MANU/RMIC/0067/2016
Ministry : Reserve Bank of India
Department/Board : Department of Banking Regulation
Circular No. : DBR.PSBD.No.95/16.13.100/2015-2016
RBI/DBR/2015-2016/21
Date : 21.04.2016
Notification/ Circulars Referred : DBOD.No.PSBD.BC.92/16.13.100/2009-2010 dated April 20, 2010 MANU/DBOD/0061/2010
Citing Reference:
DBOD.No.PSBD.BC.92/16.13.100/2009-2010 dated April 20, 2010 MANU/DBOD/0061/2010 Referred
Master Direction - Issue and Pricing of shares by Private Sector Banks, Directions, 2016
In exercise of the powers conferred by 35 A of the Banking Regulation Act, 1949 the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest so to do, hereby, issues the Directions hereinafter specified.
CHAPTER - I
PRELIMINARY
1. Short Title and Commencement.--
a. These Directions shall be called the Reserve Bank of India (Issue and Pricing of Shares by Private Sector Banks) Directions, 2016.
b. These directions shall come into effect on the day they are placed on the official website of the Reserve Bank of India (RBI).
2. Applicability.--
The provisions of these Directions shall apply to all private sector banks licensed by RBI to operate in India.
3. Definitions.--
(i) In these Directions, unless the context otherwise requires, the terms herein shall bear the meanings assigned to them below -