07 – Liberalisation and simplification of the branch licensing policy for Regional Rural Banks (RRBs) and conduct of foreign exchange business by them as limited authorised dealers Please refer to paragraph 151 of the Annual Policy Statement for the year 2006-07, announced on April 18, 2006 (ex
RBI/2005-06/409 RPCD.CO.RRB.No.BL.BC.90/03.05.90-A/2005-06 June 13, 2006 The Chairmen All Regional Rural Banks/Sponsor Banks Dear Sir, Annual Policy Statement for the year 2006-07 – Liberalisation and simplification of the branch licensing policy for Regional Rural Banks (RRBs) and conduct of foreign exchange business by them as limited authorised dealers Please refer to paragraph 151 of the Annual Policy Statement for the year 2006-07, announced on April 18, 2006 (ex
Jun 07, 2006
Assignment Lead Bank responsibility for new district in Punjab
RBI/2005-06/402 RPCD.CO.LBS.BC.No.89/02.08.01/2005-06 June 07, 2006 The Chairman All Lead Banks Dear Sir, Formation of new district in Punjab – Assignment of Lead Bank responsibility The Department of Revenue and Rehabilitation, Government of Punjab vide their Gazette Notification No. 2/7/98-RE-II(I)3336 dated April 5, 2006 have advised about the formation of new district viz. Sahibzada Ajit Singh Nagar covering three tehsils, viz Kharar Tehsil (200 villages), Mohali
RBI/2005-06/402 RPCD.CO.LBS.BC.No.89/02.08.01/2005-06 June 07, 2006 The Chairman All Lead Banks Dear Sir, Formation of new district in Punjab – Assignment of Lead Bank responsibility The Department of Revenue and Rehabilitation, Government of Punjab vide their Gazette Notification No. 2/7/98-RE-II(I)3336 dated April 5, 2006 have advised about the formation of new district viz. Sahibzada Ajit Singh Nagar covering three tehsils, viz Kharar Tehsil (200 villages), Mohali
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