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 Investment Portfolio by Primary (Urban) Co-operative Banks (UCBs).
2. To enable UCBs to have current instructions at one place, a Master Direction incorporating all the existing guidelines / instructions / directives on the subject has been prepared for reference of the banks.
3. This Direction has been issued by RBI in exercise of its powers conferred under Section 35A of the Banking Regulation Act 1949 read with Section 56 thereof, and of all the powers enabling it in this behalf.
Yours faithfully,
(Usha Janakiraman)
Chief General Manager
CAclubindia
Guest
Notification No : RBI/2023-24/96 DOR.MRG.REC.01/00-00-011/2023-24Published in Community & General
Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12473&Mode=0