Regulating Co-operative Banking

RBI/2013-14/202 UBD CO BPD PCB Cir.No.4/16.74.000/2013-14 August 27, 2013 The Chief Executive Officer All Primary Urban Co-operative Banks Dear Sir / Madam, Compliance with Credit Information Companies (Regulation) Act, 2005 Please refer to circular UBD BPD (PCB) Cir.No.25/09.11.200/2009-10 dated December 3, 2009 in terms of which it was advised that as UCBs fall under the category of credit institutions as defined in sub section (f) of Section 2 of the Credit Informa

RBI/2013-14/195 UBD.BPD.AD.CIR.No. 2/13.01.000/2013-14 August 21, 2013 The Chief Executive Officers All AD Category -1 UCBs Dear Sir/Madam, Interest Rates on FCNR(B) Deposits Please refer to our circular No. UBD.BPD.AD.CIR.No.7/13.01.000/2011-12 dated May 17, 2012 on Interest Rates on Deposits held in FCNR(B) Accounts. In view of the prevailing market conditions, it has been decided that with effect from the close of business in India as on August 14, 2013, the intere

RBI/2013-14/167 UBD.BPD (PCB) Cir. No. 2 /14.01.062/2013-14 July 31, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir, Know Your Customer (KYC)/Anti Money Laundering (AML) Standards/Combating Financing of Terrorism (CFT)/ Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 – Simplifying norms for Periodical Updation of KYC - Primary (Urban) Co-operative Banks (UCBs) Please refer to paragraph 2.4 (d) of our Master c

RBI/2013-14/159 UBD.BPD. (SCB). CIR. No. 1 /12.03.000/2013-14 July 24, 2013 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Madam/Dear Sir, Section 42(1) of the @@NBSP@@Reserve Bank of India Act, 1934 – Change in Daily Minimum Cash Reserve Maintenance Requirement Please refer to Press Release 2013-2014/154 dated July 23, 2013, announcing additional measures to address foreign exchange market volatility. 2. As mentioned therein, current

RBI/2013-2014/128 UBD.BPD(AD).Cir.No.1/14.01.062/2013-14 July 9, 2013 The Chief Executive Officer All AD Category I Primary (Urban) Co-operative Banks Madam/Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) – Standards – Primary (Urban) Co-operative Banks Please refer to our circular UBD.BPD (AD)Cir.No.3/14.01.062/2012-13 dated April 4, 2013 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financial Ac

RBI/2012-13/531 UBD.CO.BPD. (PCB). Cir. No. 55/12.05.001/2012-13 June 13, 2013 Chief Executive Officers All Primary Urban Co-operative Banks Madam/Dear Sir Fraud Monitoring Cell of Reserve Bank of India, to function from Bengaluru from July 1, 2013 Please refer to the Press Release No. 2012-2013/2045 dated June 5, 2013 hosted on the RBI website. 2. It would be observed that the Fraud Monitoring Cell attached to the Department of Banking Supervision, Central Office (DB

RBI 2012-13/533 UBD CO BPD (PCB) Cir. No. 56 /12.05.001/2012-13 June 13, 2013 Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Frauds- Classification and Reporting System Please refer to our Master Circular UBD.CO.BPD. (PCB) MC No. 17/12.05.001/2012-13 dated July 02, 2012 on the captioned subject. 2. As per para 3.3.1 of the above Master Circular, the cases of individual frauds involving amounts of Rs.25.00 lakh and above should be repo

RBI/2012-2013/525 UBD.BPD. (SCB). Cir.No. 4 /16.20.000/2012-13 June 10, 2013 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Madam/Dear Sir, Ready Forward Contracts in Corporate Debt Securities Please refer to paragraph 77 of the Second Quarter Review of Monetary Policy 2012-13 (extract enclosed) and circular No.IDMD.PCD.1423/14.03.02/2012-13 dated October 30, 2012 (copy enclosed) in terms of which it has been decided to permit Schedul

RBI/2012-13/523 UBD.BPD (PCB) Cir. No. 54/14.01.062/2012-13 June 6, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam/Dear Sir, Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Guidelines - Unique Customer Identification Code (UCIC) for banks’ customers in India – Primary (Urban) Co-operative Banks Please refer to our circular UBD.BPD (PCB) Cir. No. 14/ 14.01.062/2012-13 October 9, 2012 on the c

RBI/2012-13/519 UBD.BPD. (AD) Cir.No.4/13.05.000/2012-13 June@@NBSP@@ 4 , 2013 The Chief Executive Officer Scheduled Primary (Urban) Co-operative Banks (holding AD Category I licence) Dear Sir/Madam Interest Rates on Rupee Export Credit -UCBs Please refer to our circular UBD.BPD.(AD).Cir.No.2/13.05.000/2012-13 dated January 22, 2013 on the captioned subject, extending the interest subvention of 2% up to @@NBSP@@March 31, 2014 on pre and post shipment rupee export cred