As per extant instructions, all StCBs/DCCBs have been instructed to frame their investment policy. If any bank is not undertaking investment in government securities, PSU bonds, etc, it should adopt a resolution in this regard and forward the same to regional office of Nabard and RBI concerned, said RBI.
Some banks do not have approved panel of brokers. Many StCBs/DCCBs have written that as they do not involve brokers in any transaction, no panel for the purpose has been approved. All StCBs are advised to prepare an approved panel of brokers, which can be used by all the DCCBs also as and when they undertake any transaction through any broker.
| Many banks have been found not to have undertaken the half-yearly review of their investment portfolio |
Some banks do not have approved panel of brokers
StCBs/DCCBs have placed funds as deposits with PSU/companies / corporations/ UCBs/NBFCs, etc