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 -