{"id":253656,"date":"2001-08-13T00:00:00","date_gmt":"2001-08-12T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/need-to-rescind-the-order-imposing-restriction-on-the-urban-on-13-august-2001"},"modified":"2015-06-15T15:55:13","modified_gmt":"2015-06-15T10:25:13","slug":"need-to-rescind-the-order-imposing-restriction-on-the-urban-on-13-august-2001","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/need-to-rescind-the-order-imposing-restriction-on-the-urban-on-13-august-2001","title":{"rendered":"Need To Rescind The Order Imposing Restriction On The Urban &#8230; on 13 August, 2001"},"content":{"rendered":"<div class=\"docsource_main\">Lok Sabha Debates<\/div>\n<div class=\"doc_title\">Need To Rescind The Order Imposing Restriction On The Urban &#8230; on 13 August, 2001<\/div>\n<p id=\"p_1\">Title :  Need to rescind the order imposing restriction on the Urban Cooperative Banks to increase the proportion of Statutory Liquid Ratio holding particularly in Maharashtra \u00e2\u0080\u0093Laid.\n<\/p>\n<p id=\"p_1\">SHRI <a class=\"marker_ref\" href=\"\/search\/?formInput=SADASHIVRAO%20DADOBA%20MANDLIK\" id=\"a_1\">SADASHIVRAO DADOBA MANDLIK<\/a>(<a class=\"marker_ref\" href=\"\/search\/?formInput=KOLHAPUR\" id=\"a_1\">KOLHAPUR<\/a>):  Sir, the Reserve Bank of India vide its circular dated 19.4.2001 has imposed restrictions on the Urban Co-operative Banks to increase  the proportion of Statutory Liquid Ratio (SLR) holding in the form of Government bonds and other approved securities as percentage of Net Demand and Time Liabilities (NDTL) in the prescribed  format provided by them and the manner in which it should be achieved by March, 2002.  The Reserve Bank of India, in its half yearly credit policy has imposed some major conditions which are applicable to the Urban \/ District Central Co-operative Banks.\n<\/p>\n<p id=\"p_2\">\tThe Urban Co-operative Banks have deposited major crunch of the amount  of SLR holdings with the District Central Co-operative Banks.  The amount deposited by these banks forms 40 % of deposits of distt. Central Co-operative Banks.  In view of the changes suggested by RBI, the motto of Co-operative cannot achieve its objective as now the funds deposited with RBI cannot be used in the areas of movement.\n<\/p>\n<p id=\"p_3\">\tI, therefore, request the Government to withdraw the said circular immediately.\n<\/p>\n<p>\u00a0 <\/p>\n<p>\u00a0 <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lok Sabha Debates Need To Rescind The Order Imposing Restriction On The Urban &#8230; on 13 August, 2001 Title : Need to rescind the order imposing restriction on the Urban Cooperative Banks to increase the proportion of Statutory Liquid Ratio holding particularly in Maharashtra \u00e2\u0080\u0093Laid. SHRI SADASHIVRAO DADOBA MANDLIK(KOLHAPUR): Sir, the Reserve Bank of India [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-253656","post","type-post","status-publish","format-standard","hentry","category-judgements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Need To Rescind The Order Imposing Restriction On The Urban ... on 13 August, 2001 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/need-to-rescind-the-order-imposing-restriction-on-the-urban-on-13-august-2001\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Need To Rescind The Order Imposing Restriction On The Urban ... on 13 August, 2001 - Free Judgements of Supreme Court &amp; 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