Please
refer to BSD Circular No.2 dated lst January, 2002 on the
captioned subject whereby the date of compliance of 20% cap
on FE-25 deposits was extended up to 30-6-2002.
2.
Although the banks have made some progress to be in
compliance with 20% cap on FE-25 deposits, some of them are
still in breach of our instructions. Keeping in view the problems
faced by the banks, and in order to facilitate the banks,
the matter has been revisited and it has been decided to further
extend the compliance date of 20% cap on
FE-25 deposits up to 31st December, 2002.
All banks/NBFIs are advised to ensure compliance of 20% cap
on FE-25 deposits within the extended time period positively.
3.
Other instructions on the subject shall, however, remain
unchanged.
4. Please acknowledge
receipt.
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