Prudential Norms on Investment in Zero Coupon Bonds

RBI/2010-11/247

DBOD.FID.FIC.No  7/01.02.00 /2010-11, October 28, 2010

The CEOs of select All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI)

Dear Sir,

Prudential Norms on Investment in Zero Coupon Bonds

Please  find  enclosed  circular  DBOD  No. BP .BC .44  / 21.04.141 /  2010-11 dated September 29, 2010 on the above subject. In this connection, it is advised that the above guidelines   issued to banks, shall  mutatis mutandis apply  to the select All-India Financial Institutions (AIFIs)

Yours faithfully,

(Vinay Baijal)

Chief General Manager