Latest Expert Exchange Queries

Make 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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: TDS :: VAT RATES :: articles on VAT and GST in India :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: form 3cd :: due date for vat payment :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« Latest Circulars »
 Results of Underwriting Auctions Conducted on July 20, 2017
 Master Circular – Detection and Impounding of Counterfeit Notes
 Monitoring of Foreign Investment under PIS in Indian Companies – M/s The Byke Hospitality Limited - 1. Increase in FIIs/FPIs Investment limit under Portfolio Investment Scheme from 24% to 40% Removal from the FIIs/ FPIs Caution List
 RBI's Monthly Bulletin for July 2017
 Financial Action Task Force (FATF) Public Statement dated June 23, 2017
 All-India House Price Index (HPI) recorded marginal increase in Q4:2016-17
 Auction of Government of India Dated Securities July 17, 2017
 RBI-Interest rates for Small Savings Schemes
 Priority Sector Lending – Status, Issues and Future Agenda (Shri S S Mundra, Deputy Governor - June 27, 2017 - at the ”Conference on Credit flow to Priority Sector – Policy and Implementation” held at College of Agricultural Banking, Pune1)
 Audit Committee of the Board of Directors – Nomination of Non-Executive Chairman
 Investment in plant and machinery for the purpose of classification as Micro, Small and Medium Enterprises – documents to be relied upon

Fourth Bi-monthly Monetary Policy for 2014-15 Introduction of Liquidity Adjustment Facility (LAF) for Scheduled Urban Cooperative Banks
October, 30th 2014

RBI/2014-15/279 
UBD.BPD.(SCB).Cir.No.1/16.27.000/2014-15

October 29, 2014

The Chief Executive Officers of
All Scheduled Primary (Urban) Co-operative Banks

Dear Sir / Madam,

Fourth Bi-monthly Monetary Policy for 2014-15
Introduction of Liquidity Adjustment Facility (LAF) for Scheduled Urban Cooperative Banks

Please refer to para 24 of Fourth Bi-Monthly Monetary Policy Statement 2014-15 (extract appended) by Reserve Bank of India on September 30, 2014 on the captioned subject.

2. In order to provide an additional avenue for liquidity management to Scheduled Urban Co-operative Banks (UCBs), it has been decided that, with effect from November 28, 2014, Liquidity Adjustment Facility (LAF) will be extended to Scheduled UCBs which are CBS enabled, have CRAR of at least 9 per cent and are fully compliant with the eligibility criteria prescribed for LAF. The terms and conditions for availing LAF including minimum bid size prescription etc would be as per the instructions issued by Financial Markets Department (FMD)of the Reserve Bank of India from time to time.

3. The names of UCBs which meet the eligibility norms to participate in LAF (Positive List) those of UCBs found ineligible (Negative List) will be communicated shortly to the FMD by Urban Banks Department (UBD) under intimation to the banks concerned.

4. The eligibility status of the banks in the Positive List will be reviewed on an ongoing basis to ensure that the financial parameters are being complied with at all times. However, additions to the Positive List will be considered annually around the first week of January based on the financial position for the immediate preceding financial year as assessed by the Reserve Bank’s Inspection.

Yours faithfully,

(Suma Varma)
Chief General Manager


Fourth Bi-monthly Monetary Policy for 2014-15 (para 24)

24. As part of the Reserve Bank’s continuous engagement in broadening and deepening financial markets, it has been decided to:

  • allow access to the liquidity adjustment facility (LAF) to scheduled urban co-operative banks (UCBs) in order to provide them an additional avenue for liquidity management, provided they fully comply with the eligible criteria prescribed for participation in the LAF including having current accounts and SGL accounts with Reserve Bank, Mumbai, the minimum bid size prescription and the like.

Detailed guidelines will be issued separately by mid-October 2014.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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