Notifications

(56 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


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