Inter-Bank Participations - আরবিআই - Reserve Bank of India
Inter-Bank Participations
RBI/2009-10/113 August 4, 2009 The Chairman Dear Sir, Inter-Bank Participations In terms of our Circular DBOD No.BP.BC.57/62-88 dated December 31, 1988 (copy enclosed) a scheme of Inter-Bank Participat- ion Certificate (IBPC) was introduced for scheduled commercial banks. 2. It has been decided that henceforth, Regional Rural Banks (RRBs) can also issue IBPC of a tenor of 180 days on risk sharing basis to scheduled commercial banks against their priority sector advances in excess of 60% of their outstanding advances. 3. All other features of the scheme of IBPCs will remain unchanged. Yours faithfully, (R.C.Sarangi) Encl : as above |