Master Direction – Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Primary (Urban) Co-operative Banks) Directions, 2023

Last updated: 03 April 2023

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The Reserve Bank of India has issued a Master Direction consolidating all existing guidelines for Primary (Urban) Co-operative Banks (UCBs) regarding their investment portfolios. This new direction covers the classification, valuation, and operational aspects of these investments. It aims to provide UCBs with a single, up-to-date reference for all relevant instructions. The RBI has issued this direction under the powers granted by the Banking Regulation Act, 1949.

Reserve Bank of India RBI/2023-24/96 DOR.MRG.REC.01/00-00-011/2023-24 April 1, 2023 All Primary (Urban) Co-operative Banks Madam / Sir, Master Direction Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Primary (Urban) Co-operative Banks) Directions, 2023 The Reserve Bank of India has, from time to time, issued several guidelines / instructions / directives to the banks on Prudential Norms for Classification, Valuation and Operation of

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FAQ :

The Master Direction consolidates all existing guidelines, instructions, and directives on the classification, valuation, and operation of the investment portfolio of Primary (Urban) Co-operative Banks (UCBs) into one place for their reference.

This Master Direction is applicable to all Primary (Urban) Co-operative Banks (UCBs).

The directions cover the classification, valuation, and operation of the investment portfolio of Primary (Urban) Co-operative Banks.

The RBI has issued these directions under Section 35A of the Banking Regulation Act, 1949, read with Section 56 thereof, and all other enabling powers.

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Notification No : RBI/2023-24/96 DOR.MRG.REC.01/00-00-011/2023-24
Published in Community & General
Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12473&Mode=0

Attached File : 322600_11111_96md01042023_a1.pdf

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