Bank Finance against Shares and Debentures - ആർബിഐ - Reserve Bank of India
Bank Finance against Shares and Debentures
RBI/2024-25/54 July 25, 2024 All Primary (Urban) Co-operative Banks Madam / Dear Sir, Bank Finance against Shares and Debentures Please refer to the circular UBD.No.DS.PCB.CIR.16/13.05.00/2001-02 dated October 22, 2001 and para 6.6.5 of Master Circular - Exposure Norms and Statutory / Other Restrictions – UCBs dated January 16, 2024, in terms of which Primary (Urban) Co-operative Banks (UCBs) were advised that the aggregate of their all loans against the security of shares and debentures should be within the overall ceiling of 20 per cent of their owned funds. Yours faithfully, (Vaibhav Chaturvedi) |