RBI/2016-17/182
IDMD.PDRD.No.08/03.64.00/2016-17
December
13, 2016
To
All Standalone Primary Dealers
Dear Sir/Madam,
Distribution of Relief/Savings
Bonds
A reference is invited to Para
A.1 of the Master Direction on Relief/Savings
Bonds dated July 1, 2016 under which agency banks can
enrol/register brokers for distribution of Relief/Savings bonds. A reference
is also invited to the Para 12 of (Master
Direction) Standalone Primary Dealers (Reserve Bank) Directions, 2016giving
a list of permitted activity for the Standalone Primary Dealers.
2. On a review, it has been
decided to allow Standalone PDs to distribute Relief/Savings bonds under
non-core activities, as brokers of authorized entities, subject to
adherence to terms and conditions listed in Master Direction on
Relief/Savings Bonds.
Yours
faithfully
(A.
Mangalagiri)
Chief General Manager
|