RBI Review of Guidelines - Withdrawal of Circulars
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RBI/2023-24/129
DoS.CO.ARG/SEC.11/08.91.001/2023-24
March 01, 2024
The Chairman / Managing Director / Chief Executive Officer,
All Commercial Banks (Excluding RRBs)
All Primary (Urban) Co-operative Banks (UCBs)
Madam / Dear Sir,
Review of Guidelines - Withdrawal of Circulars
Consequent upon review of Circulars issued by the Reserve Bank from time to time, it has been decided to withdraw Circulars listed in the Annex with immediate effect.
Yours faithfully,
(Rajnish Kumar)
Chief General Manager
Encl: As above
Annex
List of Circulars withdrawn
| Sl. No. | Subject | Date | Circular No. |
| 1. | Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Section 31 - Submission of Balance Sheet, Profit & Loss Account and Auditor's Report | April 19, 1966 | ACD.BR.825/A.11(31)/65/6 |
| 2. | The Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Section 31 - Submission of Balance Sheet, Profit and Loss Account and Auditor's Report | May 8, 1967 | ACD.BR.1979/A.12(29-31)/66-7 |
| 3. | Appointment of Statutory Central Auditors for the Year 1970 | June 29, 1970 | DBOD.No.EFS.1429/C.452(K)-70 |
| 4. | Appointment of Statutory Central Auditors for the Year 1970 | July 1, 1970 | DBOD.No.EFS.1451/C.452(K)-70 |
| 5. | Appointment of Branch Auditors for Indian Branches for the Year 1970 | September 19, 1970 | DBOD.No.EFS.2065/C.452(K)-70 |
| 6. | Nationalised Banks - Remuneration of Statutory Central Auditors and Branch Auditors for Audit of Indian Branches for 1970 | April 26, 1971 | DBOD.No.ARS.367/C.452(K)-71 |
| 7. | Appointment of Branch Auditors for Indian Branches for the Year 1971 | December 15, 1971 | DBOD.No.ARS.1132/C.452(K)-71 |
| 8. | Nationalised Banks - Remuneration of Statutory Central Auditors and Branch Auditors for Audit of Branches for 1971 | January 7, 1972 | DBOD.No.ARS.18/C.452 (K)-72 |
| 9. | Appointment of Central Statutory Auditors for the year 1972 | June 13, 1972 | DBOD.No.ARS.533/C.452(K)-72 |
| 10. | (i) Discontinuance of Half-Yearly Audit (ii) Selection of Branches for Annual Audit |
May 14, 1973 | DBOD.No.ARS.421/C.452(K)-73 |
| 11. | Standards for Audit Classification of Primary (Urban) Co-operative Banks | February 25, 1982 | ACD.UBD.120/UB-8(3)-81/82 |
| 12. | Discontinuance of Half-yearly Audit | April 29, 1982 | DBOD.No.Ret.BC.45/C.469(F)-82 |
| 13. | Remuneration Payable to Statutory Central and Branch Auditors of Nationalised Banks | December 14, 1984 | DBOD.No.App.BC.123/C.452(K)-84 |
| 14. | Fees Payable for Submitting Long Form Audit Reports (LFARs) by Statutory Central/Branch Auditors of Public Sector Banks | June 26, 1986 | DBOD.No.App.1275/C.452(K)-86 |
| 15. | Role of State Co-operative Banks in the Development of Urban Co-operative Banks and Entrusting the Audit of Urban Co-operative Banks to Chartered Accountants | July 30, 1988 | UBD.P&O.82/UB.23-88/ 89 |
| 16. | Remuneration Payable to Statutory Central and Branch Auditors of Nationalised Banks | March 21, 1989 | DBOD.No.App.BC.93/C.452(K)-89 |
| 17. | DICGC Claims - Certificate to be issued by Statutory Auditors | April 17, 1995 | DOS.No.BC.4/16.10.001/95 |
| 18. | Remuneration Payable to Statutory Central Auditors and Branch Auditors for the year 1997-98 | January 17, 1998 | DBS.No.330/08.92.001/ 97-98 |
| 19. | Year 2000 (Y2K) Issues - Statutory Audit for the Year 1998-99 | May 25, 1998 | DBS.No.Y2K.BC/52/35.01.00/98-99 |
| 20. | Appointment of Statutory Central Auditors for the year 1998-99 | January 19, 1999 | DBS.ARS.No.383/08.03.003/98-99 |
| 21. | Year 2000 (Y2K) Issues - Statutory Audit for the Year 1998-99 | May 25, 1999 | DBS.CO.Y2K.BC.52/35.01.00/98-99 |
| 22. | DICGC Claims - Certificate to be Issued by Statutory Auditors | May 25, 1999 | DBS.ARS.No.790/08:91:001/98-99 |
| 23. | Assessment of Auditors' Performance for 1998-99 | June 11, 1999 | DBS.ARS.No.850/08:91:011/98-99 |
| 24. | Introduction of Half-yearly Review of Accounts of Public Sector Banks | May 17, 2001 | DBS.ARS.No.BC.13/08.91.001/2000-01 |
| 25. | Introduction of Half-yearly Review of Accounts of Public Sector Banks | October 25, 2001 | DBS.ARS.No.BC.4/08.91.001/2001-02 |
| 26. | Introduction of Half Yearly Review of Accounts of Public Sector Banks | November 5, 2001 | DBS.ARS.No.BC.6/08.91.001/2001-02 |
| 27. | Inspection under Section 35 of the Banking Regulation Act, 1949 (As Applicable to Co-op. Societies) - Comment on Quality of Audit | January 25, 2003 | UBD.No.BSD.IP.RO.13/12.05.01/2002-03 |
| 28. | Half yearly / Quarterly Review of Accounts of Public Sector Banks | June 5, 2003 | DBS.ARS.No.BC.17/08.91.001/2002-03 |
| 29. | Guidelines for Consolidated Accounting and other Quantitative Methods to Facilitate Consolidated Supervision - Audit of Consolidated Financial Statements | July 8, 2003 | DBS.ARS.No.BC.2/08.92.001/2002-03 |
| 30. | Assessment of Auditors' Performance for 2002-03 | August 20, 2003 | DBS.ARS.No.122/08.91.011/2003-04 |
| 31. | Appointment of Statutory Central Auditors of Associate Banks of SBI - Payment of Fees for Certifying Data for the Preparation of CFS of SBI Group | April 20, 2004 | DBS.ARS.No.BC.10/08.92.001/2003-04 |
| 32. | Terms and Conditions of Appointment of Statutory/ Concurrent/ Internal Auditors - Implementation of the Recommendations of the Committee on Legal Aspects of Bank Frauds and the Recommendations of the High Level Group Set up by the Central Vigilance Commission (CVC) | August 27, 2004 | DBS.ARS.No.BC.4/08.91.001/2004-05 |
| 33. | Half yearly / Quarterly Review of Accounts of Public Sector Banks | September 23, 2015 | DBS.ARS.No.BC.5/08.91.001/2015-16 |
| 34. | Half yearly / Quarterly Review of Accounts of Public Sector Banks | July 28, 2016 | DBS.ARS.No.BC.2/08.91.001/2016-17 |
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