Master Direction on Issue and Pricing of Shares by Private Sector Banks
This Master Direction outlines the guidelines for private sector banks in India regarding the issue and pricing of shares.
Applicability: This direction applies to all private sector banks in India.
The direction is divided into four chapters:
Chapter I: Preliminary
This chapter deals with the short title, commencement, and definitions related to the direction.
Chapter II: Types of Issues
This chapter outlines the different types of share issues that private sector banks can undertake.
Chapter III: Issue and Pricing of Shares – General Permission
This chapter provides general permission and guidelines for private sector banks to issue and price their shares.
Chapter IV: Repeal and Other Provisions
This chapter deals with the repeal of previous directions and other provisions related to the issue and pricing of shares by private sector banks.
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Download: Master Direction – Issue and Pricing of shares by Private Sector Banks, Directions, 2016