Regulating Commercial Banking

RBI/2013-14/638 UBD.BPD.Cir.No. 71/12.09.000/2013-14 June 11, 2014 The Chief Executive Officer All Primary (Urban) Co-operative Banks Introduction of Information System(IS) Audit for Urban Cooperative Banks Please refer to our circular UBD No.POT.PCB.30/09.96.00/2001-02 dated February 12, 2002 advising UCBs to introduce EDP audit system on perpetual basis. It is observed that since then some of the UCBs have adopted technology and have been offering electronic banking

RBI/2013-14/637 UBD.BPD.Cir.No. 70/13.03.000/2013-14 June 11, 2014 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam Need for bank branches/ATMs to be made Accessible to persons with disabilities Please refer to our circular UBD.CO.BPD.(PCB) Cir. No.63/9.39.000/2008-09 dated April 29, 2009 on the captioned subject, wherein banks were advised to provide, inter alia, ramps in all existing and future ATMs, and make at least one third of

RBI/2013-14/634 DBOD.AML.BC. No. 119/14.01.001/2013-14 June 9, 2014 The Chairperson/CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir/ Madam, Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) /Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 – Clarification on Proof of Address Please refer to paragraph 2.4 (h), (i),

RBI/2013-14/628 UBD.BPD.(PCB).Cir.No. 68/16.26.000/2013-14 June 5, 2014 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir/Madam, The Banking Laws (Amendment) Act 2012 – Amendments to Section 18 & 24 of Banking Regulation (B.R.) Act, 1949 (AACS) – Maintenance of Cash Reserve Ratio (CRR) for Non-Scheduled UCBs and Statutory Liquidity Ratio (SLR) for UCBs Pursuant to the enactment of the Banking Laws (Amendment) Act, 2012, giving powers to R

RBI/2013-14/622 DBOD.Ret.BC.117/12.02.001/2013-14 June 03, 2014 All Scheduled Commercial Banks and Local Area Banks (Excluding Regional Rural Banks) Dear Sir, Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR) Please refer to our circulars DBOD.Ret.BC.33/12.02.001/2012-13 dated July 31, 2012 and DBOD.Ret.BC.48/12.02.001/2012-13 dated September 28, 2012 on the captioned subject. 2. As announced in the Second Bi-Monthly Monet

RBI/2013-14/620 DBOD.No.BP.BC.116/21.06.200/2013-14 June 3, 2014 The Chairman and Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Capital and Provisioning Requirements for Exposures to entities with Unhedged Foreign Currency Exposure-Clarifications Please refer to our circular DBOD.No. BP.BC. 85/21.06.200/2013-14 dated January 15, 2014 detailing guidelines on capital and provisioning requirements for exposu

RBI/2013-14/619 UBD. CO. BPD. PCB. Cir. No. 67/09.50.001/2013-14 May 30, 2014 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Madam/ Dear Sir, Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961-UCBs It has been observed that some banks are not creating deferred tax liability (DTL) on Special Reserve as per Accounting Standard 22: 'Accounting for taxes on Income' (AS 22) on the ground that the

RBI/2013-14/615 UBD.CO.BPD.(PCB) Cir No. 66/13.05.000/2013-14 May 28, 2014 The Chief Executive Officers All Primary (Urban) Co-operative Banks Madam / Dear Sir, Lending to Public Sector Undertakings It has been observed that a few Urban Cooperative Banks (UCBs) have been sanctioning high value loans to Public Sector Undertakings (PSUs) by admitting them as nominal members or otherwise. 2. As you are aware, UCBs are meant primarily to meet the credit needs of the socie

RBI/2013-14/614 DBOD.No.DEAF Cell.BC.114/30.01.002/2013-14 May 27, 2014 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs and LABs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks. Dear Sir/Madam, The Depositor Education and Awareness Fund Scheme, 2014 –Section 26A of Banking Regulation Act, 1949- Operational Guidelines Please refer to circular DBOD.No.DEAF Cell.BC.101

RBI/2013-14/607 UBD.CO.BPD.PCB.Cir. No. 65/09.69.000/2013-14 May 27, 2014 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, Issue of Pre-paid Payment Instruments-UCBs Please refer to circular UBD (PCB) BPD Cir No.50/09.69.000/2005-06 dated April 28, 2006 permitting Urban Cooperative Banks (UCBs) to install ATMs and issue ATM-cum-Debit Cards. 2. We have been receiving requests from a few UCBs to allow them to undertake Credit / Pr