RBI/2009-10/115
DBOD No.BP.BC. 28 /21.04.141/2009-10 August 4, 2009 The Chairman and Managing Directors /
Chief Executive Officers of
All Scheduled Commercial Banks
(Excluding RRBs & LABs) Dear Sir, Inter-Bank Participations - Scheduled Commercial Banks Please refer to our Circular DBOD No.BP.BC.57/62-88 dated December 31, 1988 on the captioned subject. 2. It has been decided that henceforth, Regional Rural Banks (RRBs) can also issue Inter-Bank Participation Certificates (IBPCs) of a tenor of 180 days on risk sharing basis to scheduled commercial banks against their priority sector advances in excess of 60% of their outstanding advances. 3. All other features of the scheme of IBPCs will remain unchanged.
Yours faithfully,
(B. Mahapatra)
Chief General Manager
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