Urban | Corporate Law Reporter

Unsecured Exposure Norms for UCBs

RBI/2013-14/321 UBD CO BPD (PCB) Cir. No.29/13.05.000/2013-14 October 10, 2013 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir / Madam, Unsecured Exposure Norms for UCBs Please refer to our circular UBD BPD (PCB) Cir. No.45/13.05.000/2012-13 dated April 03, 2013 on the captioned subject exempting UCBs fulfilling certain conditions from the extant ceiling of 10%… Read More

Tags: Balance sheet, Diodeâ€“transistor logic, Fiscal year, General manager, Printed circuit board, Reserve Bank of India, Urban, Urban area

Review of Norms for Classification of Financially Sound and Well Managed UCBs

RBI/2013-14/308 UBD.CO.LS.(PCB).Cir.No.24/07.01.000/2013-14 October 1, 2013 Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir/ Madam, Review of norms for classification of Financially Sound and Well Managed (FSWM) Urban Co-operative Banks (UCBs) Please refer to para 1 of our circular ref: UBD.CO.LS.Cir.No.25/07.01.000/2010-11 dated November 16, 2010 wherein the eligibility criteria regarding FSWM UCBs were laid down.… Read More

Tags: Bank, General manager, Printed circuit board, Reserve Bank of India, Run batted in, Statutory Liquidity Ratio, Urban, Urban area

Share Linking to Borrowing Norm in Urban Co-operative Banks

RBI/2013-14/307 UBD CO BPD (PCB) Cir. No. 25/09.18.200/2013-14 October 1, 2013 The Chief Executive Officer All Urban Co-operative Banks Dear Sir / Madam, Share Linking to Borrowing Norm in Urban Co-operative Banks Please refer to the instructions contained in para 3 of circular UBD PCB Cir. No.4/ 09.18.201/2008-09 dated July 15, 2008 on ˜Instruments for Augmenting Capital… Read More

Tags: Bank, Financial services, Government of India, India, Printed circuit board, Reserve Bank of India, Urban, Urban area

Unclaimed Deposits/Inoperative Accounts in UCBs – Treatment of certain Savings Bank Accounts opened for credit of Scholarship

RBI/2013-14/300 UBD.BPD.(PCB)CIR No. 23/13.01.000/2013-14 September 30, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Madam/Dear Sir, Unclaimed Deposits/Inoperative Accounts in UCBs - Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes Please refer to Circular No.UBD.BPD.(PCB)CIR.No.9/13.01.000/2013-14 dated September 1, 2008 on unclaimed deposits/ inoperative… Read More

Tags: Bank, Bank account, CBS, Current account, Direct Benefit Transfer, Printed circuit board, Urban, Urban area

Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks

RBI/2013-14/297 UBD.BPD.(PCB) Cir.No.21/14.01.062/2013-14 September 27, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam/Dear Sir, Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks Primary (Urban) Cooperative Banks Under Rule 16 of the Foreign Contribution (Regulation) Rule, 2011, banks have to report to Central Government any transaction in… Read More

Tags: Bank, Government of India, MHA, Ministry of Home Affairs, New Delhi, Printed circuit board, Urban, Urban area

RBI Implementation of Core Banking Solution by UCBs

RBI/2013-14/249 UBD CO BPD PCB Cir No.14/09.18.300/2013-14 September 11, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, Implementation of Core Banking Solution (CBS) by Urban Co-operative Banks (UCBs) Please refer to our circular UBD BPD (PCB) Cir. No.42/09.18.300/2012-13 dated March 13, 2013 on the captioned subject advising UCBs to implement CBS… Read More

Tags: Bank, CBS, General manager, Printed circuit board, Reserve Bank of India, Universal Publishers (Australia), Urban, Urban area

RBI Updates of the UNSCR 1267 (1999) /1989 (2011) Committee™s Al-Qaida Sanctions List

RBI/2013-14/238 UBD.BPD (PCB) Cir. No.12/14.01.062/2012-13 September 10, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1267 (1999) /1989 (2011) Committee™s Al-Qaida Sanctions List - Primary (Urban) Co-operative Banks (UCBs) Please refer to our circular UBD.BPD.(PCB). Cir. No. 6/14.01.062/2013-14 dated… Read More

Tags: Al-Qaeda, Government of India, Ministry of External Affairs, Printed circuit board, Reserve Bank of India, United Nations Security Council, Urban, Urban area

RBI Clarification on Finance for Housing Schemes enhancement of limits

RBI/2013-14/236 UBD CO BPD (PCB) Cir. No.13/09.22.010/2013-14 September 10, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam, Finance for Housing Schemes Primary (Urban) Co-operative Banks Loans for repairs / additions / alterations enhancement of limits Please refer to our circular UBD BPD PCB No.31/09.09.01/2002-03 dated December 30, 2002 on… Read More

Tags: Asia, Business, India, Real Estate, Rural area, Social Sciences, Urban, Urban area

RBI Simplifies Procedure for Settlement of Claims of Deceased Depositor at UCBs

RBI/2013-14/229 UBD.BPD.(PCB)CIR No. 10/13.01.000/2013-14 September 5, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Madam/Dear Sir, Settlement of Claims of Deceased Depositor - Simplification of Procedure Placing of claim forms on bank™s website Please refer to our circular UBD.BPD.(PCB).Cir.No.32/13.01.000/2012-13 dated January 21, 2013 advising all Urban Co-operative Banks (UCBs) to instruct their branches to follow… Read More

Tags: Bank, Business, Death, General manager, Printed circuit board, Reserve Bank of India, Urban, Urban area

RBI decides to permit UCBs to undertake Intra-day short selling of Secondary Market Transactions in Government Securities

RBI/2013-2014/226 UBD.BPD. (PCB). Cir.No.9/09.29.000/2013-14 September 4, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Madam/Dear Sir, Secondary Market Transactions in Government Securities - Intra-day short selling Please refer to our circular UBD.BPD.PCB.Cir.39/09.29.00/2002-03 dated March 13, 2003, in terms of which Urban Co-operative Banks were permitted to trade in Government Securities on the Stock Exchanges,… Read More

Tags: Banks, Government, India, Reserve Bank of India, shorts, Stock exchange, Urban, Urban area

RBI Circular w.r.t. Interest Rates on Rupee Export Credit – UCBs

RBI/2013-14/207 UBD.BPD.(AD) Cir. No.3/13.05.000/2013-14 August 30, 2013 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 March 31,… Read More

Tags: August 26 2013, Bank, Government of India, India, Interest, Reserve Bank of India, Urban, Urban area

Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1988 (2011) Sanctions List

RBI/2013-14/170 UBD BPD (PCB) Cir. No.3/14.01.062/2013-14 August 1, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1988 (2011) Sanctions List - Primary (Urban) Co-operative Banks Please refer to our Circular UBD.BPD.(PCB).Cir.No.23-14.01.062-2012-13 dated November 2, 2012 on the captioned subject. We… Read More

Tags: Government of India, India, Ministry of External Affairs, Printed circuit board, Reserve Bank of India, Taliban, Urban, Urban area

Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Standards Primary (Urban) Co-operative Banks

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… Read More

Tags: Bank, Financial Action Task Force on Money Laundering, money laundering, Principal Officer, Terrorism financing, Uniform resource locator, Urban