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
Latest Expert Exchange
« Latest Circulars »
 Auction for Sale (Issue/Re-issue) of Government Stock (GS) Aug 10, 2018
 Auction of Government of India Dated Securities August 10, 2018
 Have accepted RBI directorship in public interest: Swaminathan Gurumurthy
 RBI-Auction of Government of India Dated Securities August 6, 2018
  RBI-Auction for Sale (Re-issue) of Government Stock (GS)
 Professor Roberto Rigobon, MIT Sloan School of Management, Cambridge, Massachusetts, USA, delivers the Second Suresh Tendulkar Memorial Lecture titled “Big Data and Measurement: from Inflation to Discrimination”
 RBI-Maintenance of CRR/SLR on Foreign Currency Assets/Liabilities– Reference rate for INR/USD and exchange rate of other major currencies
 Master Circular- Credit Facilities to Minority Communities
  RBI-Change in Bank Rate
 Receiving the Resolution of the Monetary Policy Committee of the Reserve Bank of India under the Third Bi –monthly Monetary Policy Statement for the year 2018-19
 RBI-Auction of Government of India Dated Securities July 30, 2018

RBI-Share Linking to Borrowing Norm in Urban Co-operative BanksShare Linking to Borrowing Norm in Urban Co-operative Banks
October, 03rd 2013

RBI/2013-14/307
UBD CO BPD (PCB) Cir. No. 25/09.18.200/2013-14

October 1, 2013

The Chief Executive Officer
All Urban Co-operative Banks

Dear Sir / Madam,

Share Linking to Borrowing Norm in Urban Co-operative Banks

Please refer to the instructions contained in para 3 of circular UBD PCB Cir. No.4/ 09.18.201/2008-09 dated July 15, 2008 on ‘Instruments for Augmenting Capital Funds – UCBs’ indicating the current regulatory prescriptions on share linking to borrowing viz. 2.5% for secured borrowings and 5% for unsecured borrowings. Further, the shareholding of an individual member is restricted to 5% of the total paid up share capital of a UCB.

2. It is advised that Reserve Bank of India had taken up with all the State Governments for carrying out necessary amendments to the respective State Co-operative Societies Acts for dispensing with, wherever applicable, monetary ceilings on individual share holding and restricting the individual shareholding of a member to 5% of the total paid up share capital of a UCB. Pending amendment being carried to the State Co-operative Societies Act, it is reiterated that all UCBs may ensure scrupulous adherence to the extant norms on share linking to borrowing and ceiling on individual share holding, as detailed in para 1 above.

3. UCBs, which maintain Capital to Risk Weighted Assets Ratio (CRAR) of 12% on a continuous basis, will continue to be exempted, as per the instructions contained in para 2 of circular UBD BPD (PCB).Cir.No.22/09.18.201/2010-11 dated November 15, 2010, from the extant mandatory share linking norms.

Yours faithfully,

(P.K. Arora)
General Manager

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

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