RBI/2006-07/66 UBD.BPD. (PCB). MC.No 8 /16.20.000/2006-07, DT. 12/07/2006
- Document type
- Circular
- Dated
- Category
- Master Circulars
Master Circular on Investments by Primary (Urban) Co-operative Banks (Part - II)
Master Circular on Investments by Primary (Urban) Co-operative Banks (Part - II)
Master Circular on Investments Certain clarifications on brokers limits
[Ref: Para 7.3]
| Sr.No. | Issue raised | Response |
| 1. | The year should be calendar year or financial year? | Since banks close their accounts at the end of March, it may be more convenient to follow the financial year. However, the banks may follow calendar year or any other period of 12 months provided, if it is consistently followed in future. |
| 2. | Whether to arrive at the total transactions of the year, transactions entered into directly with counter-parties, i.e. where no brokers are involved would also be taken into account? | Not necessary. However, if there are any direct deals with the brokers as purchasers or sellers the same would have to be included in the total transactions to arrive at the limit of transactions to be done through an individual broker. |
| 3. | Whether in case of ready forward deals both the legs of the deals i.e. purchase as well as sale will be included to arrive at the volume of total transactions? | Yes |
| 4. | Whether central loan/state loan/treasury bills etc. purchased though direct subscriptions/auctions will be included in the volume of total transactions? | No, as brokers are not involved as intermediaries. |
| 5. | It is possible that even though bank considers that a particular broker has touched the prescribed limit of 5%, he may come with an offer during the remaining period of the year which the bank may find to its advantage as compared to offers received from the other brokers who have not yet done business upto the prescribed limit. | If the offer received is more advantageous the limit for the broker may be exceeded and the reasons therefore recorded and approval of the competent authority/Board obtained post facto. |
| 6. | Whether the transactions conducted on behalf of the clients would also be included in the total transactions of the year? | Yes, if they are conducted through the brokers. |
| 7. | For a bank which rarely deals through brokers and consequently the volume of business is small maintaining the broker-wise limit of 5% may mean splitting the orders in small values amongst different brokers and there may also arise price differential. | There may be no need to split an order. If any deal causes, the particular broker's share to exceed 5% limit, our circular provides the necessary flexibility inasmuch as Board's post facto approval can be obtained. |
| 8. | During the course of the year, it may not be possible to reasonably predict what will be the total quantum of transactions through brokers as a result of which there could be deviation in complying with the norm of 5%. | The bank may get post facto approval from the Board after explaining to it, the circumstances in which the limit was exceeded. |
| 9. | Some of the small private sector banks have mentioned that where the volume of business particularly, the transactions done through brokers is small the observance of 5% limit may be difficult. A suggestion has, therefore, been made that the limit may be required to be observed if the business done through a broker, exceeds a cut-off point of say Rs.10 crore | As already observed the limit of 5% can be exceeded subject to reporting the transactions to the competent authority post facto. Hence, no change in instructions are considered necessary. |
| 10. | Whether the limit is to be observed with reference to total transactions of the previous year as the total transactions of the current year would be known only at the end of the year? | The limit has to be observed with reference to the year under review. While operating the limit, the bank should be in view the expected turnover of the current year which may be based on turnover of the previous year and anticipated rise or fall in the volume of business in the current year. |
Master Circular on Investments - Certain Definitions
[ Vide para 12.3.1(iii) ]
2. A security will be treated as rated if it is subjected to a detailed rating exercise by an external rating agency in India which is registered with SEBI and is carrying a current or valid rating. The rating relied upon will be deemed to be current or valid if:
i) the credit rating letter relied upon is not more than one month old on the date of opening of the issue, and
ii) the rating rationale from the rating agency is not more than one year old on the date of opening of the issue, and
iii) the rating letter and the rating rationale is a part of the offer document.
iv) In the case of secondary market acquisition, the credit rating of the issue should be in force and confirmed from the monthly bulletin published by the respective rating agency.
v) Securities which do not have a current or valid rating by an external rating agency would be deemed as unrated securities.
3. The investment grade ratings awarded by each of the external rating agencies operating in India would be identified by the IBA/ FIMMDA. These would also be reviewed by IBA/ FIMMDA at least once a year.
4. A listed debt security is a security which is listed in a stock exchange. If not so, it is an unlisted debt security.
5. A non performing investment (NPI), similar to a non performing advance (NPA), is one where :
a. Interest/ instalment (including maturity proceeds) is due and remains unpaid for more than 180 days. The delinquency period has become 90 days with effect from 31st March 2004.
b. if any credit facility availed by the issuer is NPA in the books of the bank, investment in any of the securities issued by the same issuer would also be treated as NPI.
Master Circular on Investments
List of All India Financial Institutions
[Vide para 12.3.4.1 (ii)]
2. Industrial Investment Bank of India Ltd.
3. Tourism Finance Corporation of India Ltd.
4. Risk Capital and Technology Finance Corporation Ltd.
5. Technology Development and Information Company of India Ltd.
6. Power Finance Corporation Ltd.
7. National Housing Bank.
8. Small Industries Development Bank of India
9. Rural Electrification Corporation Ltd.
10. Indian Railways Finance Corporation Ltd.
11. National Bank for Agriculture and Rural Development.
12. EXIM Bank of India.
13. Infrastructure Development Finance Co. Ltd.
14. Housing & Urban Development Corp. Ltd
Master Circular on Investments Disclosures Requirements
[ Vide para 12.9 ]
(Rs. in crore)
| No. 1. | Issuer 2. | Amount 3. | Extent of below investment grade Securities 4. | Extent of unrated securities 5. | Extent of unlisted securities 6. |
| 1 | PSUs | ||||
| 2 | FIs | ||||
| 3 | Nationalised Banks | ||||
| 4 | Others | ||||
| 5 | Provision held towards depreciation | X X X | X X X | X X X | |
| Total * |
NOTE: 1.* Total under column 3 should tally with the total of investments in Schedule 8 to the balance sheet:
2. Amounts reported under columns 4, 5, and 6 above may not be mutually exclusive.
ii) Non performing Non-SLR investments
| Particulars | Amount(Rs. Crore) |
| Opening balance | |
| Additions during the year since 1st April | |
| Reductions during the above period | |
| Closing balance | |
| Total provisions held |
Master Circular on Investments Special concessions to UCBs during the year 2004-05
[ Vide para 16.1.7 ]
In view of the representations made by Federations of UCBs expressing difficulties in meeting with the provisioning requirements consequent to shifting of securities to HTM category, the issue was reexamined and decided, as a special case, to relax the requirements, as under:
1. Scheduled UCBs:
Scheduled UCBs were allowed to crystallize the provisioning requirement arising on account of shifting of securities from HFT/AFS categories to the HTM category consequent to the issue of our guidelines dated 02.09.2004 and amortize the same over a maximum period of five years commencing from the accounting year ending 31.03.2005, with a minimum of 20 % of such amount, each year.
II. Non Scheduled UCBs:
Shifting of securities from HFT/AFS categories to the HTM category by Non-Scheduled UCBs consequent to the issue of the circular dated 02.09.2004 may be done at book value, subject to the following conditions:
(a) In case the book value is higher than the face value, the difference between the book value and the face value i.e., the premium may be amortized in equal installment over the period remaining to maturity. If the security was obtained at a discount to face value, the difference should be booked as profit only at the time of maturity of the security.
(b) The securities transferred under this special dispensation should be kept separately under the HTM category, and should not be transferred back to the AFS/HFT category in future as per the extant instructions on transfer of securities from HTM category.
(c) In normal course, such securities under HTM category should not be sold in the market and are to be redeemed on maturity only. However, in case of exceptional circumstances if such securities are to be sold, profit/loss on sale of investments in this category should be first taken to the Profit & Loss Account and thereafter, the profit if any, should be appropriated to the Capital Reserve .
(d) The banks were advised to build up sufficient provisions and adhere to extant investment norms for UCBs by 31.03.2009 without any relaxations.
It may be noted that the above relaxation is s a one time measure for the accounting year ended March 31, 2005 and for all fresh investments made on or after 01.04.2005, extant guidelines should be followed. The banks are not allowed to write back provisions already made on investments as on 31.03.2004.
Master Circular on Investments Special concessions to UCBs during the year 2005-06
[ Vide para 16.1.8 ]
The primary (urban) cooperative banks are allowed to shift securities from AFS/HFT to HTM category and vice versa once at the beginning of the year. It was represented by the Federations of UCBs that the banks were facing difficulties in meeting the provisioning requirements as a result of a further fall in the prices of securities.
2. Taking into consideration the representations received further relaxations were allowed as under for the year ended March 31, 2006:
(a) as a special case, the banks may shift securities from and to HTM once more on or before March 31, 2006.
(b) where the market value is lower than the face value, the provision required would be the difference between book value and face value. Further, the provisioning may be made over the remaining period to maturity instead of five years. It may, however be noted that, if the security was acquired at a discount to face value i.e. the book value is lower than the face value, the difference should be booked as profit only at the time of maturity of the security as hitherto
(c) The revised valuation norms outlined in para (b) above will apply only to transfers to HTM made during the financial year 2005-06
(d) In case as a result of valuation as above the provision already held by the bank is rendered surplus, the same should not be taken to the Profit and Loss account.
Master Circular on Investments by Primary (urban) Co-op. Banks
| No. | Circular No. | Date | Subject |
| 1. | UBD BPD No: 41/ 16.20.000/2005-06 | 29-03-2006 | Investment portfolio of UCBs - valuation |
| 2. | UBD BPD No: 31/ 13.01.000/2005-06 | 17-02-2006 | Investment in Government Securities |
| 3. | UBD BPD No: 41/ 16.20.000/2004-05 | 28-03-2005 | Investment portfolio of UCBs - valuation |
| 4. | UBD BPD No: 16/ 16.20.000/2004-05 | 02-09-2004 | Investments-classification and valuation |
| 5. | UBD BPD No: 49/ 09.80.00/2004-05 | 20-06-2005 | Ready Forward Transactions |
| 6. | UBD BPD No: 50/ 09.80.00/2004-05 | 20-06-2005 | Govt Sec- T + 1 settlement |
| 7. | UBD BPD No: 51/ 09.80.00/2004-05 | 20-06-2005 | Settlement of securities on primary issues |
| 8. | UBD.BPD.No.37/12.05.01/2004-05 | 26.02.2005 | Investment portfolio of banks-Reporting system |
| 9. | UBD.BPD.SUB.CIR.5/09.80.00/2003-04 | 28-04- 2004 | Transactions in Government Securities (DVP III) |
| 10. | UBD.BPD.PCB.Cir.45/16.20.00/2003-04 | 15-04- 2004 | Investment in non-SLR debt securities by UCBs |
| 11. | UBD.BPD.PCB.Cir.44/09.29.00/2003-04 | 12-04- 2004 | Sale of Govt. Securities allo UBD BPD No: 41/ 16.20.000/2004-05cated during the auctions for primary issues on the same day. |
| 12. | UBD.BPD.PCB.Cir.42/09.11.00/2003-04 | 1-04- 2004 | Maintenance of CSGL Accounts |
| 13. | UBD.BPD.PCB.Cir.35/13.05.00/2003-04 | 27-02-2004 | Placement of deposits by NSCBs with strong sch UCBs |
| 14. | UBD.BPD.PCB.Cir.34/13.05.00/2003-04 | 11-02-2004 | Maximum limit on advances-limits on exposure to individual/group borrowers-Computation of capital funds |
| 15. | UBD.BPD.PCB.Cir.33/09.11.00/2003-04 | 11-02-2004 | Maintenance of CSGL Accounts |
| 16. | UBD.BPD.PCB.FIR.26/16.20.00/2003-04 | 2-12-2004 | Investment in shares of ICICI Bank Ltd. |
| 17. | UBD.BPD.PCB.Cir.12/09.29.00/2003-04 | 04-09-2003 | Investment Portfolio of UCBs-Guidelines for Investment Fluctuation Reserve |
| 18. | UBD.BPD.Cir.No.11/09.29.00/2003-04 | 02-09-2003 | Investment Portfolio of UCBs-Classification & Valuation of investments |
| 19. | UBD.BPD.PCB.Cir.8/9.2900/2003-04 | 16-08-2003 | Trading of Government Securities in Stock Exchanges |
| 20. | UBD.BPD.Cir.No.1/09.11.00/2003-04 | 08-07-2003 | Settlement in respect of Government Securities Transaction-Compulsory settlement through CCIL |
| 21. | UBD.BPD.PCB.Cir.No.2/09.80.00/2003-04 | 08-07-2003 | Scheme for Non-Competitive Bidding Facility in the Auction of Government of India dated securities |
| 22. | UBD.PCB.56/09.29.00/2003-04 | 02-07-2003 | Investment Portfolio of Banks-Transactions in Securities |
| 23. | UBD.BPD.PCB.Cir.No.46/16.20.00/2002-03 | 17-05-2003 | Placement of deposits by non-scheduled UCBs with Scheduled UCBs |
| 24. | UBD.BPD.PCB.No.44/09.80.00/2002-03 | 12-05-2003 | Guidelines for uniform accounting for Repo/Reverse Repo transactions |
| 25. | UBD.BPD.PCB.Cir.No.39/09.29.00/2002-03 | 13.03.2003 | Trading of Government Securities on Stock Exchange |
| 26. | UBD.BP.No.35/16.26.00/2002-03 | 18-02-2003 | Prices of Government Securities in the Secondary Market |
| 27. | UBD.BPD.SPCB.Cir.No.9/09.29.00/2002-03 | 27-01-2003 | Reconciliation Procedure for Government Loans |
| 28. | UBD.POT.PCB.Cir.No.06/09.29.00/2002-03 | 06-08-2002 | Investment Portfolio of UCBs-Transactions in Government Securities |
| 29. | UBD.POT.PCB.Cir.No.5/09.29.00/2002-03 | 22-07-2002 | Investment portfolio of banks-transaction in securities |
| 30. | UBD.POT.No.49/09.80.00/2001-02 | 17-06-2002 | Ready Forward Contracts |
| 31. | UBD.CO.POT.PCB.Cir.No.48/09.29.00/2001-02 | 11-06-2002 | Certification of holding of securities in banks investment portfolio |
| 32. | UBD.BR.No.47/16.26.00/2001-02 | 07-06-2002 | Investments in Government and other approved securities by Urban Co-op Banks |
| 33. | UBD.PCB.Cir.No.46/09.29.00/2001-02 | 06-06-2002 | Investment Portfolio of Banks-Transaction in Securities |
| 34. | UBD.Plan.SCB.Cir.No.10/09.29.00/2001-02 | 26-04-2002 | Investment Portfolio of Urban Banks-Transactions in Government Securities |
| 35. | UBD.Plan.PCB.Cir.No.41/09.29. 00/2001-02 | 20-04-2002 | Investment Portfolio of Banks-Transactions in Securities |
| 36. | UBD.BR.Cir.No.19/16.26.00/2001-02 | 22-10-2001 | B,R.Act, 1949 (AACS) Section 24-Investment in Government and other approved securities |
| 37. | UBD.No.BR.6/16.26.00/2000-01 | 09-08-2001 | B.R. Act, 1949 (AACS) Section 24-Investment in Government and other approved securities |
| 38. | UBD.No.CO.BSD.I.PCB.44/12.05.05/2000-2001 | 23-04-2001 | Guidelines for Classification and Valuation of Investments by Banks |
| 39. | UBD.No.BR.Cir/42/16.26.00/2000-01 | 19-04-2001 | Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Section 24 - Investment in Government and other approved Securities by Urban Co-operative Banks (UCBS) |
| 40. | UBD.No.43/16.20.00/2000-01 | 19-04-2001 | Investment of Funds by Urban Co-operative Banks as deposits with other institutions and other Urban Co-operative Banks |
| 41. | UBD.No.POT.Cir.PCB.39/09.29.00/ 2000 | 18-04-2001 | Sale of Government Securities Allotted in the Auctions of Primary Issues |
| 42. | UBD.No.Plan.PCB.Cir/22/09.29.00/ 2000-2001 | 30-12-2000 | Investment Portfolio of banks - Transactions in securities - Role of brokers |
| 43. | UBD.Plan.PCB.Cir/26/09.80.00/99-2000 | 28-03-2000 | Ready Forward Contracts |
| 44. | UBD.Plan.18/09.80.00/1999-2000 | 30-12-1999 | Banks' own investment in State Government Loans -Payment of brokerage commission |
| 45. | UBD.No.Plan.PCB.04/09.80.00/99-2000 | 25-08-1999 | Ready Forward Transactions |
| 46. | Ref. UBD No.BR. 26/18.20.00/98-99 | 07-04-1999 | Investment of funds by primary (urban) co-operative banks In public sector undertakings/ companies |
| 47. | UBD.No.Plan.PCB.DIR.3/09.80.00/98-99 | 17-08-1998 | Reverse Ready forward transactions |
| 48. | UBD.No.BR.1/16.20.00/98-99 | 10-07-1998 | Investment by urban co-op. banks-Valuation of Investments-US-64 units |
| 49. | UBD No.61/16.20.00/97-98 | 04-06-1998 | Investment of Investment by Urban Cooperative Banks - Valuation of Investment - US- 64 Units funds by primary (urban) co-operative banks in public sector undertakings/companies |
| 50. | UBD.No.Pl.an.PCB/Cir.56/09.60.00/ 97-98 | 13-05-1998 | Investment in Certificates of Deposit (CDs) by primary (urban) co-operative banks |
| 51. | UBD.No.Plan.SUB.20/09.81.00/97-98 | 19-02-1998 | Retailing of Government Securities |
| 52. | UBD.No.BP.37/16.20.00/97-98 | 29-01-1998 | Investment by Urban Co-operative Banks - Valuation of Investments |
| 53. | UBD.No.BSD.I (PCB) 22/ 12. 05. 00 / 97-98 | 26-11-1997 | Investment by Urban Co-operative Banks Valuation of Investments |
| 54. | UBD.No.Plan.SUB.No.17/09.83.00/97-98 | 19-11-1997 | Statistical data relating to investments in Money Market Instruments/Government Securities |
| 55. | UBD.No.Plan.PCB/Cir.21/09.60.00/97-98 | 11-11-1997 | Investment in certificates of deposit (CDs) by Urban Co-operative Banks |
| 56. | UBD.No.Plan.PCB.Cir.19/09.29.00/97-98 | 10-11-1997 | Investment Portfolio of banks-Transactions in securities-Role of brokers |
| 57. | UBD.No.Plan.PCB.56/09.60.00/96-97 | 06-06-1997 | Investment in Certificates of Deposit (CDs) by Urban Co-operative Banks |
| 58. | UBD.No.DS.SUB.CIR.7/13.07.00/96-97 | 07-01-1997 | Investment of Surplus Funds by primary co-operative Banks in Bills Rediscounting Scheme |
| 59. | UBD.No.Plan.PCB.34/09.29.07/96-97 | 30-12-1996 | Investment portfolio of banks Transactions in securities |
| 60. | UBD.No.Plan.PCB.No.30/09.82.00/96-97 | 27-11-1996 | Investment by Urban Co-operative Banks in the Units of Unit Trust of India (UTI) |
| 61. | UBD.No.Plan.PCB.19/09.29.00/96-97 | 11-09-1996 | Investment portfolio of banks - System for custody and control of unused B. R. Forms |
| 62. | UBD.No.Plan.PCB.7/09.60.00/96-97 | 19-07-1996 | Investment in certificates of deposit by Urban Co-operative Banks |
| 63. | UBD.No.Plan/PCB/69/09.29.00/95-96 | 21-06-1996 | Investment portfolio of banks - Transactions in securities |
| 64. | UBD.No.BR.Cir.52/16.20.00/95-96 | 16-03-1996 | Investment of funds by Urban Co-operative Banks in Public Sector Undertakings/Companies |
| 65. | UBD.No.Plan.PCB.47/09.60.00/95-96 | 29-02-1996 | Investment in Certificates of Deposit (CDs) by Urban Co-operative Banks |
| 66. | UBD.No.BR.12/16.20.00/95-96 | 06-01-1996 | Investment of funds by urban co-operative banks in bonds of public sector undertakings |
| 67. | UBD.No.BR.Cir.33/16.26.00/95-96 | 03-01-1996 | Banking Regulation Act, 1949 (As applicable to Co-operative Societies) Section 24-Investment in Government and other approved securities by primary co-operative banks |
| 68. | UBD.No.Cir.63/16.26.00/94-95 | 16-06-1995 | Banking Regulation Act, 1949 (As applicable to Co-operative Societies) Section 24-Investment in Government and other approved securities by primary co-operative banks |
| 69. | UBD.No.BR.CIR.53/16.20.00/94-95 | 24-04-1995 | Investment of funds by Urban Co-operative Banks in Public Sector Undertakings/Companies |
| 70. | UBDNo.Plan.PCB.32/09.29.00/94-95 | 24-11-1994 | Investment Portfolio of Banks - Transactions in Securities - Bank Receipts/Role of brokers |
| 71. | UBD.No.Plan.PCB.29/09.80.00/94/95 | 09-11-1994 | Ready Forward Transactions |
| 72. | UBD.No.Plan.PCB.14/09.80.00/94-95 | 24-08-1994 | Ready Forward Transactions |
| 73. | UBD.BR.10/PCB(CIR)/16.20.00/9495 | 01-08-1994 | Investment of funds by primary co-operative banks in public sector undertakings/companies |
| 74. | UBD.BR.CIR.72/16.20.00/93-94 | 16-05-1994 | Investment of funds by urban co-operative banks in public sector undertakings/companies |
| 75. | UBD.No.PLAN (PCB).CIR.56/09.29.00/93-94 | 11-02-1994 | Investment portfolio of banks - Transactions in Securities. |
| 76. | UBD.No.Plan.51/09.29.00/93-94 | 20-01-1994 | Investment portfolio of banks - Transactions in Securities - Bouncing of SGL transfer forms - Penalties to be imposed: |
| 77. | UBD.No.3/09.29.00/93-94 | 02-08-1993 | Investment port-folio of banks - Transactions in securities - Aggregate contract limit for individuals brokers-Clarifications |
| 78. | UBD.No.Plan.74/UB.81-92/93 | 17-05-1993 | Investment portfolio or banks - Transactions in securities |
| 79. | UBD.No.Plan.13/UB.81/92-93 | 15-09-1992 | Investments portfolio of banks Transactions in securities |
| 80. | UBD.No.BR.1866/A.12(19)-87/88 | 13-06-1988 | Investments of Funds by Urban Co-operative Banks as Deposits with Public Sector Undertakings/ Companies/Corporations/Co-operative Institutions |
| 81. | UBD.No.DC.84 /R.1(B).87/88 | 13-02-1988 | Bills Rediscounting Scheme - Rediscounting of Bills with Banks and Financial Institutions |
| 82. | UBD.No.BR.1455/A12(24)-85/86 | 31-05-1986 | Banking Regulation Act, 1949 (as applicable to co-operative societies) - Section 24 - Investment in Units issued by the Unit Trust of India |
| 83. | UBD.BR.871/A.12 (24)-84/85 | 10-05-1985 | Banking Regulation Act, 1949 (as applicable to co-operative societies) - Section 24 - Investment made under national deposit scheme |
| 84. | UBD.BR.498/A.12 (24) -84/85 | 08-01-1985 | Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) Section 24 - Investment in Government and Other Trustee Securities by primary co-operative banks |
| 85. | UBD.NO.DC.597/R.41-84/85 | 31-10-1984 | 7% Capital Investment Bonds |
| 86. | UBD.P&O.1121/UB. -63-83/84 | 01-06-1984 | Bank's own investment in central state government loans-payment of brokerage |
| 87. | ACD.ID (DC) 1799/R.36/79/80 | 10-01-1980 | Subscription/purchase of 7 year national rural development bonds |
| 88. | ACD.ID. (DC) 1800/R.36-79/80 | 10-01-1980 | Directive relating to subscription/purchase of 7 year national rural development bonds |
| 89. | ACD.BR.446/A.12 (19)/72-3 | 01-11-1972 | Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) Section 19 |
| 90. | ACD.BR.463/A.12 (19)/70-7 | 09-11-1970 | Banking Regulation Act, 1949 (As Applicable to Co-operative Societies): Section 19 |
| 91. | ACD.BR.1/A.12 (19)/68-9 | 01-07-1968 | Section 19 of the Banking Regulation act 1949 (as applicable to co-operative societies): Restriction on holding shares in other co-operative societies |
| 92. | ACD.BR.3/A.12 (19)/68-9 | 01-07-1968 | Section 19 of the Banking Regulation Act, 1949 (as applicable to co-operative societies): Restriction on holding shares in other co-operative societies |
| 93. | ACD.BR.903/A.12 (19)/67-8 | 22-12-1967 | Banking Regulation Act, 1949 (as applicable to Co-operative Societies): Section 19: Restriction on holding of shares in other co-operative societies |
| 94. | ACD.BR.388/A.11 (19) 65-6 | 01-03-1966 | Section 19 of the Banking Regulation Act: Restriction on holding shares in other co-operative societies |
B. List of Other Circulars from which instructions relating to Investments have also been consolidated in the Master Circular
| No. | Circular No. | Date | Subject |
| 1. | UBD.No.POT.PCB.Cir.No.45/09.116.00/2000-01 | 25-04-2001 | Application of Capital Adequacy Norms to Urban (Primary) Co-operative Banks |
| 2. | UBD.CO.No.BSD-I.PCB(Cir)34/ 12.05.05/99-2000 | 24-05-2000 | Income Recognition, Asset Classification, Provisioning and Valuation of Investments |
| 3. | UBD.No.BSD.PCB./25/12.05.05/ 99-2000 | 28-02-2000 | Income Recognition, Asset Classification, Provisioning and other related matters |
| 4. | UBD.No.I&L(PCBs)42/12.05.00/ 96-97 | 20-03-1997 | Prudential norms - Income Recognition, Assets Classification, Provisioning and other related matters - |
| 5. | UBD.No.I&L(PCBs)68/12.05.00/ 95-96 | 10-06-1996 | Income Recognition, assets classification, provisioning and other related matters Clarifications |
| 6. | UBD.No.I&L(PCB)61/12.05.00/94-95 | 06-06-1995 | Income recognition, asset classification, provisioning and other related matters Valuation of investment and others |
| 7. | UBD.No.I&L86/12.05.00/93-94 | 28-06-1994 | Income recognition, assets classification, provisioning and other related matters |
| 8. | UBD.21/12:15:00/93-94 | 21-09-1993 | Committee to enquire into various aspects relating to frauds and malpractices in banks primary (urban) co-operative banks |
| 9. | UBD.NO.I&L.38/J.1-92/93 | 09-02-1993 | Income recognition, assets classification, provisioning and other related matters |
| 10. | UBD.BR.16/A.6-84/85 | 09-07-1984 | Banking Law (Amendment) Act, 1983 |
| 11. | ACD.Plan.358/UB.1-78/9 | 20-04-1979 | Report on the committee on urban co-operative banks |
| 12. | ACD.BR.184/A.12(19)-78/9 | 23-08-1978 | The Banking Regulation Act, 1949 (as applicable to co-operative societies) : Section 10 : Restriction on holding shares in other co-operative societies |
| 13. | ACD.BR.760/A.1/68-9 | 23-01-1969 | The Banking Laws (Amendment) Act, 1968 |
| 14. | ACD.BR. 464/A. 12(24)/68-9 | 12-11-1968 | Section 24 of the Banking Regulation Act 1949 (As Applicable to Co-operative Societies): Maintenance of Percentage of Assets |