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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 The circulars listed in the Annexure are withdrawn with effect from close of business today.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Circular No. vide which Superseded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