RBI Withdraws 8 More Circulars for PSBs

Notifications - Reserve Bank of India Skip to main content Selected Selected Change Language हिंदी Search the Website Search Home About Us ▼ About Us Organisation & Functions ▶ Organisation Structure Departments Offices Training Establishment ▶ College of Agricultural Banking Reserve Bank Staff College College of Supervisors RBI's Functions and Working Governors Deputy Governors Executive Directors Communication Policy of RBI Sources of Information ▶ Annual Publications Half-yearly Publications Quarterly Publications Monthly Publications Weekly Publications Occasional Publications SDDS NSDP Data Releases Publications available on Subscription General Information RBI History Museum ▶ The RBI Museum RBI Monetary Museum Notification ▼ Notifications Master Directions Master Circulars Amendment Directions Draft Notifications/Guidelines ▶ Draft Notifications/Guidelines Draft Directions (RE-wise) Index To RBI Circulars Standalone Circulars Circulars Withdrawn Press Releases Speeches & Media Interactions ▼ Speeches Media Interactions Memorial Lectures Podcasts Publications ▼ Biennial Annual Half-Yearly Quarterly Bi-monthly Monthly Weekly Occasional Reports Working Papers Legal Framework ▼ Act Rules Regulations Schemes Research ▼ External Research Schemes RBI Occasional Papers Working Papers RBI Bulletin History DRG Studies KLEMS State Statistics and Finances Statistics ▼ Data Releases Database on Indian Economy Public Debt Statistics Regulatory Reporting ▼ List of Returns Data Definition Validation rules/ Taxonomy List of RBI Reporting Portals FAQs of RBI Reporting Portals Home Notifications Notifications ( 488 kb ) Review of circulars issued to Public Sector Banks (PSBs) RBI/2007-2008/365 DBOD. No. Inf. BC. 94 /11.01.009/2007-08 June 13, 2008 The Chairman & Managing Director of all Public Sector Banks Dear Sir, Review of circulars issued to Public Sector Banks (PSBs) In continuation of our circular letter DBOD. No.Inf. BC.32/11.01.009/2007-08 dated September 10, 2007 on the above subject, it has been decided in consultation with the Government of India to withdraw 8 more circulars, as detailed in the Annex . You are advised to carefully go through the circulars in the enclosed statement and in case it is felt that the instructions in the circular are relevant, kindly ensure that suitable Board approved policies/procedures are drawn up for substituting the same. Yours faithfully, (Vinay Baijal) Chief General Manager Annex Circulars issued to PSBs during the period January 1991 to June 2004 for withdrawal Sr. No. Circular No. Subject Matter in brief Gist of Circular 1 DBOD.No. BP.BC.80/21.04.117/2001-02 dated 22.3.02 Special One Time Settlement Scheme for Small and Marginal Farmers. The Boards of the Public Sector Banks were advised to formulate a policy for recovery of loans upto Rs. 50,000 to small and marginal farmers. This was an offshoot of the announcement in the Union Budget of 2002-03 by FM that a special OTS Scheme for small and marginal farmers would be announced by RBI. The guidelines were made operative upto December 31, 2002. 2 DBOD No. BP.BC. 83/C 469(V)-91 dated 19.2.91 Nominees of Banks on Boards of Companies The banks were advised to evolve a system of reviewing periodically the role played by the nominees of banks and financial institutions on the boards of assisted companies and take corrective measures, if necessary to avoid adverse observations. 3 DBOD No. BP. BC. 73 / 21.04.018/2000-01dated 30.1.01 Voluntary Retirement Scheme (VRS) Expenditure – Accounting and Prudential Regulatory Treatment. Voluntary Retirement Scheme ( VRS) Expenditure - Accounting and Prudential Regulatory Treatment. 4 DBOD No. BP.BC. 87 /21.04.018/00-01 dated 7.3.01 -do- Voluntary Retirement Scheme (VRS) Expenditure - Accounting and Prudential Regulatory Treatment – Clarifications on the accounting issues contained in circular at Sr. No. 3 above. 5 DBOD No. BP.BC. 90/21.04.018/00-01 dated 22.3.01 Voluntary Retirement Scheme (VRS) Expenditure – Accounting and Prudential Regulatory Treatment. Voluntary Retirement Scheme ( VRS) Expenditure - Accounting and Prudential Regulatory Treatment – Provisions need not be made in the accounting year 2000-01 where the banks are not in a position to complete the process of acceptance of VRS within the prescribed time. 6 DBOD No. BL.BC. 3/22.01.001/2001 dated 25.7.01 Closure of bank Branches due to Voluntary Retirement Scheme (VRS) Closure of bank branches due to Voluntary Retirement Scheme (VRS) – Banks not to close any branch in general and branch in rural area in particular due to VRS. 7 DBOD No. BC.54/ 17.05.001/92 dated 25.11.92 Pending Departmental Enquires Disposal of Disciplinary Proceedings. The banks were advised to dispose of disciplinary proceedings generally within 3 to 6months in view of the observation of the Hon. Justice of High Court of Mumbai. 8 DBOD No. MC.149/ 19.03.29 / 94-95 dated 27.4.95 Average Business Per Employee Advising banks to furnish fortnightly levels of business as well as quarterly position of staff so as to arrive at the annual average business per employee for the year 1994-95 2026 All Months January February March April May June July August September October November December 2025 All Months January February March April May June July August September October November December 2024 All Months January February March April May June July August September October November December 2023 All Months January February March April May June July August September October November December 2022 All Months January February March April May June July August September October November December 2021 All Months January February March April May June July August September October November December 2020 All Months January February March April May June July August September October November December 2019 All Months January February March April May June July August September October November December 2018 All Months January February March April May June July August September October November December 2017 All Months January February March April May June July August September October November December Archives 2016 All Months January February March April May June July August September October November December 2015 All Months January February March April May June July August September October November December 2014 All Months January February March April May June July August September October November December 2013 All Months January February March April May June July August September October November December 2012 All Months January February March April May June July August September October November December 2011 All Months January February March April May June July August September October November December 2010 All Months January February March April May June July August September October November December 2009 All Months January February March April May June July August September October November December 2008 All Months January February March April May June July August September October November December 2007 All Months January February March April May June July August September October November December 2006 All Months January February March April May June July August September October November December 2005 All Months January February March April May June July August September October November December 2004 All Months January February March April May June July August September October November December 2003 All Months January February March April May June July August September October November December 2002 All Months January February March April May June July August September October November December 2001 All Months January February March April May June July August September October November December 2000 All Months January February March April May June July August September October November December 1999 All Months January February March April May June July August September October November December 1998 All Months January February March April May June July August September October November December 1997 All Months January February March April May June July August September October November December 1996 All Months January February March April May June July August September October November December 1995 All Months January February March April May June July August September October November December 1994 All Months January February March April May June July August September October November December 1993 All Months January February March April May June July August September October November December 1992 All Months January February March April May June July August September October November December 1991 All Months January February March April May June July August September October November December Top Back to previous page More Links : Bank Holidays Banking Glossary Citizen's Charter Complaints Contact Us COVID-19 Measures E-LMS Events FAQs Financial Education Forms IFSC/MICR Codes Important Websites Opportunities @ RBI RBI Clarifications RBI Kehta Hai RBI’s Vision and Values (1257 kb)--> Right to Information Act Tenders Follow RBI RSS Twitter YouTube Instagram Facebook LinkedIn © Reserve Bank of India. All Rights Reserved. Sitemap | Disclaimer Website owned and managed by Reserve Bank of India. Contact us on helpdoc[at]rbi[dot]org[dot]in Website last updated date: Jul 27, 2026 Supports: Google Chrome 147+ | Firefox 150+ | Microsoft Edge Version 147+ | Safari 17+ Accessibility Statement | Screen Reader and Accessibility Help

Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2007-2008/365 · issued 13 Jun 2008. The plain-English explanation above is BankPulse’s own independent summary.

🖨 Print / Save as PDF 🔗 Copy link☆ Save for later