CO:RURAL BANKING DEPARTMENT. Revised Kisan Credit Card (KCC) Scheme
|
|
- Leonard Parks
- 5 years ago
- Views:
Transcription
1 a MAIN : ADV - 29/ DT 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 Credit Card Scheme way back in the year (Ref: ADV.160/ dated ). Further, we have communicated the Kisan Credit Card Modification of guidelines vide circular ADV.136/ dated During November 2011, the Department of Financial Services, Ministry of Finance, Government of India constituted a Working Group under the Chairmanship of Shri T.M.Bhasin, our Chairman and Managing Director, comprising members from Reserve Bank of India, NABARD and National Payments Corporation of India (NPCI) to review the existing KCC scheme and suggest changes to make it a Smart Card cum Debit Card. The recommendations of the Working Group have been accepted by the Government of India. Based on that, NABARD vide circular Ref No. 71/PCD -04 / dated and Reserve Bank of India vide circular Ref No RPCD.FSD.BC.No.77/ / dated have communicated the revised Kisan Credit Card (KCC) Scheme for implementation by all banks. Our Board in the meeting held on , adopted the revised KCC scheme and the guidelines for implementation by our branches. The salient features of the guidelines include the following: Assessment of crop loan component based on the scale of finance for the crop plus insurance premium x extent of area cultivated + 10% of the limit towards post-harvest / household/consumption requirements + 20% of limit towards maintenance expenses of farm assets. Flexi KCC with simple assessment prescribed for Marginal Farmers. Validity of KCC for 5 years. For crop loans, no separate margin need to be insisted as the margin is in-built in scale of finance. No withdrawal in the account to remain outstanding for more than 12 months; no need to bring the debit balance in the account to zero at any point of time.
2 Interest subvention /incentive for prompt repayment to be available as per the Government of India and / or State Government norms. No processing fee up to a limit of Rs lakh One time documentation at the time of first availment and thereafter simple declaration (about crops raised/ proposed) by farmer. KCC cum SB account to be provided to farmers instead of having two separate accounts. The credit balance in KCC cum SB accounts is to be allowed to fetch interest at savings bank rate. Disbursement to be effected through various delivery channels, including ICT driven channels like ATM/ PoS/ Mobile handsets. Operational guidelines of the revised Kisan Credit Card (KCC) scheme including illustrations on assessment of KCC limit are given in annexure I. Besides, additional guidelines on documentation and product codes are given in annexure II for guidance of branches. Action points for various functionaries to implement the scheme are given in annexure III. All the branches are advised to ensure 100% coverage of all eligible farmers in their operational area under the revised KCC Scheme during the ensuing Kharif season itself. Zonal Managers should personally monitor to ensure smooth and time bound implementation of the revised scheme. All staff members should be enlightened about the revised scheme with a view to popularize the same among the farming community and participate in the process of transformation of rural credit delivery mechanism. G N HEGDE GENERAL MANAGER (TMD/RBD) 2
3 Annexure I Kisan Credit Card (KCC) scheme - Revised operational guidelines 1. Purpose: a. To meet the short term credit requirements for cultivation of crops b. Post harvest expenses c. Produce Marketing loan d. Consumption requirements of farmer households e. Working capital for maintenance of farm assets and activities allied to agriculture, like dairy animals, inland fisheries etc f. Investment credit requirements for agriculture and allied activity like pumpsets, sprayers, dairy animals etc Note: The aggregate of components a. to e. above will form the short term credit limit portion and the aggregate of components under f will form the long term credit limit portion. 2. Eligibility: a. All Farmers Individuals / Joint borrowers who are owner cultivators b. Tenant Farmers, Oral Lessees & Share Croppers c. Self Help Groups or Joint Liability Groups of Farmers including tenant farmers, share croppers etc 3. Fixation of credit limit / Loan amount: The credit limit under the Kisan Credit Card may be fixed as under: 3.1. All farmers other than marginal farmers: a. For farmers raising single crop in a year Short term limit: Scale of finance for the crop (as decided by District Level Technical Committee) x Extent of area cultivated + 10% of limit towards post-harvest / household / consumption requirements + 20% of limit towards repairs and maintenance expenses of farm assets + crop insurance, PAIS and asset insurance. 3.1.a.1. Term loans for investments towards land development, minor Irrigation, purchase for farm equipments and allied agricultural activities: The quantum of credit for term and working capital limit for agricultural and allied activities etc., is to be arrived at based on the unit cost of the asset/s proposed to be acquired by the farmer, the allied activities already being undertaken on the farm, repayment capacity vis-a-vis total loan burden devolving on the farmer, including existing loan obligations. 3
4 3.1.a.2. The Kisan Credit Card limit is to be arrived as under: First year limit for crop cultivation purpose arrived at as above plus 10% of the limit towards cost escalation / increase in scale of finance for every successive year ( 2 nd, 3 rd, 4 th and 5 th year) and estimated Term loan component for the tenure of Kisan Credit Card i.e. five years. b. For farmers raising more than one crop in a year, the limit is to be fixed as above depending upon the crops cultivated as per proposed cropping pattern for the first year and an additional 10% of the Limit towards cost escalation / increase in scale of finance for every successive year (2 nd, 3 rd, 4 th and 5 th year). It is assumed that the farmer adopts the same cropping pattern for the remaining four years also. In case, the cropping pattern adopted by the farmer is changed in the subsequent year, the limit may be reworked. 3.1.b.1. The long term loan limit based on the proposed investments during the five year period is to be arrived at as per para 3.1.a b.2. Maximum Permissible Limit: Short term loan limit arrived for the 5 th year plus the estimated Long Term loan requirement for five years will be the Maximum Permissible Limit (MPL) and treated as the Kisan Credit Card Limit. 3.1.b.3. Fixation of Sub-limits for other than Marginal farmers: (i) (ii) Short term loans and Term loans are governed by different interest rates. Besides, at present, short term crop loans are covered under Interest Subvention Scheme/ Prompt Repayment Incentive scheme. Further, repayment schedule and norms are different for Short term and Term loans. Hence, in order to have operational and accounting convenience, the card limit is to be bifurcated into separate sub limits for Short term cash credit limit cum Savings account and Term loans. Drawing limit for short term cash credit should be fixed based on the cropping pattern. The amounts for crop production, repairs and maintenance of farm assets and consumption may be allowed to be drawn as per the convenience of the farmer. In case the revision of scale of finance for any year by the district level committee exceeds the notional hike of 10% contemplated while fixing the five year limit, a revised drawable limit may be fixed and the farmer be advised about the same. In case such revisions require the card limit itself to be enhanced (4 th or 5 th year), the same may be done and the farmer be so advised. For term loans, installments may be allowed to be withdrawn based on the nature of investment and repayment schedule drawn as per the economic life of the proposed investments. It is to be ensured that at any point of time the total liability should be within the drawing limit of the concerned year. 3.2 For Marginal Farmers: 4
5 A flexible limit of Rs.10,000 to Rs.50,000 be provided (as Flexi KCC) based on the land holding and crops grown including post harvest warehouse storage related credit needs and other farm expenses, consumption needs etc. plus small term loan investments like purchase of farm equipments, establishing mini dairy/backyard poultry as per assessment of Branch Manager without relating it to the value of land. The composite KCC limit is to be fixed for a period of five years on this basis. 3.3 Illustrations for arriving at Card Limit are annexed. 4. Disbursement : 4.1. The short term component of the KCC limit is in the nature of revolving cash credit facility. There is no restriction in number of debits and credits. However, each installment of the drawable limit drawn in a particular year will have to be repaid within 12 months. The drawing limit for the current season/year could be allowed to be drawn using any of the following delivery channels. a. Operations through branch b. Operations using Cheque facility c. Withdrawal through ATM / Debit cards d. Operations through Business Correspondents and ultra thin branches. e. Operations through PoS available in Sugar Mills/ Contract farming companies, etc., especially for tie-up advances f. Operations through PoS available with input dealers g. Mobile based transfer transactions at agricultural input dealers and mandies. Note: a, b and c are operational now. Subsequently other delivery channels are proposed to be operational in a phased manner. 4.2 The long term loan for investment purposes may be drawn as per installment fixed. As the CC limit and the term loan limit are two distinct components of the aggregate card limit bearing different rates of interest and repayment periods, until a composite card could be issued with appropriate software to separately account transactions in either sub limits, two separate electronic cards may be issued. 5. Validity: i. The Kisan Credit Card is valid for 5 years subject to an annual review. ii. The review may result in continuation of the facility, enhancement of the limit or cancellation of the limit / withdrawal of the facility, depending upon increase in cropping area / pattern and performance of the borrower. iii. When extension and/or re-schedulement of the period of repayment on account of natural calamities affecting the farmer is granted, the period for reckoning the status of operations as satisfactory or otherwise would get 5
6 extended together with the extended amount of limit. When the proposed extension is beyond one crop season, the aggregate of debits for which extension is granted is to be transferred to a separate term loan account with stipulation for repayment in installments. 6. Rate of Interest (ROI): 6.1. ROI linked to Base Rate. However, if Government supported interest subvention is provided for any component of the limit, the rate of interest is to be fixed accordingly. (Presently interest rate for short term crop loans/kcc sanctioned to farmers up to Rs 3.00 lakh is 7% as per extant interest subvention scheme of Government of India). 6.2 Long term loan limit under KCC is linked to base rate. 7. Margin: 7.1. For crop loans, no separate margin need be insisted as the Margin is inbuilt while fixing the Scales of Finance. For term loan component, it will be in conformity with the guidelines of RBI from time to time. 8. Security: 8.1. Security will be applicable as per RBI guidelines prescribed from time to time Security requirements are as under: Hypothecation of crops up to card limits of Rs 1.00 lakh as per RBI extant guidelines. With tie-up for recovery: Hypothecation of Crops up to card limit of Rs.3.00 lakh without insisting on collateral security. Collateral security by way of mortgage of immovable property is to be obtained for loan limits above Rs.1.00 lakh in case of non tie-up and above Rs.3.00 lakh in case of tie-up advances In States where banks have the facility of online creation of charge on the land records, the same shall be ensured. 9. Repayment period: 9.1 Each withdrawal under the short term sub-limit as estimated under (a) to (e) of para 1 above, be allowed to be liquidated in 12 months without the need to bring the debit balance in the account to zero at any point of time. No withdrawal in the account should remain outstanding for more than 12 months. 9.2 The term loan component will be repayable depending on the type of activity/ investment as per the existing guidelines applicable for investment credit. 10. Other features: 6
7 a. Interest Subvention/Incentive for prompt repayment is applicable as advised by Government of India. Our branches should make the farmers aware of this facility. b. The KCC holder should have the option to take benefit of Crop Insurance, Assets Insurance, Personal Accident Insurance Scheme (PAIS), and Health Insurance (wherever product is available and have premium paid through his/her KCC account). Necessary premium will have to be paid on the basis of agreed ratio between bank and farmer to the insurance companies from KCC accounts. Farmer beneficiaries should be made aware of the insurance cover available and their consent is to be obtained, at the application stage itself. Note: 100% crop insurance coverage of all crop loans sanctioned for notified crops in notified areas should be ensured by the branches. c. One time documentation at the time of first availment and thereafter simple declaration (about crops raised / proposed) by farmer from the second year onwards. d. No processing fee should be charged up to a card limit of Rs 3.00 lakh. e. Farmers to be provided with KCC Short Term sub-limit cum SB account so as to allow credit balance in KCC cum SB accounts to fetch interest at savings bank rate. A separate folio needs to be maintained for the long term sub-limit until both the sub-limits are integrated through an electronic card with suitable software. Illustration Assessment of KCC LIMIT 7
8 1. Small Farmer raising Multiple Crops in a year 1. Assumptions: 1. Land holding: 2 acres 2. Cropping Pattern : Paddy - 1 acre (Scale of finance plus crop insurance per acre : Rs.11000) Sugarcane - 1 acre (Scale of finance plus crop insurance per acre: Rs.22000) 3. Investment/Allied Activities : (i) Establishment of 1+1 Dairy Unit in 1 st Year( Unit Cost : Rs per animal) (ii) Replacement of Pump set in 3 rd year ( Unit Cost : Rs.30000) 2. Assessment of Card Limit (i) Crop loan Component Cost of cultivation of 1 acre of Paddy and 1acre of Sugarcane ( ) : Rs Add: 10% towards post harvest/household expense/consumption : Rs Add: 20% towards farm maintenance : Rs Total Crop Loan limit for 1 st year : Rs Loan Limit for 2 nd year Add: 10% of the limit towards cost escalation/increase in scale of finance (10% of i.e 4300) : Rs :Rs Loan Limit for 3 rd year Add: 10% of the limit towards cost escalation/increase in scale of finance (10% of i.e 4700) : Rs : Rs Loan Limit for 4 th year Add: 10% of the limit towards cost escalation/increase in scale of finance (10% of i.e 5200) : Rs :Rs Loan Limit for 5 th year Add: 10% of the limit towards cost escalation/increase in scale of finance (10% of i.e 5700) : Rs
9 : Rs Say Rs (A) (ii) Term loan component: 1 st Year :Cost of 1+1 Dairy Unit : Rs rd Year : Replacement of Pumpset : : Rs Total term loan amount : Rs (B) Maximum Permissible Limit /Kisan Credit Card Limit (A) +(B) : Rs /- Note: Drawing Limit will be reduced every year based on repayment schedule of the term loan(s) availed and withdrawals will be allowed up to the drawing limit. 9
10 2. Other Farmer raising Multiple Crops in a year 1. Assumptions: 2. Land Holding: 10 acres 3. Cropping Pattern: Paddy- 5 acres (Scale of finance plus crop insurance per acre Rs.11000) Followed by Groundnut - 5 acres (Scale of finance plus crop insurance per acre Rs.10000) Sugarcane - 5 acres (Scale of finance plus crop insurance per acre Rs.22000) 4. Investment/Allied Activities : (i) Establishment of 2+2 Dairy Unit in 1 st Year ( Unit cost : Rs ) (ii) Purchase of Tractor in 1 st Year( Unit Cost : Rs ) 2. Assessment of Card Limit (i) Crop loan Component Cost of cultivation of 5 acres of Paddy, 5 Acres of Groundnut and 5 acres of Sugarcane : Rs Add: 10% towards post harvest/household expense/consumption : Rs Add: 20% towards farm maintenance : Rs Total Crop Loan limit for 1 st year Loan Limit for 2 nd year : Rs Add: 10% of the limit towards cost escalation/increase in scale of finance (10% of i.e 27950) : Rs :Rs Loan Limit for 3 rd year Add: 10% of the limit towards cost escalation/increase in scale of finance (10% of i.e 30750) : Rs :Rs Loan Limit for 4 th year Add: 10% of the limit towards cost escalation/increase in scale of finance (10% of i.e 33800) : Rs :Rs Loan Limit for 5 th year Add: 10% of the limit towards cost escalation/increase in scale of finance (10% of i.e 37200) : Rs :Rs Say Rs (A) 10
11 (ii) Term loan component: 1 st Year :Cost of 2+2 Dairy Unit : Rs Purchase of Tractor : Rs Total term loan amount : Rs (B) Maximum Permissible Limit /Kisan Credit Card Limit (A) + (B) : Rs /- Note : Drawing Limit will be reduced every year based on repayment schedule of the term loan(s) availed and withdrawals will be allowed up to the drawing limit. 11
12 3. Marginal Farmer raising Single Crop in a year 1. Assumptions: 1. Land holding: 1 acre 2. Crops grown: Paddy ( Scale of finance plus crop insurance per acre : Rs.11000/-) 3. There is no change in Cropping Pattern for 5 years 4. Allied Activities to be financed One Non Descript Milch Animal ( Unit Cost Rs: 15000) 2. Assessment of Card Limit: (i) Crop loan Component (Cost of cultivation for 1 acre of Paddy) : Rs Add: 10% towards post harvest/household expense/consumption : Rs Add: 20% towards farm maintenance : Rs Total Crop Loan limit for 1 st year : Rs A1 (ii) Term Loan Component Cost of One Milch Animal : Rs B 1 st Year Composite KCC Limit : (A1) + (B) : Rs nd Year : Crop loan component: A1 plus 10% of crop loan limit (A1) towards cost escalation/ increase in scale of finance [14300+(10% of 14300= 1430)] : Rs A2 2 nd Year Composite KCC Limit : A2+B ( ) : Rs rd Year : Crop loan component: A2 plus 10% of crop loan limit (A2) towards cost escalation/ increase in scale of finance [15730+(10% of 15730= 1570)] : Rs A3 3 rd Year Composite KCC Limit : A3+B ( ) : Rs
13 4 th Year : Crop loan component: A3 plus 10% of crop loan limit (A3) towards cost escalation/ increase in scale of finance [17300+(10% of 17300= 1730)] : Rs A4 4 th Year Composite KCC Limit : A4+B ( ) : Rs th Year : Crop loan component: A4 plus 10% of crop loan limit (A4) towards cost escalation/ increase in scale of finance [19030+(10% of 19030= 1900)] : Rs A5 5 th Year Composite KCC Limit : A5+B ( ) : Rs Say Rs Maximum Permissible Limit / Composite KCC Limit : Rs Note: Drawing Limit will be reduced every year based on repayment schedule of the term loan(s) availed and withdrawals will be allowed up to the drawing limit All the above costs estimated are illustrative in nature. The recommended scale of finance / unit costs may be taken into account while finalizing the credit limit. 13
14 Documentation: Annexure II Additional guidelines for documentation and product codes In accordance with the securities prescribed for the advances, appropriate documents from the following have to be taken. Agreement for hypothecation - Agricultural loans (Direct/Allied Activities) - D-68 Agreement of Guarantee - D-57 Equitable Mortgage - D-32/D-33/D-34/D-34A or Registered Mortgage - D-67 Disposal of proceeds letter - D-7 For renewal of KCC short term limit, application Form II (2) ( given in Annexure 4.8, Rural Banking Manual 2008) In case of tie-up arrangement Letter addressed by the borrower to sugar mill or procuring agency (F-118) Letter addressed by sugar mill or procuring agency to Bank (F- 119) For Short term and Term loan components of KCC limit, necessary documents / forms / requirement are to be obtained as mentioned in the Documentation manual (Ref Chapter 5 Page 5.79 to 5.85). Product Codes: KCC loans for crop production purposes sanctioned to farmers up to Rs.3.00 lakh will continue to be charged at 7% ROI as per extant Interest subvention scheme for short-term crop loans of the Govt. of India. Accounts eligible under Interest subvention scheme should be opened under KISAN CREDIT CARD 7% ( ) product code only. Accounts with short term limit beyond Rs 3.00 lakh and accounts which are not eligible to be covered under Interest Subvention scheme, if any, are to be opened under any one of the following product codes depending upon the limit KCC (50000) BASE RATE ( ) KCC (200000) BASE RATE ( ) KCC (500000) BASE RATE ( ) KCC ABOVE BASE RATE ( ) 14
15 For Term Loan components of the KCC limit, accounts are to be opened under the relevant product codes as applicable to type of activities. Annexure III ACTION POINTS FOR BRANCHES Henceforth, all fresh loans including renewal of agricultural loans (short term and long term) have to be considered under the new KCC scheme only. During village visits / pre season campaigns by BM/RDO, the farmers requests for KCC are to be ascertained for fresh loans /renewal of KCC. All existing KCC accounts may be converted into new KCC scheme during the tenure of the limit at the option of the farmers. New farmers are to be asked to submit land revenue record, photographs and KYC documents. Branch Manager/RDO should process the proposal with due diligence. Branch to ensure that the farmers have the following limits: The short term cash credit limit cum savings account in the nature of revolving cash credit facility. There is no restriction on number of debits and credits up to the drawing limit at any point of time. Investment requirement of farmers in the nature of term loans. Upon sanction, branch shall inform farmers to execute loan documents. Upon execution of documents at branch, the branch should apply for Kisan ATM cum Debit card to CO: ATM Card Section immediately. The screen for submitting Kisan card requests is provided in the URL On receipt of Kisan card, capturing of bio-metrics of the farmers is to be ensured and activated for all the KCC holders. While delivering card to the farmers, they should be educated / guided adequately to operate the accounts as per their need. Branch should disburse the loan immediately in cases where charge on land is not required to be created. Where charge is to be created on land, loan limit is to be disbursed after completion of charge creation. Proposed electronic Kisan Cards (ATM cum Debit cards) under RUPAY platform may be issued to KCC farmers in their existing accounts also (other than overdue accounts) facilitating them to operate the account at their convenience. Kisan card is specific to each KCC account. Hence, while renewing the existing accounts for a tenure of five years, care should be taken to ensure that same account number is maintained by obtaining appropriate documents. Card validity period is five years. 15
16 Where farmers have no access to any ATMs, cash withdrawals should be allowed at branches as allowed hitherto. Farmers who are issued ATM cum Debit Card should also be allowed to draw from the branch, if they so desire. However, they may be encouraged and educated to utilize the ATM facility wherever available. Branches should ensure regular follow up of advances for proper conduct of the accounts to maintain asset quality. Branches should issue Kisan Credit cards to all the eligible farmers in their command area during the ensuing Kharif season. FOR ZONAL OFFICES To conduct the meeting of Branch Managers and RDOs to sensitize them about the revised Kisan Credit Card scheme and its importance. To identify strategic locations for installing bio metric ATMs and provide necessary infrastructure to suit the current requirements i.e new delivery channels of disbursement of agricultural credit by biometric enabled ATM cum debit card. To ensure that necessary arrangements have been made (including deployment of officials/rdos to the needy branches) in rural and semi-urban branches for uninterrupted credit flow to meet the seasonal demand. To print and supply pamphlets/leaflets in local language on revised KCC scheme and ensure distribution of the same to farmers by branches. To fix weekly targets to branches to cover all the eligible households during the ensuing Kharif season itself and to monitor the issue of KCC ATM cum debit cards as per the identified list in each and every village. To review the progress on a daily basis and render proper guidance/support to branches wherever needed. To participate in pre season credit campaigns, monitor the branches for proper and effective conduct of the same To ensure distribution of Kisan ATM cum debit cards to all eligible farmers through wide publicity. ****************************************************************************************************** 16
ÀãÓ 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 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 informationRURAL BANKING DEPARTMENT. Sub: New Products to meet the credit requirements of farmers
MAIN : ADV-85/2012-13 DT. 26-10-2012 a SUB : Rural Lending-16 RURAL BANKING DEPARTMENT FILE M-2 S-201 Sub: New Products to meet the credit requirements of farmers GOI/MoF/DFS constituted a Working Group
More informationANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA
1 ANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA Circular No.76 2013-BC-CRD. Date:20-05-2013. PRAGATHI KISAN SWARNA (PKS) Scheme A new loan product to Agriculturists for investment credit against
More informationPRIORITY SECTOR LENDING - RRB
PRIORITY SECTOR LENDING - RRB Priority Sector lending includes lending to those sectors that impact large sections of the population, the weaker sections and the sectors which are employment-intensive
More informationState Level Bankers Committee Maharashtra State
State Level Bankers Committee Maharashtra State Special SLBC Meeting Focus on Flow of credit to Agriculture especially crop loans during current Kharif season in Maharashtra State Background Notes and
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 informationMaster circulars issued by the RBI
Master circulars issued by the RBI Master circular on Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework: In order to recalibrate the Framework to meet the objective
More informationANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA. Circular No BC-CD Date:
ANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA Circular No.207-2009-BC-CD Date: 12.09.2009 Security / norms for various Loans and Advances Cir. No. 15-2006 BC CRRD Dt. 25.06.2006 Attention of all
More informationFTgivap3ifegivffroife
Ref. No. NB.DOR / ST Policy / 1458 / A1 (Gen) / 2017-18 05 July 2017 *t,+si j&re3 CircularNo.165 /DOR-35 /2017 1. Thechairman, All Regional Rural Banks 2. The chairman and Managing Director, Dear Sir All
More informationCANARA BANK OFFICERS UNION (Regd) MODEL QUESTION PAPER - 6
1 CANARA BANK OFFICERS UNION (Regd) MODEL QUESTION PAPER - 6 1. Payment of principal and interest in Term deposit shall not be made in cash if the amount is a. Rs. 10000 and above b. Rs. 20000 and above
More informationNo.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 information/Head Office. Sl. Rate of Interest (linked with MCLR- Y) MCLR-Y=8.60% w.e.f Category of Advance
龸 ؼ 맘 κꔰؼ 퀍ᅧ퀍 κ フィート䁯 맘 /United Bank of India 맘 ؼ ᅧ맘맘 /Head Office Rate of interest Chart on various categories of loans and advances linked with MCLR MCLR internal benchmark rate for different maturities
More informationANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA. Guidelines for relief measures to farmers affected by natural calamities
ANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA Circular No.155-2008-BC-CD Date:14.07.08 Guidelines for relief measures to farmers affected by natural calamities Attention of all branches and Regional
More informationCANARA BANK OFFICERS UNION (Regd) MODEL QUESTION PAPER 1
1 CANARA BANK OFFICERS UNION (Regd) MODEL QUESTION PAPER 1 1. Canara Jeevan Dhara is a a. Life insurance cover b. Scheme for senior citizens c. Scheme for pensioners of age 60 & above d. a & b e. b & c
More informationSchemes Under Priority Sector
Schemes Under Priority Sector CORP KISAN FARM MECHANISATION (CKFM) Eligibility Farmers/ planters cultivating sizable land, capable of servicing the bank loan and meeting our normal lending standards. Purpose
More informationDocuments required for CUB JEWEL LOAN
Documents required for CUB JEWEL LOAN Demand Promissery Note Hypothecation Agreement Pledge Agreement Rates & Other Charges : Annexure II A. Rate of Interest on Advances for Agricultural purposes: Sl.
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 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 informationA Study on Indian Rural Banking Industry - Issues and Challenges
A Study on Indian Rural Banking Industry - Issues and Challenges Monika Bansal *, Sneha Department of Human Resource, BLS Institute of Technology Management, GGSIPU, New Delhi, India Article Info Article
More informationANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA. Cir. No BC-CD Date :
ANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA Cir. No. 133-2007-BC-CD Date : 11.7.2007 --------------------------------------------------------------------------------------------------- IMPLEMENTATION
More informationJHARKHAND GRAMIN BANK
JHARKHAND GRAMIN BANK HEAD OFFICE Branch Circular : 2012-13/06 Sub : Advances Sub-subject : AGRI-CLINICS AND AGRI-BUSINESS CENTRES (ACABC) SCHEME 2010 Ref : ADV:MKV Date: 16.06.2012 CIRCULAR TO ALL BRANCHES
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 informationFAIR PRACTICES CODE I) APPLICATION FOR LOANS & ADVANCES AND SCHEDULE OF CHARGES
FAIR PRACTICES CODE I) APPLICATION FOR LOANS & ADVANCES AND SCHEDULE OF CHARGES 1) The bank considers sanction of credit facilities to various types of borrowers, if such a request is received from them.
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 informationGovernment s Agricultural economic initiatives and challenges ahead
Government s Agricultural economic initiatives and challenges ahead Author: Prof. Pravin B. Rayate* Dr. Suhas. B. Dhande** Prof. Manoj R. Mahanubhav** Abstract: Indian economy is highly dependent on agriculture
More informationPRADHAN MANTRI J AN-DHAN YOJANA (PMJDY) - Frequently Asked Questions (FAQs)
PRADHAN MANTRI J AN-DHAN YOJANA (PMJDY) - Frequently Asked Questions (FAQs) Q. 1. What is Pradhan Mantri Jan-Dhan Yojana? Ans. Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion
More informationANNEXURE - I SCHEDULE OF INTEREST RATE ON LOANS AND ADVANCES Base 10.50% w.e.f
ANNEXURE - I SCHEDULE OF INTEREST RATE ON LOANS AND ADVANCES WORKING CAPITAL LIMITS AND TERM LOANS Advances upto Rs.25 Lacs Term loan & Working Capital - Priority BR + 3.25% - Non-Priority BR + 4% - NBFCs
More informationFrequently Asked Questions (FAQs) on Pradhan Mantri Jan Dhan Yojana (PMJDY)
Frequently Asked Questions (FAQs) on Pradhan Mantri Jan Dhan Yojana (PMJDY) Q. 1. What is Pradhan Mantri Jan-Dhan Yojana? Ans. Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion
More informationANNEXURE-I QUESTIONNAIRE FOR FARMERS
ANNEXURE-I QUESTIONNAIRE FOR FARMERS 1. Identification (i) State (ii) Distt. (iii) Tehsil (iv) Village (v) Block (vi) Name of the Head of Family (vii) Respondent 2. Household Composition S.No. Name Relationship
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 informationHome Loan Offer for Residents and NRIs - Introduced w.e.f to
MAIN: ADV-56 /2012-13 DT. 24-08-2012 a SUB : CRMKTG - 13 CO/PERSONAL BANKING DEPARTMENT FILE M- 2 S- 204 Home Loan - 2012 Offer for Residents and NRIs - Introduced w.e.f. 25.08.2012 to 31.10.2012 With
More informationPRADHAN MANTRI JAN-DHAN YOJANA (PMJDY) Frequently Asked Questions (FAQs)
PRADHAN MANTRI JAN-DHAN YOJANA (PMJDY) Frequently Asked Questions (FAQs) Q.1. What is Pradhan Mantri Jan-Dhan Yojana? Ans. Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion
More informationSai Om Journal of Commerce & Management A Peer Reviewed International Journal
Volume 4, Issue 2 (February, 2017) Online ISSN-2347-7571 Published by: Sai Om Publications Sai Om Journal of Commerce & Management INSTITUTIONAL CREDIT TO FARMERS: OVERVIEW OF PUNJAB STATE CO-OPERATIVE
More informationROLE OF RRB IN RURAL DEVELOPMENT. G.K.Lavanya, Assistant Professor, St.Joseph scollege
ROLE OF RRB IN RURAL DEVELOPMENT G.K.Lavanya, Assistant Professor, St.Joseph scollege ABSTRACT: The importance of the rural banking in the economic development of a country cannot be overlooked. The objective
More informationMaster Direction Reserve Bank of India (Relief Measures by Banks in Areas affected by Natural Calamities) Directions 2018 RRBs
भ रत य रज़वर ब क RESERVE BANK OF INDIA www.rbi.org.in RBI/FIDD/2018-19/65 Master Direction FIDD.CO.FSD.BC No.10/05.10.001/2018-19 October 17, 2018 The Chairman All Regional Rural Banks Madam / Sir, Master
More informationThe Chairman/Managing Director/Chief Executive Officer All scheduled commercial banks (excluding Regional Rural Banks)
RBI/2011-12/ 81 RPCD. No. PLFS. BC. 8 / 05.04.02/ 2011-12 July 1, 2011 The Chairman/Managing Director/Chief Executive Officer All scheduled commercial banks (excluding Regional Rural Banks) Dear Sir, MASTER
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 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 informationOperational Guidelines for PRICE STABILISATION FUND (PSF)
Operational Guidelines for PRICE STABILISATION FUND (PSF) Government of India Ministry of Agriculture Department of Agriculture & Cooperation Krishi Bhawan, New Delhi 26 th March, 2015 1 [[[ 1. Introduction
More informationCHAPTER IV LENDING OPERATIONS AND RECOVERY PERFORMANCE
CHAPTER IV LENDING OPERATIONS AND RECOVERY PERFORMANCE The management of funds has emerged as an area of vital importance for banks. The success of banks depends on the efficient management of funds. The
More informationDocuments required for CUB HOUSING LOAN
Documents required for CUB HOUSING LOAN PAN Card Voter ID Ration Card Driving Licence Passport Employment Details Salary Certificate Income Proof Quotation from the vendor Construction Agreement (for House
More informationReview of Literature:
Review of Literature: Agriculture sector is vital for India in view of the food and nutritional security of the nation as well as the fact that the sector remains the principal source of livelihood for
More informationPRADHAN MANTRI JAN-DHAN YOJANA (PMJDY) - Frequently Asked Questions (FAQs)
PRADHAN MANTRI JAN-DHAN YOJANA (PMJDY) - Frequently Asked Questions (FAQs) Q. 1. What is Pradhan Mantri Jan-Dhan Yojana? Ans. Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion
More informationMr. Vijay V. Khandare Assistant Professor in Economics, SNDT College of Arts and SCB College of Commerce for women, Churchgate, Mumbai-20.
10. FINANCIAL INCLUSION: AN OVERVIEW OF CREDIT PENETRATION TOAGRICULTURAL SECTOR IN INDIA Mr. Vijay V. Khandare Assistant Professor in Economics, SNDT College of Arts and SCB College of Commerce for women,
More informationRevised Service charges Schedule w.e.f
Revised Service charges Schedule w.e.f 04.07.2013 1. Collection charges should not be levied in respect of local cheque & drafts presented through clearing. Amount in Rs. Exchange on DD s/ MT Against Cash
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 informationCorporate Law Alert April 2, J. Sagar Associates advocates and solicitors. Liberalized Remittance Scheme for Resident Individuals
Liberalized Remittance Scheme for Resident The Reserve Bank of India (RBI) vide A.P. (DIR Series) Circular No. 90 dated March 06, 2012 has clarified the following with respect to the Liberalized Remittance
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 informationANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA IMPLEMENTATION OF NATIONAL AGRICULTURAL INSURANCE SCHEME (NAIS) FOR KHARIFF 2008 SEASON GUIDELINES
ANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA Circular No.98-2008-BC-CD Date:05.5.2008 IMPLEMENTATION OF NATIONAL AGRICULTURAL INSURANCE SCHEME (NAIS) FOR KHARIFF 2008 SEASON GUIDELINES The Agriculture
More informationFramework for Revival and Rehabilitation of Micro, Small and Medium Enterprises
Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises 1. Eligibility: The provisions made in this framework shall be applicable to MSMEs having loan limits up to Rs.25 crore,
More informationLOANS AND ADVANCES OF TNSC BANK
CHAPTER V LOANS AND ADVANCES OF TNSC BANK 5.1 INTRODUCTION 5.2 LOANS AND ADVANCES 5.3 LENDING RATES 5.4 GOVERNMENT OF INDIA INTEREST SUBVENTION 5.5 GOVERNMENT OF TAMIL NADU INTEREST SUBSIDY 5.6 NUMBER
More informationGuidelines. e Passbook. STATE BANK OF PAKISTAN Agricultural Credit Department
Guidelines on e Passbook STATE BANK OF PAKISTAN Agricultural Credit Department www.sbp.org.pk The Team Name Designation Contact Muhammad Ashraf Khan Kamran Akram Bakhshi Muhammad Akram Director Joint Director
More informationUpdated on
Updated on 01.01.2018 POLICY ON COLLECTION OF CHEQUES / INSTRUMENTS This collection policy of the Bank is a reflection of our on-going efforts to provide better service to our customers and set higher
More informationFinancial Intermediaries in India. Samir K Mahajan
Financial Intermediaries in India Financial Institutions are intermediaries that mobilizes saving and channelize the funds to the productive investment. These are responsible for efficient allocation and
More informationIncome Recognition, Asset Classification and Provisioning ( ) (UCB)
Income Recognition, Asset Classification and Provisioning (2010-2011) (UCB) Compiled by CA. Sudhir Vaidya Compiled by Spandane 2 Income Recognition, Asset Classification and Provisioning (2010-2011) (UCB)
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 informationPolicy on Collection of Cheques / Instruments:
Policy on Collection of Cheques / Instruments: 2017-18 1.0 Introduction Keeping in view the technological progress in payment and settlement systems and the qualitative changes in operational systems and
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 informationRoleofPrimaryAgriculturalCoOperativeSocietyPacsinAgriculturalDevelopmentinIndia
Global Journal of Management and Business Research: C Finance Volume 17 Issue 3 Version 1.0 Year 2017 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Inc. (USA)
More informationANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA. Circular No BC CD INTRODUCTION OF NEW LOAN SCHEME PRAGATHI RENT PLUS
ANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA Circular No. 213 2011 BC CD 18.08.2011 Date: INTRODUCTION OF NEW LOAN SCHEME PRAGATHI RENT PLUS The Bank has been implementing various retail credit
More informationNABKISAN FINANCE LIMITED
NABKISAN FINANCE LIMITED (A Subsidiary of NABARD) Loan Products and Features Supporting Livelihoods Nurturing Enterprises Fostering Growth NABKISAN Finance Limited An Introduction Nabkisan Finance Limited
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 informationBy CA Kanika khetan
BANK AUDIT By CA Kanika khetan cakanika14@gmail.com www.anushriagarwal.com Type of banks Commercial Banks. Co-operative Banks. Development Banks (more commonly known as Term-Lending Institutions ). Regional
More informationFinancial Inclusion & Postal Banking The India Story
Financial Inclusion & Postal Banking The India Story A Presentation by Sandip Ghose Reserve Bank of India at the UPU-AFI Workshop, Berne, Switzerland 9 th & 10 th November, 2009 Financial Inclusion : Definition
More informationComprehensive Deposit Policy. IDFC Bank Limited
Comprehensive Deposit Policy IDFC Bank Limited Preamble One of the important functions of the Bank is to accept deposits from the public for the purpose of lending. In fact, depositors are the major stakeholders
More informationROLE OF NABARD IN RURAL DEVELOPMENT
ROLE OF NABARD IN RURAL DEVELOPMENT Presentation by Mr. Subodh Kumar during June 2013. NABARD : A BRIEF PROFILE Set up in 1982, committed to Rural Prosperity through intervention of credit and developmental
More informationभ रत य रज़वर ब क RESERVE BANK OF INDIA RBI/FIDD/ /64 Master Direction FIDD.CO.FSD.BC No.9/ / October 17, 2018
भ रत य रज़वर ब क RESERVE BANK OF INDIA www.rbi.org.in RBI/FIDD/2018-19/64 Master Direction FIDD.CO.FSD.BC No.9/05.10.001/2018-19 October 17, 2018 The Chairman/Managing Director/Chief Executive Officer All
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 informationJHARKHAND GRAMIN BANK HEAD OFFICE
JHARKHAND GRAMIN BANK HEAD OFFICE Branch Circular : 2011-12/16 Sub-subject : EDUCATION LOAN / 1 Sub : Advances /RETAIL LOANS Ref : ADV:MKV Date: 26.09.2011 CIRCULAR TO ALL BRANCHES / OFFICES 1. INTRODUCTION:
More informationGUIDELINES OF INDIA MICROFINANCE EQUITY FUND
GUIDELINES OF INDIA MICROFINANCE EQUITY FUND 1 CONTENTS 1. Objective - Page 3 2. Principal features - Page 3 3. Purpose - Page 3 4. Types of instruments - Page 3 5. Eligibility criteria - Page 4 6. Sanction
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 informationBankers Committee (SLBC) held on 23 rd September, 2014 at J&K Bank Zonal Office
Corporate Headquarters T +91 (0)194 2481925 E convenorbank@jkbmail.com M A Road, Srinagar 190001 F +91 (0)194 2481925 W www.jkbank.net Lead Bank/ SLBC (J&K) Ref. No. LBD/SLBC-SPL/2014-211 All Members of
More informationInternal Audit of NBFCs
Internal Audit of NBFCs Introduction to NBFC Meaning of NBFC A company registered under the Companies Act, 2013 engaged in: the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities
More informationMANAPPURAM ASSET FINANCE LTD AUCTION POLICY
MANAPPURAM ASSET FINANCE LTD AUCTION POLICY I) INTRODUCTION The Reserve Bank of India vide circular DNBS.CC.PD.No.266 / 03.10.01 / 2011-12 dated 26 March 2012 titled Guidelines on Fair Practices Code for
More informationA Case Study: Micro Financial Institutions (MFI) - Loan Maintenance
A Case Study: Micro Financial Institutions (MFI) - Loan Maintenance Introduction Small time farmers find it very challenging to access loans for their farming activities. Though many financial institutions
More informationPersonal Car Loan scheme
Personal Car Loan scheme 1. PURPOSE To purchase: 1.1 New Car/Van/Jeep/Multi Utility Vehicle (MUV) or Sports Utility Vehicles (SUV) 1.2 Old car/van/jeep/muv/suv, which are not older than three years. (only
More informationCHAPTER 5: FINDINGS, SUGGETIONS, HYPOTHESIS TESTING AND CONCLUSION
Evaluation of working and performance of Regional Rural Banks of Gujarat State has been made at length with different angles in foregoing chapters. Contribution and overall progress made and key areas
More informationSA Identifying and assessing the risk of material mis-statement through. Auditor will primarily need to verify and ensure the following
Audit of Profit and Loss account Bank branch statutory auditors have to certify in their Statutory Audit Report that the Profit and Loss account gives a true and fair view of the Profit or Loss of the
More informationA STUDY OF PRADHAN MANTRI JAN-DHAN YOJANA IN INDIA
A STUDY OF PRADHAN MANTRI JAN-DHAN YOJANA IN INDIA Mahendra K Sonawane IBM&R, Wakad, Pune-57 Email Id- mksona56@gmail.com Abstract: Pradhan Mantri Jan Dhan Yojana is an ambitious scheme for comprehensive
More informationCBOU QUESTION PAPER II
CBOU QUESTION PAPER II 1. Minimum period for Fixed Deposit of Rs. 5000 is a. 7 days b. 15 days * c. 30 days d. 45 days e. 6 months 2. The right of the nominee in a joint deposit arises after the death
More informationOFFER DOCUMENT ISSUE OF LONG TERM (SUBORDINATED) DEPOSITS (LTD) (Series-V) UNDER LOWER TIER - II CAPITAL.
Registered and Corporate Office:- Corporate Center, Ekanath Thakur Bhavan, Plot No. 953, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025 Tel. No. : +91-22 - 6600 5555 Website : www.saraswatbank.com
More informationC.A. Parag Hangekar Partner Batliboi & Purohit Cell:
Bank Branch Statutory Audit Prudential Norms on Income Recognition, Asset Classification and Provisioning C.A. Parag Hangekar Partner Batliboi & Purohit E-mail: prh@batliboipurohit.com Cell: 9820577913
More informationFISHERIES LOAN Marine Fisheries - Finance for fishing boats
FISHERIES LOAN Marine Fisheries - Finance for fishing boats PURPOSE ELIGIBILITY For purchase / construction of mechanized boats. Mechanization of country boats with inboard/ outboard engine. Non-mechanized
More informationDevelopment Credit Agreement
Public Disclosure Authorized CONFORMED COPY CREDIT NUMBER 740 IN Public Disclosure Authorized Development Credit Agreement (Orissa Irrigation Project) Public Disclosure Authorized between INDIA and INTERNATIONAL
More informationNPA POLICY. 2) an asset that has remained sub-standard for a period exceeding 14 months for the
NPA POLICY In terms of RBI circular no. DNBR/PD(CC)/No. 002./03.10.001/2014-15 dated November 10, 2014, a loan asset of an NBFC should be classified as NPA under the following circumstances At present,
More informationSERVICE CHARGES AND INTEREST RATES AT A GLANCE RBI FORMAT. NATURE RATE OF INTEREST MINIMUM BALANCE Normal Sr. Citizen Rural Semi urban
SERVICE CHARGES AND INTEREST RATES AT A GLANCE 1. DEPOSIT ACCOUNTS RBI FORMAT NATURE RATE OF INTEREST MINIMUM BALANCE Normal Sr. Citizen Rural Semi urban Urban ACCOUNT 1 Savings Bank A/cs A.Domestic a.
More informationAn Overview of Agricultural Credit and Crop Insurance in Bihar
MPRA Munich Personal RePEc Archive An Overview of Agricultural Credit and Crop Insurance in Bihar R.K.P. Singh and K.M. Singh R.A.U., Bihar, ICAR-RCER, Patna 9. January 2013 Online at http://mpra.ub.uni-muenchen.de/46901/
More informationINDIAN BANKING SYSTEM (UNIT-4) REGIONAL RURAL BANKS IN INDIA (PART-1)
INDIAN BANKING SYSTEM (UNIT-4) REGIONAL RURAL BANKS IN INDIA (PART-1) 1. INTRODUCTION Hello viewers welcome to the lecture series on Indian Banking System. Today we shall take up unit 4 and we shall discuss
More informationComprehensive Deposit Policy
Date: June 24, 2017. Version: 1 0 P a g e Table of Content 1. Policy Content... 2 2. Document Control... 10 3. Revisions to the Policy... 11 4. Persons & Departments involved... 11 5. Appendix... 11 1
More informationSCHEDULE OF INTEREST RATE ON LOANS AND ADVANCES Base 10.40% w.e.f
SCHEDULE OF INTEREST RATE ON LOANS AND ADVANCES WORKING CAPITAL LIMITS AND TERM LOANS Advances less than & including Rs.25 Lacs Term loan & Working Capital - Priority - Non-Priority - NBFCs [excl Micro
More informationA Presentation on Documentation SNG & PARTNERS
A Presentation on Documentation By SNG & PARTNERS Today s Agenda GUIDELINES AND OPERATING INSTRUCTIONS ON DOCUMENTATION MEANING OF DOCUMENT: The term document as defined in Oxford Dictionary is a deed,
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 informationPOLICY ON DEPOSITORS RIGHTS
POLICY ON DEPOSITORS RIGHTS PREAMBLE One of the important functions of the Bank is to accept deposits from the public for the purpose of lending. In fact, depositors are the major stakeholders of the Banking
More informationState Level Bankers Committee, Tamil Nadu Convenor: Indian Overseas Bank Minutes of the 143rd Meeting of SLBC Held on
State Level Bankers Committee, Tamil Nadu Convenor: Indian Overseas Bank Minutes of the 143rd Meeting of SLBC Held on 18.09.2015 143 rd meeting of SLBC, Tamil Nadu was held at Chennai on 18 th September
More informationSTATE GOVERNMENT SALARY PACKAGE SGSP REQUEST FOR CONVERSION OF SB ACCOUNT TO SGSP ACCOUNT AND AUTO SWEEP FACILITY
The Branch Manager State Bank of India Branch Annexure III Dear Sir, STATE GOVERNMENT SALARY PACKAGE SGSP REQUEST FOR CONVERSION OF SB ACCOUNT TO SGSP ACCOUNT AND AUTO SWEEP FACILITY I maintain a Saving
More informationMONEY AND CREDIT VERY SHORT ANSWER TYPE QUESTIONS [1 MARK]
MONEY AND CREDIT VERY SHORT ANSWER TYPE QUESTIONS [1 MARK] 1. What is collateral? Collateral is an asset that the borrower owns such as land, building, vehicle, livestock, deposits with the banks and uses
More informationTMB MSME CREDIT SCHEME
TMB MSME CREDIT SCHEME PARAMETERS Purpose Coverage SCHEME GUIDELINES To provide Bank Credit to MSME at liberalized terms towards working capital and term loan for acquiring fixed assets All Micro, Small
More informationSCHEDULE 1 [See Regulation 5(1) (i)]
SCHEDULE 1 [See Regulation 5(1) (i)] Non-Resident (External) Rupee Account Scheme NRE Account 1. Eligibility: Non-resident Indians (NRIs) and Person of Indian Origin (PIOs) are permitted to open and maintain
More information- INDIA. Policy on Collection of Cheques/Instruments
- INDIA Policy on Collection of Cheques/Instruments 1. Introduction Keeping in view the technological progress in payment and settlement systems and the qualitative changes in operational systems and processes
More information