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 Circulars »
 ACIT, Central Circle-32, New Delhi Vs. Countrywide Promotors Pvt. Ltd, M-11, Middle Circle, Connaught Circus, New Delhi
 RBI-Auction of Government of India Dated Securities November 18, 2019
 RBI-Liquidation of Aditya Birla Idea Payments Bank Limited
 RBI should be given full power to regulate co-op banks
  Technical Specifications for all participants of the Account Aggregator (AA) ecosystem
 Notification No. 82/2019-Customs Ministry Of Finance
 Withdrawal of exemptions granted to Housing Finance Institutions
 Auction of Government of India Dated Securities November 11, 2019
 Technical Specifications for all participants of the Account Aggregator (AA) ecosystem
 Formation of new districts in the State of Mizoram – Assignment of Lead Bank Responsibility
 15 LPA-Opening Urgent Requirement - Audit Managera

Master Circular- Credit Facilities to Minority Communities Modification
October, 01st 2016

RBI/2016-17/67
FIDD.GSSD.BC.No.15/09.10.01/2016-17

September 29, 2016

The Chairman/ Managing Director
All Scheduled Commercial Banks
(excluding RRBs and Foreign banks with less than 20 branches)

Dear Sir / Madam,

Master Circular- Credit Facilities to Minority Communities – Modification

Please refer to our Master Circular FIDD.GSSD.BC.No.01/09.10.01/2016-17 dated July 01, 2016.

2. In partial modification of the Circular, para 2.1 under “Definition of Minority Communities” and para 5.1 & 5.5 under “Monitoring” may be replaced as under:

“2.1 The following communities have been notified as minority communities by the Government of India, Ministry of Minority Affairs:

  1. Sikhs
  2. Muslims
  3. Christians
  4. Zoroastrians
  5. Buddhists
  6. Jains

“5.1 With a view to monitoring the performance of banks in providing credit to the specified minority communities, data on credit assistance provided to members of minority communities should be furnished to Reserve Bank of India and to the Government of India, Ministry of Finance and Ministry of Minority Affairs, on half yearly basis as on the last Friday of March and September every year. The statements (given in Annexure I) should reach RBI within one month from the close of each half year.”

“5.5 The Lead Banks in the identified districts should furnish the relevant extracts of the agenda notes and the minutes of the meetings of the DCCs and of the respective SLBCs to the Union Ministry of Finance and to the Ministry of Minority Affairs on a quarterly basis for their use.”

Yours faithfully.

(Uma Shankar)
Chief General Manager

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

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