RBI/2007-08/38
RPCD. MFFI. BC.No.08 / 12.01.001/ 2007-08

July 2, 2007

The Chairman/ Managing Director/
Chief Executive Officer
All Scheduled Commercial Banks

Dear Sir,

Please refer to our Master Circular RPCD. No. Plan. BC. 05 / 04.09.22/ 2006-07 dated July 3, 2006 on the above subject. The enclosed Master Circular consolidates the instructions issued by Reserve Bank on the subject up to June 30, 2007. The list of circulars containing these instructions is given in the Appendix to the Master Circular.

Please acknowledge receipt.

Yours faithfully

(G.Srinivasan)
Chief General Manager