FTgivap3ifegivffroife
|
|
- Matthew Stokes
- 6 years ago
- Views:
Transcription
1 Ref. No. NB.DOR / ST Policy / 1458 / A1 (Gen) / July 2017 *t,+si j&re3 CircularNo.165 /DOR-35 / Thechairman, All Regional Rural Banks 2. The chairman and Managing Director, Dear Sir All Sponsor Banks of Regional Rural Banks Provision of Short-Term (ST) refinance to RRBs for financing Seasonal Agricultural Operations (SAO) - Policy for the year Please refer to our Circular No.139 / DOR-32 / 2016 dated , communicating NABARD's policy for F. Y for provision of short-term refinance to the Regional Rural Banks (RRBs) under Sec. 21(1) of the NABARD Act,1981, for financing Seasonal Agricultural Operations (SAO). We advise that the ST (SAO) Refinance Policy for F. Y has been revised. The detailed policy is mentioned in Annexure I. The eligibility norms of the revised ST (SAO) refinance policy are asl under: 1. RRBs having CRAR of9% and above as on will be eligible for refinance underst (SAO). RRBs with CRAR less than 90/o as on , but more than 9% as on will also be eligible for refinance. 2. The quantum of st (SAO) refinance will continue to be linked to net NPA level of the RRBs, as hitherto. However, no credit limits will be available to the RRBs having net NPAs above 15 /o (18 /o. in NER and Hilly States). 3. For financing the below-mentioned activities, separate sub-limits under st (SAO) credit limits will be sanctioned by NABARD for the year Accordingly, RRB may indicate credit limit requirements for the above purposes separately, in the credit limit application. (a) Cultivation of other crops (OC), (b) Cultivation of oilseeds under National Mission on Oilseeds and Oil Palm (NMOOP -Oilseeds) in the identified districts, (c) Cultivation of pulses under National Food Security Mission - Pulses (NFSM - Pulses) in the identified districts and (d) Production credit requirements of tribals under Development of Tribal Population (DTP). 4. The rate of interest on refinance will be 4.5 /o p.a. during the year , (subject to revision, if any, by Govt. of India) for only those RRBs which provide, including their own involvement, crop loans up to Rs 3.00 lakh per borrower at 7% p.a. or less. The Bank is required to furnish an undertaking as per Annexure 11 in this regard. FTgivap3ifegivffroife National Bank for Agriculture and Rtlrai Dcvffl pprm mt gr farm cafa at th-24, '5Pr' 5#, aift-giv i±, aift (i±), giv -4oo o5i. t@: fro: ha: iitti.(.t:,\iiiiili{]i i+.{`ng Department of Refinance Plot No. C-24, 'G' Block, Bandra-Kurla Complex, Bandra (E), Mumbai -4oo o51. Tel.: Fax: oogo. dor{.n `bftrd.i}rg
2 5. You may advise all the branches to accord top priority for implementation of KCC scheme by issuance of Rupay Card to the borrowing members. 6. The refinance allocation for your Bank for the year will be communicated to you, by our Regional Office (RO). You may submit an application for sanction of credit limit along with the first drawal, as per the prescribed proforma to the concerned RO of NABARD. 7. Please acknowledge receipt of this letter to our RO. Yours faithfully, \`-=ffro,--`- (Padma Raghunathan) Chief General Manager Encl. -As above
3 Annexure I Short-term (ST) refinance from NABARD to Regional Rural Banks (RRBs) for financing Seasonal Agricultural Operations (SAO) -Policy for F. Y Eligibility norms 1.1 Audit Audit of RRB should have been completed for the year and the relative audit report together with the financial statements should have been received by the concerned RO of NABARD. Audit of the bank for the year should be completed and a copy of the audit report and financial statements submitted to the concerned RO of NABARD, latest by Compliance with CRAR norms Only such RRBs having CRAR of 9 /o and above as on will be eligible. RRBs with CRAR less than 9% as on , but more than 9 /o as on will also be eligible. 1.3 Net NPA position as on , as indicated in the statutory audit report, will form the basis for eligibility. However, in the event of any variation in the net NPA position as indicated in the audit report and the inspection report of NABARD, the latter would be reckoned for determining the eligibility. Net NPAs will be reckoned for the Bank as a whole and not at the level of RRB branches. Ih case of improvement or deterioration in any of the parameters (CRAR and net NPAs) as on [after completion of statutory audit], the same will be reckoned for eligibility of refinance limit. 1.4 Quantum of refinance (i) The quantum of refinance to RRBs will be linked to net NPAs as indicated below: General Region Eligible limit Net NPAs of RRB [As a percentage of Realistic Lending Program (RLP)] U p t 0 6 0/o 200/o Above 6 /o and up to 15% 1 5 0/o Above 15% Not eligible (ii) RRBs in North Eastern Region, Jammu & Kashmir, Sikkim, Andaman & Nicobar Islands, Himachal Pradesh and uttarakhand, will be eligible for an additional credit limit of 25% with relaxation in net NPAs, as under: Net NPAs of RRB Eligible limit [As a percentage of realistic lending Program (RLP)I Up to 100/o 45% Above 10% and up to 18 /o 4o% Above 18% Not eligible
4 (iii) RRBs in Eastern Region viz. Bihar, West Bengal, Odisha, Jharkhand, Chhattisgarh States and 28 districts of Eastern Uttar Pradesh (under BGREI Scheme of Govt. of India) will be eligible for an additional credit limit of 50/o, as under: Net NPAs of RRB Eligible limit [As a percentage of realistic lending Program (RLP)] Up to 6% 25% Above 6% and up to 15% Above 150/o 2!fyfJ/o Not eligible 1.5 ln case of merged banks, the financial position of the new/ merged RRB as on the date of notification / merger, based on special audit or the aggregate audited position as on of the erstwhile RRBs, will form the basis for sanction of limit to such new RRB for the year Further, if the statutory audit position as on is available, the same will be considered for sanction of credit limit to the banks. 1.6 Realistic Lending Program (RLP) for a year has been defined as the crop loans estimated to be disbursed during the year (i.e. not the outstanding which includes overdues). The RLP for the year may be arrived at on the basis of the average growih rate in crop loans, disbursed during the previous three years (taking into account the crop loans disbursed data for last four years). However, keeping in view the ground level realities and other facts, if any, NABARD may accept RLP which may be lower or higher than the RLP worked out by the bank. 2. Sub-limits for financing Other Crops, Oilseeds under NMOOP and Pulses under NFSM -Pulses and tribals under DTP For financing the below-mentioned activities, separate sub-limits under ST (SAO) credit limits will be sanctioned by NABARD for the year Accordingly, RRB may indicate credit limit requirements for the above purposes separately, in the credit limit application. (a) Cultivation of other crops (OC), (b) Cultivation of oilseeds under National Mission on Oilseeds and Oil Palm (NMOOP - Oilseeds) in the identified districts, (c) Cultivation of pulses under National Food Security Mission - Pulses (NFSM - Pulses) in the identified districts and (d) Production credit requirements of tribals under Development of Tribal Population (DTP). 3. Financing oftenant Farmers (TF) / Oral Lessees (OL) Considering the importance attached by Govt. of India for financing of tenant farmers and oral lessees, NABARD has prepared Joint Liability Group Scheme and circulated amongst the banks. The banks should ensure maximum financing to TF / OL under this Scheme or otherwise. 4. Operational disciplines 4.1 The operative period ofst (SAO) limit forthe year will be from o to ST (SAO) refinance will be provided to RRBs, only in respect of crop loans disbursed during the said operative period.
5 4.2 Drawals made on credit limits are repayable on demand from NABARD. However, each drawal under the limit, may be allowed by NABARD for a maximum period of 12 months. 4.3 Drawal of refinance by RRBs under ST (SAO) limit will be restricted to applicable percentage of refinance of the loan issued during the year Drawals by RRBs on the credit limits will be permitted subject to the availability of aggregate NODC under all sub-limits (instead of sub-limit wise NODC). For this purpose, RRBs are required to furnish to the concerned RO of NABARD, monthly NODC statement so as to reach latest by 20th of the succeeding month. For sub-limit wise shortfall in NODC, no penal interest will be charged, if overall NODC is available. 4.5 At the time of each drawal, a certificate in the prescribed format, regarding the availability of aggregate NODC, as on the date of drawal will have to be furnished by the bank. Moreover, it may be ensured by the bank that on any day, the ST (SAO) outstanding [under all ST (SAO) sub-limit accounts taken as a whole] should not exceed the aggregate NODC available on that date. 4.6 RRBs should clear the deficit in NODC, if any, immediately, so as to ensure availability of adequate non-overdue cover for borrowings from NABARD. In case the deficit is not regularized within one month, from the date of occurrence of such deficit, the RRB concerned will have to pay additional interest of 1 /o on the amount of deficit in NODC7 for the duration of the deficit, till the position is regularized. 5. Excess drawal NABARD will take a serious view in case of availment of drawals beyond permissible quantum of refinance on account of reporting of incorrect data about crop loan disbursement or of NODC. In such cases, NABARD may call back the excess refinance availed by bank within 3 days along with the penal interest of 1 /o pa. 6. Segregation of principal and interest in the loans outstanding As hitherto, RRBs may continue to exclude the interest component (overdue / non-overdue interest) from the outstanding amount and report the principal loan amount only, both in their applications for credit limit and drawal application, for arriving at the eligibility for refinance support from NABARD. Besides as hitherto, only the principal portion of loans (issued, recovered, outstanding and overdue) should be reported in the monthly NODC statements. 7. Rate of interest on refinance The rate of interest on refinance will be 4.5% p.a. during the year , subject to revision, if any, by Govt. of India, for only those RRBs which provide, including their own involvement, crop loans up to Rs 3.00 lakh per borrower at 7% p.a. or less. This will be applicable for the refinance drawn from onwards, against the crop loans disbursed from onwards. Interest is payable at half-yearly rests on 30 September and 31 March, as hitherto. The Bank is required tq fu_rri,is.h an Undertaking as per Art.nexure 1 in i.h.is rega.rd. 8. clearance of defaults RRBs which fail to honour their commitments to NABARD in repayment of principal, payment of interest and / or other dues by the prescribed due dates, will not be eligible for any type of refinance facility from NABARD. Resumption of refinance may be considered, only after the bank clears the default. In the event of default in repayment of principal and / or payment of interest, the RRBs will be liable to pay to NABARD, interest on amount of default at 10.25% p.a.
6 for the period for which the default persists. Such penal interest rate is subject to revision from time to time. 9. Right to inspection NABARD reserves the right to inspect / get inspected the books of accounts of the bank. 10. Right to cause special audit NABARD will have the right to cause special audit of the books of accounts and other relevant material of the banks, either by itself or through other agencies, to ensure that the same are maintained as per the rules and regulations in force and the terms and conditions of refinance are adhered to by the bank. 11. End-use of limit There are reports that banks have not ensured end-use of funds disbursed as short-term crop loans. With a view to avoid diversion of funds, misutilization of interest subvention / crop loan and to ensure proper end-use of funds, the banks have been advised to follow the instructions contained in our ( Circular No. 175 / DOR -47 / 2015 dated 20 August 2015 ), which are required to be complied with. **********
7 Annexure 11 UNDERTAKING TO BE OBTAINED FROM RRBs ON THEIR LETTERHEAD The Chief General Manager / General Manager NABARD Regional Office ,,, 1 - Dear Sir, We are aware that the rate of interest on refinance provided by NABARD for ST (SAO) during the F.Y is 4.5% p.a. subject to change, if any, by Govt. of India / Reserve Bank of India / NABARD from time to time. We are also aware that the facility of interest subvention made available by Government of India, is also subject to change from time to time. We undertake to abide by the change/s, if any, as may be made by the Govt. of India / Reserve Bank of India / NABARD from time to time. Thanking you, Yours faithfully, Name: '- Designation: Chairman Date:
No.NB.DoR.ST Policy / 600 / A-1( Gen)(RP) / Circular No. / DoR - / June The Managing Director All State Cooperative Banks
No.NB.DoR.ST Policy / 600 / A-1( Gen)(RP) / 2016-17 Circular No. / DoR - / 2016 15 June 2016 The Managing Director All State Cooperative Banks Dear Sir Provision of Additional Short-Term (ST) refinance
More informationEE Please refer to our circular No. NB.DOR / (ST-Policy) / 4927/ A.1(ST-Others) / subject'
-, Ref. No. NB.DOR fg/a_1(st-others)/2ol8-19 11 April 2ol8 Circwhr"o.6q DOR-]st2oi8 Lhies aien%±#j:ievc: Branks Dear Sir a:.?a,::i:::,%f,.en,.uos..5:rrl,5.g:ei::..%:i,:,,rc.,:,o,:.t`:i:t!; t%tl:,e,ssta:eps,?:,,-i,5..?tti,:-:.,
More informationGOVERNMENT OF INDIA MINISTRY OF AGRICULTURE AND FARMERS WELFARE DEPARTMENT OF AGRICULTURE, COOPERATION AND FARMERS WELFARE
GOVERNMENT OF INDIA MINISTRY OF AGRICULTURE AND FARMERS WELFARE DEPARTMENT OF AGRICULTURE, COOPERATION AND FARMERS WELFARE 425 SHRI VENKATESH BABU T.G.: SHRI KESHAV PRASAD MAURYA: DR. A. SAMPATH: ADV.
More informationCO:RURAL BANKING DEPARTMENT. Revised Kisan Credit Card (KCC) Scheme
a MAIN : ADV - 29/2012-13 DT. 14-05-2012 SUB : Rural Lending - 04 CO:RURAL BANKING DEPARTMENT FILE M-2 S-201 Revised Kisan Credit Card (KCC) Scheme Our Bank issued Master circular on Indian Bank Kisan
More information-Empanelment of Chartered Accountant Firms for post-sanction monitoring and follow up for assistance provided by MUDRA to various lending institutions
-Empanelment of Chartered Accountant Firms for post-sanction monitoring and follow up for assistance provided by MUDRA to various lending institutions Micro Units Development & Refinance Agency Ltd. (MUDRA)
More informationFOREWORD. Shri A.B. Chakraborty, Officer-in-charge, and Dr.Goutam Chatterjee, Adviser, provided guidance in bringing out the publication.
FOREWORD The publication, Basic Statistical Returns of Scheduled Commercial Banks in India, provides granular data on a number of key parameters of banks. The information is collected from bank branches
More informationSchemes->Margin Money Scheme of Khadi & Village Industries Commission (KVIC) MARGIN MONEY SCHEME OF KHADI & VILLAGE INDUSTRIES COMMISSION (KVIC)
Schemes->Margin Money Scheme of Khadi & Village Industries Commission (KVIC) MARGIN MONEY SCHEME OF KHADI & VILLAGE INDUSTRIES COMMISSION (KVIC) Implementing Agency Official(s) to be contacted Khadi &
More informationRegional Rural Banks- Sustainability through Outreach. Amarendra Sahoo Chief General Manager RBI, Mumbai
Regional Rural Banks- Sustainability through Outreach Amarendra Sahoo Chief General Manager RBI, Mumbai Scheme of Presentation I. RRBs mandate and to what extent fulfilled II. Perceived tension between
More informationRef. No. NB.MqlD.HO./ t+ o&/mcid-1 Pol.K. (Master Circulars)/ 2ol8-19. Master Circular on Self Help Group-Bank Linkage Programme
-`,- Ref. No. NB.MqlD.HO./ t+ o&/mcid-1 Pol.K. (Master Circulars)/ 2ol8-19 NABARD Circular No./ 23Cy MCID -05/ 2ol8 23 August 2ol8 The Chairman AIL Regional Rural Banks Managing Director/ Chief Executive
More informationFinancial Results Q3/FY February 2019
Financial Results Q3/FY18-19 08 February 2019 HIGHLIGHTS - DEC 2018 Total Business Total Deposit Gross Advance Operating Profit (Q-3) Rs. 291519 Crore Rs. 177906 Crore Rs.113610 Crore Rs. 381 Crore Basel
More informationEligible students have to contact our branches where they have availed/availing loans.
Eligible students have to contact our branches where they have availed/availing loans. The last date for Banks to submit subsidy claims to Nodal Bank is 31.08.2014. Hence, we advise the students to submit
More informationGRAMIN BHANDARAN YOJANA/RURAL GODOWN SCHEME
GRAMIN BHANDARAN YOJANA/RURAL GODOWN SCHEME The objective of rural godown scheme is to provide the farming community with facilities for scientific storage so that wastage and produce deterioration are
More informationMaster Direction Reserve Bank of India (Relief Measures by banks in areas affected by Natural Calamities) Directions 2017
RBI/FIDD/2017-2018/55 Master Direction FIDD.CO.FSD.BC No.8/05.10.001/2017-18 July 03, 2017 The Chairman/Managing Director/Chief Executive Officer All scheduled commercial banks (including Small Finance
More informationANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA. Circular No BC - CD Date:
ANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA Circular No. 317 2011 - BC - CD Date: 31.12.2011 SHG - BANK LINKAGE PROGRAMME SANCTION OF CASH CREDIT LIMIT REVISED GUIDELINES Ref. Cir. No. 1) 145-2006-BC-CST,
More informationA. Background of evaluation of Crop Insurance in India.
A. Background of evaluation of Crop Insurance in India. 1. Comprehensive Crop Insurance Scheme (CCIS) To provide financial support to the farmers in the event of failure of crops as a result of natural
More informationKerala Budget Analysis
2.1% 4.3% 2.9% 5.2% 5.7% 4. 7.2% 6.7% 4.3% 6.6% 7.4% Kerala Budget Analysis The Finance Minister of Kerala, Dr. T.M. Thomas Isaac, presented the Budget for financial year on February 2, 2018. Budget Highlights
More information14 th Finance Commission: Review and Outcomes. Economics. February 25, 2015
February 25, 2015 Economics 14 th Finance Commission: Review and Outcomes The 14th Finance Commission (FFC) was constituted on 2nd January, 2013 and submitted its report on 15 th December, 2014. The recommendations
More informationReview of performance of Pradhan Mantri Mudra Yojana
Review of performance of Pradhan Mantri Mudra Yojana (An analysis on the performance of PMMY during FY 2015-16) hetbpeer meheàuelee keàer kegbàpeer 2 MUDRA/PMMY Micro Units Development & Refinance Agency
More informationFARMER SUICIDES. Will the Minister of AGRICULTURE AND FARMERS WELFARE क य ण ½ãâ ããè be pleased to state:
O.I.H. GOVERNMENT OF INDIA MINISTRY OF AGRICULTURE AND FARMERS WELFARE DEPARTMENT OF AGRICULTURE, COOPERATION AND FARMERS WELFARE LOK SABHA UNSTARRED QUESTION NO.3442 TO BE ANSWERED ON THE 6 TH DECEMBER,
More informationModified National Agricultural Insurance Scheme (MNAIS)
1. OBJECTIVES The objectives of the Scheme are as under: - i) To provide insurance coverage and financial support to the farmers in the event of prevented sowing & failure of any of the notified crop as
More informationChhattisgarh Budget Analysis
-0.2% -1.6% 2.7% 2.9% 1.8% 6.6% 6.5% 7.8% 5.8% 8.9% 3.6% 5.5% 6.8% 9.5% 6. 8.4% 6.7% 10. 13.8% 15.6% Chhattisgarh Budget Analysis The Finance Minister of Chhattisgarh, Dr. Raman Singh, presented the Budget
More informationTelangana Budget Analysis
-5.8% -4.9% -2.9% 3.6% 6.8% 6. 6.1% 12.9% 6.2% 11. 8.6% 12.2% 10.2% 10.1% 11.1% 10.4% Budget Analysis The Finance Minister of, Mr. Eatala Rajender, presented the Budget for financial year on March 15,
More information~ pt ~ ~ fctcmr ~ ~ Qi'lIClill"l ~ 'fttr snmlilc6l F.Nm
~ pt ~ ~ fctcmr ~ ~ Qi'lIClill"l ~ 'fttr snmlilc6l F.Nm ~~ :~, iww ('i), ~ - 400 051 ~: +912226530024 ~: +912226530150 t-m-r : dfibt@nabard.org ~ : www.nabard.org No.NB.DFIBT.HO/ 12 January 2015 4-15~-
More information(b) whether the Government has paid insurance claims as compensation for damage of crops due to floods and drought during the current year;
O.I.H. GOVERNMENT OF INDIA MINISTRY OF AGRICULTURE AND FARMERS WELFARE DEPARTMENT OF AGRICULTURE, COOPERATION AND FARMERS WELFARE LOK SABHA UNSTARRED QUESTION NO.2026 TO BE ANSWERED ON THE 14 TH MARCH,
More informationPost and Telecommunications
Post and Telecommunications This section presents operating and financial data relating to the different branches of the Department of Posts including the Post Office Savings Banks. It comprises statistics
More informationNote on ICP-CPI Synergies: an Indian Perspective and Experience
2 nd Meeting of the Country Operational Guidelines Task Force March 12, 2018 World Bank, Washington, DC Note on ICP-CPI Synergies: an Indian Perspective and Experience 1. Meaning and Scope 1.1 International
More informationMadhya Pradesh Budget Analysis
Madhya Pradesh Budget Analysis The Finance Minister of Madhya Pradesh, Mr. Jayant Malaiya, presented the Budget for financial year on February 28, 2018. Budget Highlights The Gross State Domestic Product
More informationHimachal Pradesh Budget Analysis
-4.9% -3.2% 3.9% 9. 10.4% 7.2% 10.2% 10. 10.8% 7.5% 9.1% 6.9% Himachal Pradesh Budget Analysis The Finance Minister of Himachal Pradesh, Mr. Jai Ram Thakur, presented the Budget for financial year on March
More informationDIVIDEND DISTRIBUTION POLICY
DIVIDEND DISTRIBUTION POLICY I. NEED AND OBJECTIVE OF THE POLICY: Securities and Exchange Board of India (SEBI) has, on July 08, 2016, notified the SEBI (Listing Obligations and Disclosure Requirements)
More information2. Role of Banks 2.1 Bank staff may help the poor borrowers in filling up the forms and completing other formalities so that they are able to get cred
Master Circular--Credit Facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) Banks should take the following measures to step up their advances to SCs / STs: 1. Planning Process 1.1 The District
More informationAgenda/ Background Papers
Background: Agenda/ Background Papers NABARD, R.O. Jammu, vide communication bearing Ref. No. NB (J&K)/ mcid /2015-16 dated 28 May, 2015 intimated that SHG-Bank Linkage programme has grown exponentially
More informationPerformance of RRBs Before and after Amalgamation
Performance of RRBs Before and after Amalgamation DR. MINAXI M. JARIWALA Lecturer, Vivekanand College for B.Ed. Gujarat (India) DR. MARTINA R. NORONHA Vice-Principle S.P.B. English Medium College of Commerce
More informationInsolvency Professionals to act as Interim Resolution Professionals or Liquidators (Recommendation) Guidelines, 2018
Insolvency Professionals to act as Interim Resolution Professionals or Liquidators (Recommendation) Guidelines, 2018 Provisions in the Insolvency and Bankruptcy Code, 2016 31 st May, 2018 1. Section 16(3)(a)
More informationRBI/ /40 RPCD. MFFI. BC.No.09 / / July 1, Master Circular on Micro Credit
RBI/ 2009-10/40 RPCD. MFFI. BC.No.09 / 12.01.001/ 2009-10 July 1, 2009 The Chairman/ Managing Director/ Chief Executive Officer All Scheduled Commercial Banks Dear Sir, Master Circular on Micro Credit
More informationGOVERNMENT OF INDIA MINISTRY OF AGRICULTURE AND FARMERS WELFARE DEPARTMENT OF AGRICULTURE, COOPERATION AND FARMERS WELFARE
GOVERNMENT OF INDIA MINISTRY OF AGRICULTURE AND FARMERS WELFARE DEPARTMENT OF AGRICULTURE, COOPERATION AND FARMERS WELFARE 748. PROF. SAUGATA ROY: LOK SABHA UNSTARRED QUESTION NO. 748 TO BE ANSWERED ON
More informationBihar Budget Analysis
-1. -0. 1.6% 4. 6.6% 5. 4.9% 8. 7. 10. 10. 14. Bihar Budget Analysis The Finance Minister of Bihar, Mr. Sushil Kumar Modi, presented the Budget for financial year on February 27, 2018. Budget Highlights
More informationSarva Shiksha Abhiyan, GOI
Sarva Shiksha Abhiyan, GOI 2012-13 The Sarva Shiksha Abhiyan (SSA) is the Government of India's (GOI) flagship elementary education programme. Launched in 2001, it aims to provide universal primary education
More informationRBI/ /49 DNBS.(PD)CC.No. 347 / / July 1, 2013
RBI/2013-14/49 DNBS.(PD)CC.No. 347 /03.10.38/2013-14 July 1, 2013 To, All NBFCs(excluding RNBCs) Dear Sirs, Master Circular- Introduction of New Category of NBFCs - Non Banking Financial Company-Micro
More informationREVISED OPERATIONAL GUIDELINES GRAMIN BHANDARAN YOJANA. (Effective from )
REVISED OPERATIONAL GUIDELINES GRAMIN BHANDARAN YOJANA 1. BACKGROUND (Effective from 26.06.2008) It is well known that the small farmers do not have the economic strength to retain the produce with them
More informationFinancial Innovation in Indian Agricultural Credit Market: Progress and Performance of Kisan Credit Card
Ind. Jn. of Agri.Econ. Vol.66, No.3, July-Sept. 2011 SUBJECT III INNOVATIONS IN AGRICULTURAL CREDIT MARKET - RATIONALISATION OF POLICY RESPONSE Financial Innovation in Indian Agricultural Credit Market:
More informationBest Practices in CRAR improvement and Share Capital Mobilization of Dharmapuri District Central Co-operative Bank, Dharmapuri, Tamil Nadu
Best Practices in CRAR improvement and Share Capital Mobilization of Dharmapuri District Central Co-operative Bank, Dharmapuri, Tamil Nadu Sivasankaran. G General Manager Dharmapuri District Central Co-operative
More informationLoan Application Form. BRANCH Application No. APPLICATION FORM FOR AGRICULTURAL CREDIT (FINANCING FOR AGRI CLINIC/ AGRI BUSINESS CENTER)
Loan Application Form BRANCH Application No. Year APPLICATION FORM FOR AGRICULTURAL CREDIT (FINANCING FOR AGRI CLINIC/ AGRI BUSINESS CENTER) The Branch Head IDBI ltd Dear Sir, Photo (affix for each applicant)
More informationAll State (Scheduled and Non-Scheduled) Co-operative Banks and Central Co-operative Banks
RPCD.No.RF.492A/A.6-85 March 29, 1985 All State (Scheduled and Non-Scheduled) Co-operative Banks and Central Co-operative Banks Dear Sir, Banking Laws (Amendment) Act, 1983 - Bringing into Force of Remaining
More informationGST Update M.S. CHHAJED & CO. GST UPDATE 2/
GST Update 02 2018-19 01st June 2018 FOR PRIVATE CIRCULATION ONLY M.S. CHHAJED & CO. GST UPDATE 2/18-19 1 E-way Bill Now E-way Bill shall be required to be generated for intra-state movement of goods in
More informationState Government Borrowing: April September 2015
November 5, 2015 Economics State Government Borrowing: April September 2015 State Development Loans (SDL) are debt issued by state governments to fund their fiscal deficit. States in India like the centre,
More information¼ããÀ ããè¾ã ¹ãÆãä ã¼ãîãä ã ããõà ãäìããä ã½ã¾ã ºããñ à Securities and Exchange Board of India
CIRCULAR CIR/IMD/DF/6/2015 September 15, 2015 To, All Recognised Stock Exchanges All Registered Merchant Bankers All Credit Rating Agencies All NBFCs through stock exchanges, where they are listed. Dear
More informationWest Bengal Budget Analysis
0.3% 3. 2.3% 6.4% 5.9% 8.8% 8. 8. 11.4% 10.2% 11. 15. West Bengal Budget Analysis The Finance Minister of West Bengal, Dr. Amit Mitra presented the Budget for financial year on January 31, 2018. Budget
More informationFinancial Results Q1 FY July 28, 2015
Financial Results Q1 FY 2015-16 July 28, 2015 A Step Towards Digitalization 2 Performance Highlights Business Opex Profitability Global Business increased by 8.6% to ` 582817 crore Savings Deposits grew
More informationThe Chairman/ Managing Director of All Public Sector Banks Chairman of All Regional Rural Banks ( through Sponsored Banks)
To F. No. 21/13/2009-FI (Vol II-Pt.) Government of India Ministry of Finance Department of Financial Services ***** Jeevan Deep Building, Sansad Marg, New Delhi, dated the 4 th April, 2012 The Chairman/
More informationBUDGET BRIEFS Vol 9/Issue 3 Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) GOI, ,07,758 cr
BUDGET BRIEFS Vol 9/Issue 3 Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) GOI, 2017- HIGHLIGHTS 1,07,758 cr Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is
More informationDharmapuri District Central Co-operative Bank, Dharmapuri, Tamil Nadu.
Dharmapuri District Central Co-operative Bank, Dharmapuri, Tamil Nadu.. Date of Registration Date of Commencement Date of RBI License obtained No.of Branches Area of operation :31.10.1966 :17.11.1966 :14.12.1966
More information1.1 Withdrawal of cash by any mode from any account other than SB account. Any A/c holder other than above
BANKING CASH TRANSACTION TAX (BCTT) EFFECTIVE 01.06.2005 Banking Cash Transaction Tax has been introduced for the first time by the Finance Act, 2005 as an anti tax evasion measure, which is made applicable
More informationNATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT MICRO CREDIT INNOVATIONS DEPARTMENT (mcid)
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT MICRO CREDIT INNOVATIONS DEPARTMENT (mcid) No. NB/mCID/875/[nnov.JLGI 2006-07. Circular. No.ll51 I MClD 4 12006 07 September 2006. All State Co-Operative
More informationEXPORT OF GOODS AND SOFTWARE REALISATION AND REPATRIATION OF EXPORT PROCEEDS LIBERALISATION
Corporate Law Alert J. Sagar Associates advocates and solicitors Vol.16 April 30, 2011 RBI EXPORT OF GOODS AND SOFTWARE REALISATION AND REPATRIATION OF EXPORT PROCEEDS LIBERALISATION The Reserve Bank of
More informationIJPSS Volume 2, Issue 9 ISSN:
REGIONAL DISPARITY IN THE DISTRIBUTION OF AGRICULTURAL CREDIT DR.S.GANDHIMATHI* DR.P.AMBIGADEVI** V.SHOBANA*** _ ABSTRACT The Eleventh Five year plan makes specific focus on the inclusive growth of the
More informationKarnataka Budget Analysis
-4. 3. 8.9% 7.7% 8.6% 7. 8. 10.3% 14. 19.7% 19.8% 15. 13.4% 13.6% 13.4% 11.8% 11. 11.8% 12. 17.4% Karnataka Budget Analysis The Chief Minister and Finance Minister, Mr. H. D. Kumaraswamy presented the
More informationFINANCIAL PERFORMANCE EVALUATION OF REGIONAL RURAL BANKS OF INDIA
FINANCIAL PERFORMANCE EVALUATION OF REGIONAL RURAL BANKS OF INDIA INTRODUCTION As India is a developing country, the Government of India continuously tries for the well being of citizens. Because 70% of
More informationANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA PRAGATHI JAI KISAN LOAN SCHEME
ANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA Circular No. 68-2006-BC-CRD Date:6.9.2006 PRAGATHI JAI KISAN LOAN SCHEME Branches are aware that the agriculturists require adequate hassle-free term
More informationGrowth Powered by Technology, Driven by Customers. Financial Results 31 st March 2017
Financial Results 31 st March 2017 Performance Highlights Q4 FY 2016-17 NET INTEREST INCOME ` 989.49 cr NON INTEREST INCOME ` Rs.450.16 cr OPERATING PROFIT ` Rs.703.12 cr NET PROFIT ` 203.99 cr NET INTEREST
More informationFinancial Results Q2 & H1 FY November 06, 2015
Financial Results Q2 & H1 FY 2015-16 November 06, 2015 Highest Gainer in Brand Value Brand value rises 72% on accelerated digitalization efforts. 2 Structural Transformation Initiative 3 Performance Highlights
More informationRBI/ /69 DBR.No.FID.FIC.1/ / July 1, Master Circular - Resource Raising Norms for Financial Institutions
RBI/2015-16/69 DBR.No.FID.FIC.1/01.02.00/2015-16 July 1, 2015 All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Master Circular - Resource Raising Norms for
More informationRequest for Proposal (RFP) For SMS Solution in Bank of India & its Sponsored RRBs Ref : HO:IT:SMS: Dated
Request for Proposal (RFP) For SMS Solution in Bank of India & its Sponsored RRBs Ref : HO:IT:SMS:2017-18 Dated 10.01.2018 Corrigendum 1 Dated 22.01.2018 S No. Page No/ Article No 1. 5 Old Clause Last
More informationRBI/ /161 DNBS (PD) CC.No.300 / / August 03, 2012
RBI/2012-13/161 DNBS (PD) CC.No.300 /03.10.038/2012-13 August 03, 2012 All NBFCs Dear Sir, Non Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) Directions Modifications Please refer to
More informationFood Processing Fund Operational Guidelines
Food Processing Fund 2014-15 Operational Guidelines Government of India (GoI) has accorded top priority for the development of the food processing industry in the country and accordingly in reply to the
More informationDividend Distribution Policy
Dividend Distribution Policy Effective from FY 2016-2017 Shares Department Central Office, Karur 1. Objective The Objective of this policy is to lay down the criteria to be considered by the Board of
More informationCREDIT GUARANTEE FUND SCHEME FOR SKILL DEVELOPMENT (CGFSSD) CHAPTER I
CREDIT GUARANTEE FUND SCHEME FOR SKILL DEVELOPMENT (CGFSSD) INTRODUCTION CHAPTER I 1. Title and date of commencement (i) The Scheme shall be known as the Credit Guarantee Fund Scheme for Skill Development
More informationFinancial Performance of Regional Rural Banks in India For Post Merger Period: An Analytical study
INTRODUCTION Financial Performance of Regional Rural Banks in India For Post Merger Period: An Analytical study Sweety Madan, Assistant Professor, D A V Centenary College, Faridabad As India is a developing
More informationJammu and Kashmir Budget Analysis
Jammu and Kashmir Budget Analysis The Finance Minister of Jammu and Kashmir, Mr. Haseeb A. Drabu, presented the Budget for Jammu and Kashmir for the financial year on January 11, 2018. Budget Highlights
More informationSTATE DOMESTIC PRODUCT
CHAPTER 4 STATE DOMESTIC PRODUCT The State Domestic Product (SDP) commonly known as State Income is one of the important indicators to measure the economic development of the State. In the context of planned
More informationInternational Journal for Research in Applied Science & Engineering Technology (IJRASET) Status of Urban Co-Operative Banks in India
Status of Urban Co-Operative Banks in India Siddhartha S Vishwam 1, Dr. B. S. Chandrashekar 2 1 Research Scholar, DOS in Economics and Co-operation, University of Mysore, Manasagangothri, Mysore 2 Assistant
More information79,686 cr GoI allocations for the Ministry of Human Resource Development (MHRD) in FY
BUDGET BRIEFS Vol 10/ Issue 1 Sarva Shiksha Abhiyan (SSA) GoI, 2017-18 Sarva Shiksha Abhiyan (SSA) is the Government of India s (GoI) flagship elementary education programme. Launched in 2001, it aims
More informationIndian Regional Rural Banks Growth and Performance
Indian Regional Rural Banks Growth and Performance Syed Mahammad Ghouse ghouse.marium@gmail.com Narayana Reddy tnreddy.jntua@gmail JNTU College of Engineering Regional rural Banks play a vital role for
More informationC O N T E N T S. Sr. No. Particulars From To. 2 Support for demonstrating Banking Technology under FIF 3 5
C O N T E N T S Sr. No. Particulars From To 1 Data Migration/feeding of PACS data to CBS- Support for cooperatives under FIF 1 2 2 Support for demonstrating Banking Technology under FIF 3 5 3 Support for
More informationTable DF-2: Capital Adequacy
ANDHRA BANK ( A Govt. of India Undertaking) Disclosures under Basel III Capital Regulations (Pillar III) as on 30.06.2018 Table DF-2: Capital Adequacy Qualitative disclosures: A summary discussion of the
More informationCREDIT GUARANTEE FUND SCHEME FOR MICRO AND SMALL ENTERPRISES INDEX
CREDIT GUARANTEE FUND SCHEME FOR MICRO AND SMALL ENTERPRISES INDEX Chapter Section Title Page I II III IV V VI INTRODUCTION No(s) 1 Title and date of commencement 1 2 Definitions 1-2 SCOPE AND EXTENT OF
More informationRBI/ /409 DBR.No.FSD.BC.62/ / January 15, 2015
RBI/2014-2015/409 DBR.No.FSD.BC.62/24.01.018/2014-15 January 15, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Entry of Banks into Insurance Business Please refer to our Circular
More informationGujarat Budget Analysis
Gujarat Budget Analysis The Finance Minister of Gujarat, Mr. Nitin Patel, presented the Budget for financial year on February 20, 2018. Budget Highlights The Gross State Domestic Product of Gujarat for
More informationModified National Agricultural Insurance Scheme (MNAIS)
Pilot Modified National Agricultural Insurance Scheme (MNAIS) Operational Guidelines 1. NATURE OF THE SCHEME Modified National Agricultural Insurance Scheme (MNAIS) will be implemented in 50 selected districts
More informationANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE : KADAPA
ANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE : KADAPA Circular No.248-2008-BC-CD Date:02.12.08 CREDIT RISK RATING SYSTEM Attention of all the Branches / Regional Offices / Societies is drawn to the captioned
More informationSOLAR ENERGY CORPORATION OF INDIA LIMITED DRAFT 1000 MW GRID CONNECTED ROOF TOP SOLAR PV SCHEME FOR GOVERNMENT BUILDINGS UNDER CAPEX AND RESCO MODELS
SOLAR ENERGY CORPORATION OF INDIA LIMITED DRAFT 1000 MW GRID CONNECTED ROOF TOP SOLAR PV SCHEME FOR GOVERNMENT BUILDINGS UNDER CAPEX AND RESCO MODELS 1000 MW GRID CONNECTED ROOF TOP SOLAR PV SYSTEM SCHEME
More informationBCC:BR:107/ CIRCULAR TO ALL BRANCHES AND OFFICES IN INDIA
BCC:BR:107/ 158 01.04.2015. CIRCULAR TO ALL BRANCHES AND OFFICES IN INDIA Dear Sir, ISSUED BY RETAIL BANKING DEPARTMENT DEPARTMENT Sub File: ADV - 2 Re: Baroda Loan to Pensioners Modifications. Baroda
More informationGOVERNMENT OF INDIA MINISTRY OF HOME AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 2557
GOVERNMENT OF INDIA MINISTRY OF HOME AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 2557 TO BE ANSWERED ON THE 01 ST AUGUST, 2017 / SHRAVANA 10, 1939 (SAKA) PENSION TO FREEDOM FIGHTERS 2557. SHRI TAMRADHWAJ
More informationMicrofinance Industry Penetration in India: A State - wise Analysis in Context of Micro Credit
24 Microfinance Industry Penetration in India: A State - wise Analysis in Context of Micro Credit Laxmi Devi, Assistant Professor, Gargi College, University of Delhi Umed Yadav, Student, Dept. of Commerce,
More informationSELF HELP GROUPS BANK LINKAGE PROGRAMME
ANDHRA PRAGATHI GRAMEENA BANK HEAD OFFFICE ::KADAPA Circular No. 145-2006-BC-CST Date:14.12.2006 SELF HELP GROUPS BANK LINKAGE PROGRAMME You are aware that Self Help Groups Bank Linkage programme is a
More informationREPORT ON THE WORKING OF THE MATERNITY BENEFIT ACT, 1961 FOR THE YEAR 2010
REPORT ON THE WORKING OF THE MATERNITY BENEFIT ACT, 1961 FOR THE YEAR 2010 1. Scope and Objective 1.1 The Maternity Benefit Act, 1961 extends to the whole of the Indian Union and applies to every factory,
More information2011: Annexure I. Guidelines/Norms for Utilization of Funds for conducting Soeio-Economic and Caste Census
Annexure I I. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Guidelines/Norms for Utilization of Funds for conducting Soeio-Economic and Caste Census 2011: State wise Number of s may be taken as per population
More informationÀãÓ Èãè¾ã ãðšãäóã ããõà ØãÆã½ããè ã ãäìã ãšãôã ºãö ãš
NABARD ÀãÓ Èãè¾ã ãðšãäóã ããõà ØãÆã½ããè ã ãäìã ãšãôã ºãö ãš NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT ¹ã㪠ã ãé ã ãäìã¼ããøã Production Credit Department ¹Êããù Ôãâ Ôããè 24 Plot No. C-24, ºÊããù
More informationDirecting the Credit for Agricultural Growth in Jammu & Kashmir
: Vol. 59 Special Issue: 767-772: 2014 78 Directing the Credit for Agricultural Growth in Jammu & Kashmir Sudhakar Dwivedi 1*, Pawan Kumar Sharma 2 and Rajinder Peshin 3 1, 2 Division of Agricultural Economics
More informationSubject: Project Imports Regulations, 1986 (PIR) Instructions regarding. *** Sir / Madam,
Circular No.22/2011-Customs To F.No.528/38/2008-Cus.(TU) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs 227-B, North Block. New Delhi-110001. 4 th May,
More informationUjwal Discom Assurance Yojana
Ujwal Discom Assurance Yojana 9 th December, 2017 DFID s Technical Assistance Programme Supporting structural reforms in the Indian Power Sector The UK s Department for International Development (DFID)
More informationCREDIT GUARANTEE FUND SCHEME FOR EDUCATION LOANS (CGFSEL) CHAPTER I
CREDIT GUARANTEE FUND SCHEME FOR EDUCATION LOANS (CGFSEL) INTRODUCTION 1. Title and date of commencement CHAPTER I (i) The Scheme shall be known as the Credit Guarantee Fund Scheme for Education Loan (CGFSEL).
More informationTHE ROLE OF CO-OPERATIVE CREDIT SOCIETIES IN RURAL CREDIT
Chapter II THE ROLE OF CO-OPERATIVE CREDIT SOCIETIES IN RURAL CREDIT The rural co-operative credit structure in India consists of two parts, one provides short-term and medium-term loans and the other
More informationApril 16, BSE Limited Listing Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai Dear Sirs,
an April 16, 2018 BSE Limited Listing Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 Dear Sirs, National Stock Exchange of India Limited Listing Department Exchange Plaza, 5th floor Plot
More informationBASEL III INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED MUMBAI BRANCH
2013-2014 BASEL III INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED MUMBAI BRANCH 1. Scope of Application Qualitative Disclosures: (a) (b) The capital Adequacy framework is applicable to Industrial and
More informationRBI/ /46 DBOD.No.FID.FIC.1/ / July 2, Master Circular - Resource Raising Norms for Financial Institutions
RBI/2012-13/46 DBOD.No.FID.FIC.1/01.02.00/2012-13 July 2, 2012 The CEOs of the All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Master Circular - Resource
More informationBUDGET BRIEFS Volume 9, Issue 4 National Health Mission (NHM) GOI,
BUDGET BRIEFS Volume 9, Issue 4 National Health Mission (NHM) GOI, 217-18 HIGHLIGHTS The National Health Mission is the Government of India s (GOI) largest public health programme. It consists of two sub-missions:
More information`6,244 cr GOI allocations for Ministry of Drinking Water and Sanitation(MoDWS) in FY
Accountability Initiative Research and Innovation for Governance Accountability The Swachh Bharat Mission (SBM), previously called the Nirmal Bharat Abhiyan (NBA), is the Government of India s (GOI) flagship
More informationRegional Rural Banks In Maharashtra State - Performance Evaluation Of Regional Rural Banks Of Maharashtra State Using CAMEL Method
Regional Rural Banks In Maharashtra State - Performance Evaluation Of Regional Rural Banks Of Maharashtra State Using CAMEL Method Suneet Sureshchandra Kopra Research Scholar, Singhania University, Pacheri
More informationRESERVE BANK OF INDIA
RESERVE BANK OF INDIA www.rbi.org.in RBI/2011-12/551 DBOD.No.BP.BC- 104 /21.04.048/2011-12 May 10, 2012 The Chairman and Managing Director/ Chief Executive Officer All Scheduled Commercial Banks Dear Sir,
More informationInvestor Presentation
FINANCIAL RESULTS FOR THE QUARTER & NINE-MONTH ENDED DEC 2013 Investor Presentation UCO BANK 1 BANKS OPERATING ENVIRONMENT Positives in Q3: Improving liquidity situation Ebbing stress on cost of funds
More information