RBI/2009-10/272
DBOD.Dir.BC. 66 /13.03.00/2009-10
December 23, 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.139/13.03.00/2009-10 dated June 25, 2009 in terms of which the transition period allowed to banks to comply with the requirements contained in our circular No. DBOD.Dir.BC.57/13.03.00/2007-08 dated December 14, 2007, was extended up to December 31, 2009. On a review, it has been decided to further extend the transition period up to June 30, 2010.
Yours faithfully
(P Vijaya Bhaskar)
Chief General Manager-in-Charge
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