Master Circular- Credit Facilities to Minority Communities – Modification

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:

a.       Sikhs

b.      Muslims

c.       Christians

d.      Zoroastrians

e.       Buddhists

f.       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

 

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