Home › Circulars › RBI/2009-10/247

Corrigendum: Master Circular on Investments by Urban Co-op Banks

Current · Source: Reserve Bank of India · RBI/2009-10/247 · issued 03 Dec 2009 · ~1 min read
Quick answerRBI corrects its July 2009 Master Circular on investments by Primary Urban Co-operative Banks by deleting paragraph 15.2.3, which was inadvertently retained. Banks must remove this paragraph from their compliance records.
The rule, in the simplest words
How it plays out — a real example

After receiving the corrigendum, Rohan, a compliance officer at an urban co-operative bank, removes paragraph 15.2.3 from their copy of the July 2009 Master Circular and updates the internal compliance manual to reflect the deletion. He also informs the treasury and audit departments about the change to ensure that future investment decisions align with the corrected circular.

What changed

RBI issued a corrigendum to the Master Circular on Investments by Primary (Urban) Co-operative Banks dated July 1, 2009. The instructions in paragraph 15.2.3 of that circular are to be omitted as they were mistakenly retained during the update.

What it means for you

Urban co-operative banks should no longer follow the instructions previously contained in paragraph 15.2.3 of the July 2009 Master Circular. This correction ensures that only the intended, updated investment guidelines apply, reducing compliance confusion.

What you must do

Who it affects

Primary (Urban) Co-operative Banks, Compliance officers at urban co-operative banks, Treasury and investment departments of urban co-operative banks

❓ Common questions

Why was paragraph 15.2.3 omitted?

RBI stated it was inadvertently retained while updating the instructions in the Master Circular. The corrigendum corrects this error.

Does this corrigendum affect any other parts of the Master Circular?

No, only paragraph 15.2.3 is affected. All other instructions in the July 2009 Master Circular remain unchanged.

What should we do if we have already implemented paragraph 15.2.3?

Reverse any actions taken solely based on that paragraph and align with the corrected circular. Consult your compliance team for specific adjustments.

📜 Read the original circular — full text as issued by RBI
RBI/2009-10/247 UBD.BPD.(PCB).Cir.No.27/16.20.000/2009-10 December 03, 2009 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Madam/Dear Sir Master Circular on Investments by Primary (Urban) Co-operative Banks – Corrigendum Please refer to our Master Circular UBD (PCB) BPD MC No. 12/16.20.000/2009-10 dated July 01, 2009 on the captioned subject. The instructions contained in paragraph 15.2.3 of the Circular may be omitted as they were inadvertently retained while updating the instructions on the subject. Yours faithfully, (A. K. Khound) Chief General Manager-in-Charge
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2009-10/247 · issued 03 Dec 2009. The plain-English explanation above is BankPulse’s own independent summary.
🧰 Tools — save, print, templates & related
Most relevant forCompliance TeamTreasury Team / ALMInternal AuditSenior Management / BoardBusiness Head / Vertical HeadRisk Management
🛠 Banker’s toolkit — checklists & reply templates →
Related circulars · Department of Regulation
SFB Pillar 3 Disclosure Norms Aligned with BaselUCB Deposit Rate Disclosure & Uniformity Rules UpdatedLAB Deposit Rate Disclosure & Uniformity Rules TightenedPayments Banks: Interest Rates Must Match Disclosed ScheduleRBI Updates Bulk Deposit Rate Rules and Disclosure Timing
Browse all departments →
Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (Primary (Urban) Co-operative Banks, Compliance officers at urban co-operative banks, Treasury and investment departments of urban co-operative banks), your first concrete step on “Corrigendum: Master Circular on Investments by Urban Co-op Banks” is: “Remove paragraph 15.2.3 from your copy of the July 2009 Master Circular on Investments.” (RBI issued this 03 Dec 2009).

  1. Circular: RBI/2009-10/247 -- Corrigendum: Master Circular on Investments by Urban Co-op Banks
  2. Issued: 03 Dec 2009
  3. Action required: Remove paragraph 15.2.3 from your copy of the July 2009 Master Circular on Investments.
  4. Action required: Update internal compliance manuals and training materials to reflect this deletion.
  5. Action required: Inform relevant departments (treasury, compliance, audit) about the corrigendum.
  6. Action required: Ensure future investment decisions align with the corrected circular, excluding the omitted paragraph.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

💬 Banker Discussion

Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.

Loading comments…
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=5401&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
—