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RBI relaxes LTD guidelines for co-operative banks- (Reserve Bank of India) (07 Jul 2016)

MANU/RMIC/0111/2016

Banking

The Reserve Bank of India relaxed guidelines for raising and redeeming Long Term (Subordinated Deposits by co-operative banks, replacing them instead with disclosure requirements.

Eligible co-operative banks may now raise LTDs without prior approval of the RBI, subject to Tier I capital; banks may also redeem LTDs on maturity without seeking prior approval of the RBI.

Banks availing benefit of the relaxations will have to make additional disclosures to investors, clarifying the features and risks of the debt instrument.

Relevant : Circular on LTDs MANU/RMIC/0003/2014

Tags : LONG TERM DEPOSIT COOPERATIVE BANK DISCLOSURE

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