Loans extended by Banks to MFs and Issue of IPCs - RBI

RBI Announcements

RBI Announcements

Published on March 30, 2009

PDF (38.75 KB)

Loans extended by Banks to MFs and Issue of IPCs

RBI/2008-09/422

DBOD.No.Dir.BC. 119 /13.03.00/2008-2009

March 30, 2009

All Scheduled Commercial Banks
(excluding RRBs)

Dear Sir

Banks’ Exposure to Capital Market –
Loans extended by banks to Mutual Funds and
Issue of Irrevocable Payment Commitments (IPCs)

Please refer to our circular No.DBOD.Dir.BC.98/13.03.00/2008-2009 dated December 12, 2008, in terms of which the transition period allowed to banks to comply with the requirements contained in our circular No.DBOD.Dir.BC.57/ 13.03.00/2007-2008 dated December 14, 2007, was extended up to March 31, 2009. On a review, it has been decided to further extend the transition period up to June 30, 2009.

Yours faithfully

(Vinay Baijal)
Chief General Manager

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

Download from Google Play Store

Download from App Store

Scan Your QR code to Install our app

Was this page helpful?