Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: TDS :: due date for vat payment :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: VAT Audit :: VAT RATES :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: articles on VAT and GST in India
 
 
« Latest Circulars »
 New Opening Accounts & Finance - Executive /asst. Manager ( Chartered Accountant)
 35 LPA-Opening DGM / GM Accounts - Chartered Accountant ( CA )
 Secondary market transactions in Government Securities – Notional Short Sale
 Over-the-Counter Government Securities Transaction by Foreign Portfolio Investors (FPIs) – Settlement Period
 Agency Commission for GST receipt transactions
 Inclusion of “Utkarsh Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934
  Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
 Auction for Sale (Re-issue) of Government Stock (GS) November 13, 2017
 Auction of Government of India Dated Securities November 13, 2017
 Cessation of “Commonwealth Bank of Australia” as a banking company within the meaning of sub–section (2) of Section 36 (A) of Banking Regulation Act, 1949
 RBI releases Data on India’s International Trade in Services: September 2017

RBI-Review of Norms for Classification of Financially Sound and Well Managed UCBs
October, 04th 2013

RBI/2013-14/308
UBD.CO.LS.(PCB).Cir.No.24/07.01.000/2013-14

October 1, 2013

Chief Executive Officers of 
all Primary (Urban) Co-operative Banks

Dear Sir/ Madam,

Review of norms for classification of Financially Sound and Well Managed (FSWM) Urban Co-operative Banks (UCBs)

Please refer to para 1 of our circular ref: UBD.CO.LS.Cir.No.25/07.01.000/2010-11 dated November 16, 2010 wherein the eligibility criteria regarding FSWM UCBs were laid down.

2. The existing criteria were reviewed and it is advised that the banks fulfilling the following criteria would now be termed as FSWM UCBs:

a) Maintenance of a minimum CRAR of 10% on a continuous basis.

b) Gross NPAs of less than 7% and Net NPAs of not more than 3%.

c) No default in the maintenance of CRR / SLR during the preceding financial year.

d) Continuous Net profit for the last three years.

e) Sound internal control system with at least two professional directors on the Board.

f) Regulatory comfort based on inter alia, record of compliance to the provisions of Banking Regulation Act, 1949 (AACS), RBI Act, 1934 and the instructions / directions issued by RBI from time to time.

3. The new criteria would henceforth be considered for processing applications received from UCBs for branch authorizations, opening of on-site and off-site ATMs, extension of Area of Operation, shifting of premises and other permissions from RBI.

Yours faithfully,

(A. K. Bera)
Principal Chief General Manager

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions