Resource Raising Norms for Financial Institutions
This Master Circular outlines the norms for resource raising by financial institutions under the ‘Umbrella Limit’.
The norms cover various instruments, including:
Term Deposits: with specific instructions
Term Money Borrowings: with specific instructions
Certificates of Deposit (CDs): with specific instructions and a proforma provided in Schedule I
Commercial Papers (CPs): with specific instructions, a proforma provided in Schedule II, and a requirement to report defaults on repayment in Schedule IV
Inter Corporate Deposits (ICDs): with specific instructions
The circular also outlines norms for the issue of Bonds/Debentures.
Annex 1 provides directions on Commercial Paper, and the circular includes various schedules, including a proforma for CDs, CPs, and an IPA Certificate.
Chat with the Master Circular:
Download: Master Circular – Resource Raising Norms for Financial Institutions