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Apr 15, 2008
Self Employment Scheme for Rehabilitation of Manual Scavengers
RBI/ 2007-2008/ 283RPCD.SP. BC. No 57/09.03.01/2007-08April 15, 2008The Chairman/ Managing Director All Indian Public Sector banks (Excluding RRBs)Dear Sir,New " Self Employment Scheme for Rehabilitation of Manual Scavengers" (SRMS) from the Ministry of Social Justice & Empowerment for rehabilitation of all the remaining scavengers and their dependents by March 2009As you are aware, the National Scheme for Liberation and Rehabilitation of Scavengers (NSLRS) is bei
RBI/ 2007-2008/ 283RPCD.SP. BC. No 57/09.03.01/2007-08April 15, 2008The Chairman/ Managing Director All Indian Public Sector banks (Excluding RRBs)Dear Sir,New " Self Employment Scheme for Rehabilitation of Manual Scavengers" (SRMS) from the Ministry of Social Justice & Empowerment for rehabilitation of all the remaining scavengers and their dependents by March 2009As you are aware, the National Scheme for Liberation and Rehabilitation of Scavengers (NSLRS) is bei
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Apr 15, 2008
Total Financial Inclusion and Credit Requirement of SHGs
RBI/2007-2008/282RPCD. MFFI. BC.No.56 / 12.01.001/ 2007-08April 15, 2008The Chairman/ Managing Director/Chief Executive Officer All Scheduled Commercial BanksDear Sir,Total Financial Inclusion and Credit Requirement of SHGs Please refer to our Master Circular on Micro Credit RPCD. MFFI. BC.No.08 / 12.01.001/ 2007-08 dated July 2, 2007 wherein it has been stated, inter alia, that such credit should cover not only consumption and production loans for various farm and no
RBI/2007-2008/282RPCD. MFFI. BC.No.56 / 12.01.001/ 2007-08April 15, 2008The Chairman/ Managing Director/Chief Executive Officer All Scheduled Commercial BanksDear Sir,Total Financial Inclusion and Credit Requirement of SHGs Please refer to our Master Circular on Micro Credit RPCD. MFFI. BC.No.08 / 12.01.001/ 2007-08 dated July 2, 2007 wherein it has been stated, inter alia, that such credit should cover not only consumption and production loans for various farm and no
Apr 10, 2008
Differential Rate of Interest Scheme- Revision of the income limits
RBI/2007-2008/279 RPCD. SP. BC. No 55 / 09. 07. 01/ 2007-08 April, 10, 2008 The Chairman / Managing Directors Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Differential Rate of Interest Scheme- Revision of the income limits Please refer to our circular ref. RPCD.SP. BC. No. 101/ 09.07.01/2006-07 dated June 13, 2007 intimating the revised loan limits of the captioned scheme being presently implemented by all scheduled commercial banks. 2. In para 95 of t
RBI/2007-2008/279 RPCD. SP. BC. No 55 / 09. 07. 01/ 2007-08 April, 10, 2008 The Chairman / Managing Directors Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Differential Rate of Interest Scheme- Revision of the income limits Please refer to our circular ref. RPCD.SP. BC. No. 101/ 09.07.01/2006-07 dated June 13, 2007 intimating the revised loan limits of the captioned scheme being presently implemented by all scheduled commercial banks. 2. In para 95 of t
Apr 01, 2008
Formation of new district in Rajasthan - Assignment of Lead Bank responsibility
RBI/2007-08/271 RPCD.CO.LBS.BC.No. 53 /02.08.01/2007-08 The Chairman All Lead Banks April 01, 2008 Dear Sir, Formation of new district in Rajasthan – Assignment of Lead Bank responsibility The Revenue (Group-1) Department, Government of Rajasthan, Jaipur vide their Gazette Notification No. P 9(17)RJ-1/07/3 dated January 25, 2008 have advised us about the formation of new district viz. Pratapgarh by carving out of the existing Chittorgarh, Banswara and Udaipur district
RBI/2007-08/271 RPCD.CO.LBS.BC.No. 53 /02.08.01/2007-08 The Chairman All Lead Banks April 01, 2008 Dear Sir, Formation of new district in Rajasthan – Assignment of Lead Bank responsibility The Revenue (Group-1) Department, Government of Rajasthan, Jaipur vide their Gazette Notification No. P 9(17)RJ-1/07/3 dated January 25, 2008 have advised us about the formation of new district viz. Pratapgarh by carving out of the existing Chittorgarh, Banswara and Udaipur district
Apr 01, 2008
PMRY - 2007-08 - cut-off date for sanction/disbursement of loans extended
RBI / 2007-08/ 272 RPCD.PLNFS.BC.No. 54 / 09.04.01/ 2007 – 2008 April 01, 2008 The Chairman / Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, PMRY- Cut-off date for lapsing of sanction and completion of disbursement of loans in cases sanctioned for the programme year 2007-08 – regarding further extension. Despite being clearly mandated in the ‘Quarterly Schedule’ of the programme year 2007-08 that, all sanctions and disbursements und
RBI / 2007-08/ 272 RPCD.PLNFS.BC.No. 54 / 09.04.01/ 2007 – 2008 April 01, 2008 The Chairman / Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, PMRY- Cut-off date for lapsing of sanction and completion of disbursement of loans in cases sanctioned for the programme year 2007-08 – regarding further extension. Despite being clearly mandated in the ‘Quarterly Schedule’ of the programme year 2007-08 that, all sanctions and disbursements und
Mar 27, 2008
Formation of new district in Gujarat - Assignment of Lead Bank Responsibility
RBI/2007-08/267 RPCD.CO.LBS.BC.No. 52/02.08.01/2007-08 March 27, 2008 The Chairman & Managing Director, All Lead Banks Dear Sir, Formation of new district in Gujarat – Assignment of Lead Bank Responsibility The Revenue Department, Government of Gujarat, Gandhinagar vide their Gazzete Notification No. PFR/5207/MR 56/L.1 dated September 27, 2007 have advised about the formation of new district viz. Tapi covering Vyara, Songadh, Uchchal, Nizar, and Valod talukas carv
RBI/2007-08/267 RPCD.CO.LBS.BC.No. 52/02.08.01/2007-08 March 27, 2008 The Chairman & Managing Director, All Lead Banks Dear Sir, Formation of new district in Gujarat – Assignment of Lead Bank Responsibility The Revenue Department, Government of Gujarat, Gandhinagar vide their Gazzete Notification No. PFR/5207/MR 56/L.1 dated September 27, 2007 have advised about the formation of new district viz. Tapi covering Vyara, Songadh, Uchchal, Nizar, and Valod talukas carv
Feb 28, 2008
StCBs/DCCBs - KYC Norms / AML Standards / Combating of Financing of Terrorism
RBI /2007- 2008 /250RPCD.CO.RF.AML.BC. No.51/ 07.40.00/ 2007- 08February 28, 2008 Phalguna 9 Saka (1929)All State and District Central Co-operative Banks Dear Sir,Know Your Customer (KYC) Norms / Anti-Money Laundering (AML)Standards / Combating of Financing of Terrorism (CFT)Banks have been advised vide our circular RPCD.AML.BC.No.80/07.40.00/ 2004-05 dated February 18, 2005 that the adoption of customer acceptance policy and its implementation should not result in de
RBI /2007- 2008 /250RPCD.CO.RF.AML.BC. No.51/ 07.40.00/ 2007- 08February 28, 2008 Phalguna 9 Saka (1929)All State and District Central Co-operative Banks Dear Sir,Know Your Customer (KYC) Norms / Anti-Money Laundering (AML)Standards / Combating of Financing of Terrorism (CFT)Banks have been advised vide our circular RPCD.AML.BC.No.80/07.40.00/ 2004-05 dated February 18, 2005 that the adoption of customer acceptance policy and its implementation should not result in de
Feb 27, 2008
RRBs - KYC Norms / AML Standards / Combating of Financing of Terrorism
RBI/2007-2008 /248 RPCD.CO.RRB.No. BC. 50 /03.05.33 (E)/2007-08February 27, 2008The Chairmen of all Regional Rural Banks Dear Sir Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT)- RRBs Regional Rural Banks (RRBs) have been advised, vide our circular RPCD.CO.RRB.No.BC.81 /03.05.33 (E)/2004-05 dated February 18, 2005, that adoption of customer acceptance policy and its implementation should not result in
RBI/2007-2008 /248 RPCD.CO.RRB.No. BC. 50 /03.05.33 (E)/2007-08February 27, 2008The Chairmen of all Regional Rural Banks Dear Sir Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT)- RRBs Regional Rural Banks (RRBs) have been advised, vide our circular RPCD.CO.RRB.No.BC.81 /03.05.33 (E)/2004-05 dated February 18, 2005, that adoption of customer acceptance policy and its implementation should not result in
Feb 19, 2008
Guidelines for Relief Measures by Banks to Poultry Industry (2008)
RBI/2007-08/240 RPCD. PLFS. BC. No. 48 /05.04.02/ 2007-08 February 19, 2008 The Chairman/Managing Director/ Chief Executive Officer All Scheduled Commercial Banks@@NBSP@@ Dear Sir, Guidelines for Relief Measures by Banks to Poultry Industry@@NBSP@@(2008) As you are aware, there have been instances of outbreak of Avian Influenza (bird flu) in some areas of the country.@@NBSP@@@@NBSP@@ Keeping in view the loss of income that has occurred due to culling of birds as well
RBI/2007-08/240 RPCD. PLFS. BC. No. 48 /05.04.02/ 2007-08 February 19, 2008 The Chairman/Managing Director/ Chief Executive Officer All Scheduled Commercial Banks@@NBSP@@ Dear Sir, Guidelines for Relief Measures by Banks to Poultry Industry@@NBSP@@(2008) As you are aware, there have been instances of outbreak of Avian Influenza (bird flu) in some areas of the country.@@NBSP@@@@NBSP@@ Keeping in view the loss of income that has occurred due to culling of birds as well
Feb 19, 2008
Credit Facilities to Scheduled Castes/Scheduled Tribes- Revised Annexure
RBI/2007-2008/241RPCD.SP. BC. No 49 /09.09.01/ 2007-08@@NBSP@@February 19, 2008All Indian Scheduled Commercial BanksDear Sir,Credit Facilities to Scheduled Castes/Scheduled Tribes- Revised AnnexurePlease refer to our Master circular ref. RPCD. No.SP. BC. 2/ 09.09.01/ 2007-08 dated July 2, 2007 on the captioned subject. In this connection, we advise that guidelines on lending to priority sector has been revised vide RPCD.No.Plan.BC.84 /04.09.01/2006-07 dated April 30,2
RBI/2007-2008/241RPCD.SP. BC. No 49 /09.09.01/ 2007-08@@NBSP@@February 19, 2008All Indian Scheduled Commercial BanksDear Sir,Credit Facilities to Scheduled Castes/Scheduled Tribes- Revised AnnexurePlease refer to our Master circular ref. RPCD. No.SP. BC. 2/ 09.09.01/ 2007-08 dated July 2, 2007 on the captioned subject. In this connection, we advise that guidelines on lending to priority sector has been revised vide RPCD.No.Plan.BC.84 /04.09.01/2006-07 dated April 30,2
Jan 15, 2008
Formation of new district in Tamil Nadu - Assignment of Lead Bank responsibility
RBI/2007-2008/223 RPCD.CO.LBS.BC.No. 46 /02.08.01/2007-08 @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@ @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@ The Chairman All Lead Banks January 15, 2008 Dear Sir, Formation of new district in Tamil Nadu – Assignment of Lead Bank responsibility Revenue Department (RA1(1)), Governm
RBI/2007-2008/223 RPCD.CO.LBS.BC.No. 46 /02.08.01/2007-08 @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@ @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@ The Chairman All Lead Banks January 15, 2008 Dear Sir, Formation of new district in Tamil Nadu – Assignment of Lead Bank responsibility Revenue Department (RA1(1)), Governm
Jan 08, 2008
RRBs - Appropriation from Reserve Fund
RBI/2007-08/222 RPCD.CO.RRB.No.BC. 45 /03.05.98 /2007-08 January 8, 2008 The Chairmen All Regional Rural Banks Dear Sir, Section 17(2) of the Banking Regulation Act, 1949 – Appropriation from the Reserve Fund In terms of Section 17(2) read with Section 51 of the Banking Regulation Act, 1949, where a banking company appropriates any sum or sums from the reserve fund, it shall, within twenty–one days from the date of such appropriation, report the fact to the Reserve Ba
RBI/2007-08/222 RPCD.CO.RRB.No.BC. 45 /03.05.98 /2007-08 January 8, 2008 The Chairmen All Regional Rural Banks Dear Sir, Section 17(2) of the Banking Regulation Act, 1949 – Appropriation from the Reserve Fund In terms of Section 17(2) read with Section 51 of the Banking Regulation Act, 1949, where a banking company appropriates any sum or sums from the reserve fund, it shall, within twenty–one days from the date of such appropriation, report the fact to the Reserve Ba
Dec 28, 2007
Application of Capital Adequacy Norms to RRBs
RBI/2007- 2008/218RPCD.CO.RRB.No. BC.44 /05.03.095/2007-08December 28, 2007ChairmenAll Regional Rural BanksDear Sir Mid-Term Review of Annual Policy Statement forthe year 2007-08 -Application of Capital Adequacy norms to Regional Rural Banks Please refer to Paragraph 149 of the Mid-Term Review of Annual Policy Statement for the year 2007-08 (copy of the extract enclosed). At present, Regional Rural Banks (RRBs) are outside the Capital to Risk weighted Assets Ratio (CR
RBI/2007- 2008/218RPCD.CO.RRB.No. BC.44 /05.03.095/2007-08December 28, 2007ChairmenAll Regional Rural BanksDear Sir Mid-Term Review of Annual Policy Statement forthe year 2007-08 -Application of Capital Adequacy norms to Regional Rural Banks Please refer to Paragraph 149 of the Mid-Term Review of Annual Policy Statement for the year 2007-08 (copy of the extract enclosed). At present, Regional Rural Banks (RRBs) are outside the Capital to Risk weighted Assets Ratio (CR
Dec 14, 2007
Formation of two new districts in Karnataka - Assignment of Lead Bank responsibility
RBI/2007-2008/212RPCD.CO.LBS.BC.No. 43/02.08.01/2007-08December 14, 2007The ChairmanAll Lead BanksDear Sir, Formation of two new districts in Karnataka –Assignment of Lead Bank responsibility The Revenue Department, (LAQ/SSLR), Government of Karnataka vide their Gazette Notification No.RD 27 Bhudapu 2006(p-3) dated August 03, 2007 have advised about the formation of two new districts viz. Ramanagara and Chikkaballapura with effect from September 10, 2007 as indicated
RBI/2007-2008/212RPCD.CO.LBS.BC.No. 43/02.08.01/2007-08December 14, 2007The ChairmanAll Lead BanksDear Sir, Formation of two new districts in Karnataka –Assignment of Lead Bank responsibility The Revenue Department, (LAQ/SSLR), Government of Karnataka vide their Gazette Notification No.RD 27 Bhudapu 2006(p-3) dated August 03, 2007 have advised about the formation of two new districts viz. Ramanagara and Chikkaballapura with effect from September 10, 2007 as indicated
Dec 12, 2007
RRBs - Funds provided by Sponsor Banks/Commercial Banks
RBI/2007-08/209 RPCD.CO.Plan.BC.42/04.09.01/2007-08 December 12, 2007 The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (including Regional Rural Banks)] Dear Sir, Priority Sector Lending – Funds provided by sponsor banks/commercial banks to RRBs Please refer to our Master Circular No. RPCD.CO.Plan. BC. 5/04.09.01/2007-08 dated July 2, 2007 on Lending to Priority Sector. The issue of providing incentives to commercial banks/spons
RBI/2007-08/209 RPCD.CO.Plan.BC.42/04.09.01/2007-08 December 12, 2007 The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (including Regional Rural Banks)] Dear Sir, Priority Sector Lending – Funds provided by sponsor banks/commercial banks to RRBs Please refer to our Master Circular No. RPCD.CO.Plan. BC. 5/04.09.01/2007-08 dated July 2, 2007 on Lending to Priority Sector. The issue of providing incentives to commercial banks/spons
Dec 10, 2007
Lead Bank Scheme - Allocation of Lead Bank responsibility in respect of Anantnag, Budgam, Pulwana and Srinagar districts in J & K State on regular basis
RBI/2007-08/207 RPCD.CO.LBS.BC.No.41 /02.08.01/2007-08 December@@NBSP@@ 10, 2007 The 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 on regular basis Please refer to our Circular RPCD.CO.LBS.BC.No.59/02.08.01/2006-07 dated March 29, 2007 extending the period of transfer of Lead Bank responsibility in respect of Anantnag,
RBI/2007-08/207 RPCD.CO.LBS.BC.No.41 /02.08.01/2007-08 December@@NBSP@@ 10, 2007 The 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 on regular basis Please refer to our Circular RPCD.CO.LBS.BC.No.59/02.08.01/2006-07 dated March 29, 2007 extending the period of transfer of Lead Bank responsibility in respect of Anantnag,
Oct 18, 2007
Opening of Currency Chests by RRBs
RBI/2007-2008/162RPCD.CO. RRB. No. BC. 32 /03.05.33(C) / 2007-08October 18, 2007All Regional Rural Banks Dear SirOpening of Currency Chests by RRBs Please refer to item (3) of our circular RPCD.CO. RRB. No. BC.57 / 03.05.33 (F)/ 2005-06 dated December 27, 2005. In this connection, it has been decided that Regional Rural Banks fulfilling the following eligibility norms may henceforth apply for currency chest facility to the Regional Office concerned of the Department:
RBI/2007-2008/162RPCD.CO. RRB. No. BC. 32 /03.05.33(C) / 2007-08October 18, 2007All Regional Rural Banks Dear SirOpening of Currency Chests by RRBs Please refer to item (3) of our circular RPCD.CO. RRB. No. BC.57 / 03.05.33 (F)/ 2005-06 dated December 27, 2005. In this connection, it has been decided that Regional Rural Banks fulfilling the following eligibility norms may henceforth apply for currency chest facility to the Regional Office concerned of the Department:
Oct 15, 2007
Formation of new districts in Jammu & Kashmir State - Assignment of Lead Bank responsibility
RBI/2007-08/160 RPCD.CO.LBS.BC.No. 31/02.08.01/2007-08 October 15, 2007 The Chairman All 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.BC.No. 23/02.08.01/2007-08 dated September 12, 2007, about the assignment of Lead Bank responsibility on regular basis in eight newly created districts viz. Ganderbal, Bandipur, Shopian, Kulgam, Samba, Reas
RBI/2007-08/160 RPCD.CO.LBS.BC.No. 31/02.08.01/2007-08 October 15, 2007 The Chairman All 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.BC.No. 23/02.08.01/2007-08 dated September 12, 2007, about the assignment of Lead Bank responsibility on regular basis in eight newly created districts viz. Ganderbal, Bandipur, Shopian, Kulgam, Samba, Reas
Oct 11, 2007
Revised Guidelines on Lending to Priority Sector - Weaker Sections
RBI/2007-2008/159RPCD.CO.Plan.BC. 30 /04.09.01/2007-08October 11, 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 SectionsPlease refer to our circular RPCD.No.Plan.BC.10856/04.09.01/2006-07 dated May 18, 2007 on the above subject, advising the addition of clause (j) under paragraph 8 of Section I of the circular RPCD.No.Plan. BC.
RBI/2007-2008/159RPCD.CO.Plan.BC. 30 /04.09.01/2007-08October 11, 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 SectionsPlease refer to our circular RPCD.No.Plan.BC.10856/04.09.01/2006-07 dated May 18, 2007 on the above subject, advising the addition of clause (j) under paragraph 8 of Section I of the circular RPCD.No.Plan. BC.
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
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
Sep 21, 2007
Withdrawn
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 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 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
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 - 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 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 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
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 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 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
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