RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S1

Notification Marquee

RBI Announcements
RBI Announcements

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Asset Publisher

55676915

Investments in Market Infrastructure Companies by State/Central Cooperative Banks

RBI/2015-16/209
DCBR.CO.RCBD.BC.No. 5/19.51.026/2015-16

October 21, 2015

The Chief Executive Officer
All State/Central Cooperative Banks

Madam/Dear Sir,

Investments in Market Infrastructure Companies
by State/Central Cooperative Banks

Please refer to our circulars RPCD CO RF BC 65/07.02.03/2003-04 dated February 23, 2004 and RPCD CO RF BC 26/07.02.03/2005-06 dated August 04, 2005 in terms of which guidelines were issued to State Cooperative Banks/Central Cooperative Banks (StCBs/CCBs) for investment in Non-SLR securities.

2. On a review of the guidelines, it has been decided to permit investment in shares of Market Infrastructure Companies (MICs) as under:

  1. Investments made by StCBs/CCBs in MICs will be reckoned as Non-SLR investments;

  2. StCBs/CCBs are allowed to exceed the limit for investments in Non-SLR securities, if it becomes necessary to do so for acquiring membership of MICs;

  3. The MICs eligible for such investments by StCBs/CCBs are Clearing Corporation of India Ltd. (CCIL), National Payments Corporation of India (NPCI) and Society for World Wide Inter-Bank Financial Tele-Communication (SWIFT). The list of eligible MICs will be updated from time to time by the Reserve Bank of India.

Yours faithfully,

(Suma Varma)
Principal Chief General Manager

RbiTtsCommonUtility

PLAYING
LISTEN

Related Assets

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

Install the RBI mobile application and get quick access to the latest news!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

Was this page helpful?