Loans extended by Banks to MFs and Issue of IPCs - RBI - Reserve Bank of India
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 |
| Dear Sir |
Banks’ Exposure to Capital Market – |
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) |
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