The Reserve Bank of India has, today, placed on its website, the ‘Proposed guidelines on authorisation of Primary Dealers in India’ (Annex) for public comments.

The objective of the proposed review of existing guidelines is to make the PD authorisation policy more transparent and ensure that the new PDs have sound capital, adequate experience/expertise in the Government Securities market and prudent risk management measures to enable them to meet their roles and obligations in the Government debt market in an effective manner.

Comments on the revised guidelines may be forwarded to the Chief General Manager, Internal Debt Management Department, Reserve Bank of India, Central Office Building, 23rd floor, S.B. Road, Fort, Mumbai - 400001 or emailed latest by May 22, 2011.

Ajit Prasad
Assistant General Manager

Press Release : 2010-2011/1603