Notifications

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Regulations Review Authority (RRA 2.0) – Interim Recommendations – Withdrawal of Redundant Circulars

RBI/2021-22/132
DoS.CO.PPG./SEC.06/11.01.005/2021-22

November 16, 2021

All Scheduled Commercial Banks (including all Small Finance Banks & all Payments Banks),
Local Area Banks &
All Primary Urban Cooperative Banks

Madam/Dear Sir,

Regulations Review Authority (RRA 2.0) – Interim Recommendations – Withdrawal of Redundant Circulars

Please refer to the Press Release dated November 16, 2021 issued on the captioned subject.

2. The circulars listed in the Annexure are withdrawn with effect from close of business today.

Yours faithfully,

(Ajay Kumar Choudhary)
Chief General Manager-in- Charge

Encl: As enclosed


Annexure

S. No. Circular Referred Date Subject Effective date of Supersession/withdrawal Circular No. vide which Superseded
1 DBOD.No.APP.BC.118/C.452(K)-89 April 22, 1989 Appointment of Statutory (Central / Branch) Auditors as Internal Auditors of Banks December 31, 2008 DBS.ARS.No.BC.02/08.91.001/2008-09
2 DBOD.No.BC.182/16.13.100/93-94 October 11, 1993 Introduction of a System of Concurrent Audit in Banks as Recommended by the Ghosh Committee on Frauds and Malpractices in Banks August 14, 1996 DOS.No.BC.16/08.91.021/96
3 DOS.No.BC.16/08.91.021/96 August 14, 1996 Concurrent Audit System in Commercial Banks - Revision of RBI's Guidelines July 15, 2015 DBS.CO.ARS.No.BC.2/08.91.021/2015-16
4 DBS.BC.33/08.91.021/1999-2000 April 6, 2000 Guidelines relating to Concurrent Audit System in Commercial Banks July 15, 2015 DBS.CO.ARS.No.BC.2/08.91.021/2015-16
5 DBS.ARS.No.599/08.91.001/2002-03 January 21, 2003 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.B.C.4/08.91.001/2004-05
6 DBS.ARS.No.BC.18/08.91.021/2002-03 June 24, 2003 Concurrent Audit of Forex Transactions in Banks July 15, 2015 DBS.CO.ARS.No.BC.
2/08.91.021/2015-16
7 DBS.ARS.No.BC.7/08.92.001/2003-04 March 17, 2004 Remuneration Payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2003-04 June 6, 2007 DBS.ARS.No.BC.08/08.92.001/2006-07
8 DBS.ARS.No.BC.09/08.91.001/2003-04 April 20, 2004 Appointment of Statutory Auditors in Banks - Obtention of Declaration of Indebtedness January 6, 2005 DBS.ARS.No.B.C.15/08.91.001/2004-05
9 DBS.ARS.No.BC.08/08.92.001/2006-07 June 6, 2007 Remuneration Payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07 June 25, 2013 DBS.ARS.No.BC.08/08.92.001/2012-13
10 DBS.ARS.BC.No.3/08.92.001/2007-08 July 25, 2007 Remuneration Payable to the Statutory Central and Branch Auditors of Public Sector Banks from the Year 2006-07 June 25, 2013 DBS.ARS.No.BC.08/08.92.001/2012-13
11 DBS.ARS.BC. No.07/08.92.001/2007-08 December 20, 2007 Remuneration Payable to the Statutory Central and Branch Auditors of Public Sector Banks from the Year 2006-07 June 25, 2013 DBS.ARS.No.BC.08/08.92.001/2012-13
12 DBS.ARS.BC.No.09/08.92.001/2009-10 December 31, 2009 Remuneration Payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07 June 25, 2013 DBS.ARS.No.BC.08/08.92.001/2012-13
13 DBS.CO.ARS.BC.8/08.91.001/2014-15 June 4, 2015 Submission of Long Form Audit Report (LFAR) by Concurrent Auditors January 7, 2021 Norms on eligibility, empanelment and appointment of Statutory Branch Auditors in Public Sector Banks from the year 2020-21 and onwards
14 DBS.CO.ARS.No.BC.
2/08.91.021/2015-16
July 15, 2015 Concurrent Audit System in Commercial Banks - Revision of RBI's Guidelines September 18, 2019 DBS.CO.ARS.No.BC.01/08.91.021/2019-20
15 UBD.BPD(PCB).Cir.No.
22/12.05.001/2011-12
March 1, 2012 Supervisory Action Framework for Urban Cooperative Banks (UCBs) November 27, 2014 DCBR.BPD.(PCB).Cir No.3/12.05.001/2014-15
16 UBD.CO.BPD(PCB).Cir.No.
20/12.05.001/2012-13
October 17, 2012 Supervisory Action Framework (SAF) for Urban Co-operative Banks (UCBs) November 27, 2014 DCBR.BPD.(PCB).Cir No.3/12.05.001/2014-15

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