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 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

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.

Guest

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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