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click here to return to main page of Annual Monetary and Credit Policy 2004-2005
Annual Monetary and Credit Policy for the year 2004-2005
Monetary Policy Measures- PAGE 3
31. Risk based supervision extended to more banks.
32. Fresh licences to UCBs only after a comprehensive policy.
33. Report of the Working Group on Development Finance Institutions is being put in public domain.
34. Technical Group to evaluate the regulatory and supervisory systems deployed by refinancing institutions (RFIs).
35. Waiver of service charges on banks for electronic funds transfer and electronic clearing services.
36. RBI sets up a Board for Payment and Settlement Systems.
37. RBI expects most commercial banks to join the RTGS system by June 2004.
38. A Working Group on Electronic Funds Transfer for Capital Market constituted.
39. Single window services for all transactions in RBI cash department.
40. Operationalisation of On-line Tax Accounting System by June 2004.
41. Standing Committee on Procedures and Performance Audit on Public Services has submitted four Reports, being put in the public domain.
42. The recommendations of the Advisory/Technical Groups on International Financial Standards and Codes are being pursued.
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