sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Latest Circulars »
 Auction for Sale (Re-issue) of Government Stock (GS) March 18, 2019
 Auction of Government of India Dated Securities March 18, 2019
 Reserve Bank of India Clarifies
 Reserve Bank of India (Prevention of Market Abuse) Directions, 2019
 22nd Meeting of the FSDC Sub-Committee – Mumbai
 RBI to inject Rupee liquidity through long term USD/INR Buy/Sell Swap auction
 RBI-Stable inflation, slower industrial production raise chances of RBI rate cut
  RBI Announces OMO Purchase of Government of India Dated Securities
 Notification No. 20 /2019 - Customs (N.T.) Ministry Of Finance
 Notification No.21/2019 - Customs (N.T.) Central Board Of Indirect Taxes And Customs
 Auction of Government of India Dated Securities March 11, 2019

RBI-Measures to enhance the role of standalone Primary Dealers in Corporate Bond Market
January, 31st 2013

RBI/2012-13/405
IDMD. PCD. No. 2223 / 14.03.05 /2012-13

January 30, 2013

All Standalone Primary Dealers

Dear Sir/Madam,

Measures to enhance the role of standalone Primary Dealers in Corporate Bond Market

With a view to enhance standalone Primary Dealers’ (PDs) role in corporate debt market, it has been decided to:

  1. Allow PDs a sub-limit of 50% of net owned funds for investment in corporate bonds within the overall permitted average fortnightly limit of 225 per cent of NOF as at the end of March of the preceding financial year for call /notice money market borrowing.

  2. Permit PDs to invest in Tier II bonds issued by other PDs, banks and financial institutions to the extent of 10 per cent of the investing PD’s total capital funds.

  3. Permit PDs to borrow to the extent of 150% of NOF as at the end of March of the preceding financial year through Inter Corporate Deposits.

2. The above guidelines are effective from the date of the circular.

Yours faithfully

(K.K. Vohra)
Chief General Manager

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions