Investment made in Umbrella Organization by Urban Co-operative Banks not to be counted in non-SLR investment limit
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- Last Updated on 7 March, 2022
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Circular no. RBI/2021-22/177 DOR.REC.MRG.90/16.20.000/2021-22, Dated: 03.03.2022
The RBI issued the revised guidelines with regard to Investments in Non-SLR securities by primary (urban) cooperative banks on Jan 30, 2009.
The revised guidelines states that the non-SLR investments shall be limited to 10 per cent of a bank’s total deposits as on March 31 of the previous year.
Further the investments in unlisted securities shall not exceed 10 per cent of the total non-SLR investments at any time.
In the year 2019, RBI permitted UCBs to subscribe to capital of the UO on voluntary basis.
The RBI through the current circular provides that the investment made for subscribing to the capital of the UO, for acquiring its membership, shall be exempt from the limits prescribed for non-SLR investments as mentioned hereinabove. This Circular applies to all Primary (Urban) Co-operative Banks.
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