**Summary:**
The Reserve Bank of India (RBI) issued circular RBI20222338, DoS.CO.PPG.SEC.0211.01.005202223 on May 2, 2022, addressing the Registrar of Cooperative Societies of all States and Union Territories, and all Primary Urban Cooperative Banks. This circular pertains to the withdrawal of certain circulars as an interim recommendation of the Regulations Review Authority (RRA) 2.0. Effective from the close of business on May 2, 2022, the following circulars are withdrawn:
1. UBD.CO.BPD.35 dated January 21, 2009, regarding Internal Assignments in Banks by Statutory Auditors.
2. UBD.No.BSD/IRes.5 dated March 30, 1998, concerning Annual Audit Conducted by the Departmental Auditors Pointing out the Violations by the Primary Cooperative Banks on various Directives/Guidelines issued by the RBI.
3. UBD.No.POT.7/UB.299192 dated December 20, 1991, relating to the Audit of Primary Urban Cooperative Banks.
4. UBD.PO.98/UB.298687 dated June 25, 1987, regarding Standards for Audit Classification of Primary Urban Cooperative Banks and Representation to Urban Banks/their Federations on the Boards of Management of State Cooperative Banks/District Central Cooperative Banks/Federations of Short-term Cooperative Credit Structure.
5. UBD.No.PO.94/UB298586 dated April 12, 1986, pertaining to Standards for Audit Classification of Primary Urban Cooperative banks.
6. UBD.PO.719/UB.298485 dated December 04, 1984, concerning Standards for Audit Classification of Primary Urban Cooperative Banks.
7. UBD.No.Plan.32/09.61.00/93-94 dated November 23, 1993, regarding Computerization in the Primary Urban Cooperative Banks (Marathe Committee).
8. UBD.No.Plan.86/UB.100/92-93 dated June 24, 1993, concerning Computerization in the Primary Urban Cooperative Banks (Marathe Committee).
Arnab Kumar Chowdhury, Chief General Manager-in-Charge, is the contact person for this circular.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the banking system.
Regulations Review Authority 2.0: An authority within the Reserve Bank of India focused on reviewing and streamlining existing regulations.
Primary Urban Cooperative Banks: Cooperative banks that operate in urban areas and provide banking services to their members.
All States Union Territories: Refers to all states and union territories within India, indicating the geographical scope of the circular.
Arnab Kumar Chowdhury: Chief General Manager-in-Charge at the Reserve Bank of India, responsible for the circular's issuance.
Marathe Committee: A committee, likely related to banking regulations or computerization, mentioned in relation to Primary Urban Cooperative Banks.
State Cooperative Banks: Cooperative banks operating at the state level.
District Central Cooperative Banks: Cooperative banks operating at the district level, playing a role in short-term cooperative credit.
भारतीय �रज़व र् बक�
RESERVE BANK OF INDIA
RBI/2022-23/38
DoS.CO.PPG./SEC.02/11.01.005/2022-23 May 2, 2022
The Registrar of Cooperative Societies (All States/ Union Territories)
All Primary (Urban) Cooperative Banks
Madam / Dear Sir,
Regulations Review Authority (RRA 2.0) – Interim Recommendations –
Withdrawal of Circulars
Please refer to the Press Release dated May 2, 2022 issued on the captioned subject.
2. The circulars listed in the Annexure are withdrawn with effect from close of business
today.
Yours faithfully,
(Arnab Kumar Chowdhury)
Chief General Manager-in-Charge
Encl: As aboveAnnexure
List of Circulars withdrawn
Sr. Circular No. Date Subject
No.
1 UBD.CO.BPD.35/ January 21, 2009 Internal Assignments in Banks
12.05.001/2008-09 by Statutory Auditors
2 UBD.No.BSD- March 30, 1998 Annual Audit Conducted by the
I/Res.5/ Departmental Auditors -
12.05.01/97-98 Pointing out the Violations by
the Primary Co-operative
Banks on various
Directives/Guidelines issued by
the RBI
3 UBD.No.POT.7/ December 20, 1991 Audit of Primary (Urban) Co-
UB.29-91/92 operative Banks
4 UBD.P&O.98/ June 25, 1987 Standards for Audit
UB.29-86/87 Classification of Primary
(Urban) Co-operative Banks
and Representation to Urban
Banks/their Federations on the
Boards of Management of
State Co-operative
Banks/District Central Co-
operative Banks/Federations of
Short-term Co-operative Credit
Structure
5 UBD.No.P&O.94/ April 12, 1986 Standards for Audit
UB-29-85/86 Classification of Primary
(Urban) Co-operative banks
6 UBD.P&O.719/ December 04, 1984 Standards for Audit
UB.29-84/85 Classification of Primary
(Urban) Co-operative Banks
7 UBD.No.Plan.32/ November 23, 1993 Computerization in the Primary
09.61.00/93-94 (Urban) Co-operative Banks -
Marathe Committee
8 UBD.No.Plan.86/ June 24, 1993 Computerization in the Primary
UB.100/92-93 (Urban) Co-operative Banks -
Marathe Committee