Regulating Co-operative Banking

RBI/2008-09/96 UBD.PCB.Cir.No.4 /09.18.201/08-09 @@NBSP@@July 15, 2008. The Chief Executive Officer of All Primary (Urban) Co-operative Banks. @@NBSP@@ Dear Sir/Madam, Instruments for Augmenting Capital Funds-UCBs @@NBSP@@Following the announcement in the Annual Policy Statement for the year 2006-07, the Reserve Bank constituted a Working Group (Chairman: Shri N.S.Vishwanathan) to examine the issues concerning raising of capital by UCBs and identifying alternate instr

RBI/2008-09/93 UBD.BPD (PCB) Cir No: 3 /12.05.001/2008-09 July 11, 2008 Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir Balances held by UCBs with IDBI Bank Limited- Treatment for CRR/SLR purpose- As you are aware, in terms of Section 18(1) (c) and 24(2) (a) of the B.R. Act, 1949 (AACS), net balance maintained in current account by the co-operative banks with the following banks are treated as cash for the purpose of CRR/SLR. i) State Bank

RBI/2008-09/89 UBD.PCB. Cir .No.2/13.05.000 /2008-09 July@@NBSP@@ 3, 2008 The Chief Executive Officer of All Primary (Urban) Co-op. Banks Dear Sir/Madam Union Budget -2008-09 – Agricultural Debt Waiver and Debt Relief Scheme,2008 Please refer to our Circular No. UBD.PCB. Cir. No. 58/13.05.000/2007-08 dated June 20, 2008 on the captioned subject. 2.The clarification provided against query No.33 in the above circular has been modified by@@NBSP@@ Govt. of India as under:

RBI/2008-2009/86 UBD. CO. BPD.(PCB) No.1/12.05.001/ 2008-09 July@@NBSP@@@@NBSP@@ 2, 2008 The Chief Executive Officers, All Primary (Urban) Co-operative Banks Dear Sir, Prevention of Money Laundering Act, 2002 – Obligation of banks in terms of Rules notified there under - UCBs Please refer to our circular UBD. CO. BPD. (PCB) No. 38 / 09.16.100/2005-06 dated March 21, 2006 on the captioned subject. In paragraphs 4 & 5 of the said circular, it was advised that banks

RBI/2008-09/60UBD CO Ret /MC No/ 15/12.03.000/2008-09July 01, 2008Chief Executive Officers of All Primary (Urban) Co-operative Banks@@NBSP@@Dear Sir,Master Circular Maintenance of Statutory ReservesCash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)The Reserve Bank of India has been periodically issuing instructions to primary (urban) co-operative banks (PCBs) regarding maintenance of Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) and matters re

RBI/2007-08/388 UBD.PCB.Cir.No. 58A/09.09.01/ 2007-08 June 30,2008. The Chief Executive Officer All Primary (Urban) Co-operative Bank Dear Sir/Madam, Priority Sector Lending –Revision of Reporting Formats-UCBs. Please refer to our circular UBD.PCB.Cir.No.11/09.09.01/ 2007-08 dated August 30, 2007 forwarding therewith revised guidelines for priority sector lending (PSL) by UCBs and the reporting formats (Statements I,Statement II and Statement III) there under for repo

RBI/2007-2008/386 Ref: UBD (PCB).No./6 /12.03.000/2007-08 June 26, 2008 The Chief Executive Officers of All Scheduled Primary (Urban) 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 2007-2008/307 UBD (PCB) Cir. No.5/ 12.03.000/ 2007-08 dated April 30, 2008 on the captioned subject.@@NBSP@@ On review of current global and domestic macroeconomic and financial developm

RBI/2007-08/377 UBD.PCB.Cir.No.57/16.74.00/2008-09 June 24, 2008 The Chief Executive Officer of All Scheduled Primary (Urban) Urban Co-operative BanksDear Sir/Madam,Wilful Defaulters and action thereagainst –UCBsPlease refer to paragraph 3 of our circular UBD.BR.Cir.1/16.74.00/2002-03 dated August 01, 2002 wherein the term “wilful default” has been defined. @@NBSP@@In this connection, we advise that pursuant to the Hon’ble Supreme Court’s Order relating to writ petiti

RBI / 2007-08/374 UBD.PCB.Cir.No.58/13.05.000/2007-08 June 20, 2008 The Chief Executive Officer of All Primary (Urban) Co-operative Banks. Dear Sir/Madam, Union Budget – 2008-09 – Agricultural Debt Waiver and Debt Relief Scheme, 2008-Clarification-UCBs. Please refer to our circular UBD.PCB.Cir.No.43/13.05.000/2007-08 dated May 23, 2008, and the Agricultural Debt Waiver and Debt Relief Scheme, 2008, forwarded therewith. Your attention is also invited to our circular UB

RBI -2007-08/371 UBD.BPD. (PCB). No 56 /16.20.000/2007-08 June 17, 2008 Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Valuation of Non-SLR securities issued by the Government of India Please refer to para 12 of our Master Circular UBD. BPD. (PCB) MC. No 2 /16.20.000/2007-08 dated July 2, 2007 on 'Investments by Primary (Urban) Co-operative Banks'. 2. It has been observed that, over the years, the Government of India has, from time to tim