RBI/2004/101
MPD.No. 255 /07.01.279/2004-05
August 6, 2004
Chairman and Managing Directors/Chief Executive Officers of
All Commercial Banks / Financial Institutions
Dear Sir,
Merger of functions of erstwhile Industrial
and Export Credit Department of Reserve Bank of India with Monetary Policy Department
Please refer to IECD
circular No. RBI/2004/274 dated June 30, 2004 regarding merger of the various
functions of erstwhile Industrial and Export Credit Department with other Departments
of the Reserve Bank with effect from July 1, 2004.
As indicated therein, Monetary Policy Department
has since taken over the functions relating to (i) Food Credit including statements
and returns on food credit submitted by the State Bank of India, State Governments
and Union Territories (ii) Commercial Paper, and (iii) Sectoral Deployment of
Credit.
Accordingly, the following returns may please
be submitted to the Principal Monetary Policy Adviser, Monetary Policy Department,
Reserve Bank of India, Central Office, 24th Floor, Central Office
Building, Fort, Mumbai – 400 001.