DBOD.No.BP.BC. 21 /21.04.141/2003-04, Dt. 02/09/2003
Master Circular-Prudential Norms for Cassification, Valuation and Operation of Investment Portfolio by Banks
PREVIOUSANNEXURE - IV
Para 1.2.8 (ii)
Recommendations of the Group on Non-SLR investments of banks
Pro-forma of minimum disclosure requirements in respect of private placement issues - Model Offer Document
All issuers must issue an offer document with terms of issue, authorised by Board Resolution not older than 6 months from the date of issue. The offer document should specifically mention the Board Resolution authorising the issue and designations of the officials who are authorised to issue the offer document. The offer document may be printed or typed "For Private Circulation Only". The Offer Document should be signed by the authorised signatory. The offer document should contain the following minimum information :
I. General Information1. Name and address of registered office of the company2. Full names (expanded initials), addresses of Directors and the names of companies where they are Directors.3. Listing of the issue (If listed, name of the Exchange)4. Date of opening of the issueDate of closing of the issueDate of earliest closing of the issue.5. Name and addresses of auditors and Lead Managers/arrangers6. Name address of the trustee-consent letter to be produced (in case of debenture issue)7. Rating from any Rating Agency and / or copy of the rationale of latest rating.
II. Particulars of the issuea. Objectsb. Project cost and means of financing (including contribution of promoters) in case of new projects.
III. The model offer document should also contain the following information :(1) Interest rate payable on application money till the date of allotment.
(2) Security : If it is a secured issue, the issue is to be secured, the offer documents should mention description of security, type of security, type of charge, Trustees, private charge-holders, if any, and likely date of creation of security, minimum security cover, revaluation, if any.
(3) If the security is collateralised by a guarantee, a copy of the guarantee or principal terms of the guarantee are to be included in the offer document.
(4) Interim Accounts, if any.
(5) Summary of last audited Balance Sheet and Profit & Loss Account with qualifications by Auditors, if any.
(6) Last two published Balance Sheet may be enclosed.
(7) Any conditions relating to tax exemption, capital adequacy etc. are to be brought out fully in the documents.
(8) The following details in case of companies undertaking major expansion or new projects :- (copy of project appraisal may be made available on request)
a. Cost of the project, with sources and uses of funds
b. Date of commencement with projected cash flows
c. Date of financial closure (details of commitments by other institutions to be provided)
d. Profile of the project (technology, market etc)
e. Risk factors
(9) If the instrument is of tenor of 5 years or more, projected cash flows.
IV . Banks may agree to insist upon the following conditionalities for issues under private placementsAll the issuers in particular private sector corporates, should be willing to execute a subscription agreement in case of all secured debt issues, pending the execution of Trust Deed and charge documents. A standardised subscription agreement may be used by the banks, inter-alia, with the following important provisions.
a. Letter of Allotment should be made within 30 days of allotment. Execution of Trust Deed and charge documents will be completed and debentures certificates will be despatched within the time limit laid down in the Companies Act but not exceeding in any case, 6 months from the date of the subscription agreement.
b. In case of delay in complying with the above, the company will refund the amount of subscription with agreed rate of interest, or, will pay penal interest of 2% over the coupon rate till the above conditions are complied with, at the option of the bank.
c. Pending creation of security, during the period of 6 months (or extended period), the principal Directors of the company should agree to indemnify the bank for any loss that may be suffered by the bank on account of the subscription to their debt issue. (This condition will not apply to PSUs).
d. It will be the company’s responsibility to obtain consent of the prior charge-holders for creation of security within the stipulated period. Individual banks may insist upon execution of subscription agreement or a suitable letter to comply with the terms of offer such as appointment of trustee, creation of security etc. on the above lines.
e. Rating : The Group recommends that the extant regulations of SEBI in regard to rating of all debt instruments in public offers would be made applicable to private placement also. This stipulation will also apply to preference shares which are redeemable after 18 months.
f. Listing : Currently, there is a lot of flexibility regarding listing required by banks in private placement issues. However, the Group recommends that listing of companies should be insisted upon, ( exceptions, if any, to this rule shall be provided in the Investment Policy of the banks) which would in due course help develop secondary market. The advantage of listing would be that the listed companies would be required to disclose information periodically to the Stock Exchanges which would also help develop the secondary markets by way of investor information. In fact, SEBI has advised all the Stock Exchanges that all listed companies should publish unaudited financial results on a quarterly basis and that they should inform the Stock Exchanges immediately of all events which would have a bearing on the performance/operations of the company as well as price sensitive information.
g. Security / documentation : To ensure that the documentation is completed and security is created in time, the Group has made recommendations which is contained in this model offer document. It may be noted that in case of delay in execution of Trust Deed and Charge documents, the company will refund the subscription with agreed rate of interest or will pay penal interest of 2% over the coupon rate till these conditions are complied with at the option of the bank. Moreover, Principal Directors of the company will have to agree to indemnify the bank for any loss that may be suffered by the bank on account of the subscription to the debt issue during the period of 6 months (or extended period) pending creation of security.
ANNEXURE V
Para 1.3.1
RETURN/STATEMENT NO. 9Proforma
Statement showing the position of Reconciliation of Investment
Account as on 31st March
Name of the bank/ Institution : _____________________________________
| (Face value Rs. in crore) |
|
| Particulars of securities | General Ledger Balance | SGL Balance
| BRs held | SGL Forms held | Actual Scrips held | Outstanding deliveries |
| As per PDO books | As per bank's institution's books |
|
| 1. | 2. | 3. | 4. | 5. | 6. | 7. | 8. |
|
I. Central Government
II. State Government
III. Other approved securities
IV. Public Sector bonds
V. Units of UTI (1964)
VI. Others (Shares & debentures etc.) |
TOTAL :
|
Note : Similar statements may be furnished in respect of PMS client’s Accounts and other constituents’ Accounts (including Brokers). In the case of PMS/other constituents’ accounts, the face value and book value of securities appearing in the relevant registers of the bank should be mentioned under Column 2.
Signature of the AuthorisedOfficial with the Name and Designation.
General instructions for compiling reconciliation statement
a) Column - 2 (GL balances)
It is not necessary to give complete details of securities in the format. Only aggregate amount of face value against each category may be mentioned. The corresponding book value of securities may be indicated in bracket under the amount of face value of securities under each category.
b) Column - 3 and 4 (SGL balances)In the normal course balances indicated against item three and four should agree with each other. In case of any difference on account of any transaction not being recorded either in PDO or in the books of the bank this should be explained giving full details of each transaction.
c) Column - 5 (BRs held)If the bank is holding any BRs for purchases for more than 30 days from the date of its issue, particulars of such BRs should be given in a separate statement.
d) Column - 6 (SGL forms held)Aggregate amount of SGL forms received for purchases which have not been tendered with Public Debt Office should be given here.
e) Column - 7Aggregate amount of all scrips held in the form of bonds, letters of allotments, subscription receipts as also certificates of entries in the books of accounts of the issuer (for other than government securities), etc. including securities which have been sold but physical delivery has not been given should be mentioned.
f) Column - 8 (outstanding deliveries)This relates to BRs issued by the bank, where the physicals/scrips have not been delivered but the balance in General Ledger has been reduced. If any BR issued is outstanding for more than thirty days the particulars of such BRs may be given in a separate list indicating reasons for not affecting the delivery of scrips.
g) GeneralFace value of securities indicated against each item in column two should be accounted for under any one of the columns from four to seven. Similarly, amount of outstanding deliveries (BRs issued) which has been indicated in column eight will have to be accounted for under one of the columns four to seven. Thus the total of columns two and eight should tally with total of columns four to seven.
ANNEXURE VI
Para 4.5.5
DisclosureThe following disclosures should be made by banks in the "Notes on Accounts’ to the Balance Sheet.
(Rs. In crore)
| | Minimum outstanding during the year | Maximum outstanding during the year | Daily Average outstanding during the year | As on March 31 |
| Securities sold under repos | | | | |
| Securities purchased under reverse repos | | | | |
ANNEXURE VII
Para 4.5.6
Illustrative examples for uniform accounting of Repo / Reverse repo transactionsA. Repo/ Reverse Repo of Coupon bearing security
1. Details of Repo in a coupon bearing security:
| Security offered under Repo | 11.43% 2015 | |
| Coupon payment dates | 7 August and 7 February | |
| Market Price of the security offered under Repo (i.e. price of the security in the first leg) | Rs.113.00 | (1) |
| Date of the Repo | 19 January, 2003 | |
| Repo interest rate | 7.75% | |
| Tenor of the repo | 3 days | |
| Broken period interest for the first leg* | 11.43%x162/360x100=5.1435 | (2) |
| Cash consideration for the first leg | (1) + (2) = 118.1435 | (3) |
| Repo interest** | 118.1435x3/365x7.75%=0.0753 | (4) |
| Broken period interest for the second leg | 11.43% x 165/360x100=5.2388 | (5) |
| Price for the second leg | (3)+(4)-(5) = 118.1435 + 0.0753 - 5.2388 = 112.98 | (6) |
| Cash consideration for the second leg | (5)+(6) = 112.98 + 5.2388 = 118.2188 | (7) |
* Computation of days based on 30/360 day count convention
** Computation of days based on Actual/365 day count convention applicable to money market instruments
2. Accounting for seller of the security
We assume that the security was held by the seller at the book value (BV) of Rs.120.0000
First leg Accounting
| | Debit | Credit |
| Cash Repo Account | 118.1435 | 120.0000
(Book value) |
| Repo Price Adjustment account | 7.0000
(Difference between BV & repo price) | |
| Repo Interest Adjustment account | | 5.1435 |
Second Leg Accounting
| | Debit | Credit |
| Repo Account Repo Price Adjustment account | 120.0000 | 7.02 (the difference between the BV and 2nd leg price) |
| Repo Interest Adjustment account Cash account | 5.2388 | 118.2188 |
The balances in respect of the Repo Price Adjustment Account and Repo Interest Adjustment Account at the end of the second leg of repo transaction are transferred to Repo Interest Expenditure Account. In order to analyse the balances in these accounts, the ledger entries are shown below :
Repo Price Adjustment account
| Debit | Credit |
| Difference in price for the 1st leg | 7.00 | Difference in price for the 2nd leg | 7.02 |
| Balance carried forward to Repo Interest Expenditure account | 0.02 | | |
| Total | 7.02 | Total | 7.02 |
Repo Interest Adjustment account
| Debit | Credit |
| Broken period interest for the 2nd leg | 5.2388 | Broken period interest for the 1st leg | 5.1435 |
| | | Balance carried forward to Repo Interest Expenditure account | 0.0953 |
| Total | 5.2388 | Total | 5.2388 |
Repo Interest Expenditure Account
| Debit | Credit |
| Balance from Repo Interest Adjustment account | 0.0953 | Balance from Repo Price Adjustment account | 0.0200 |
| | | Balance carried forward to P & L a/c. | 0.0753 |
| Total | 0.0953 | Total | 0.0953 |
3. Accounting for buyer of the security
When the security is bought, it will bring its book value with it. Hence market value is the book value of the security.
First leg Accounting:
| | Debit | Credit |
| Reverse Repo Account | 113.0000 | |
| Reverse Repo Interest Adjustment account | 5.1435 | |
| Cash account | | 118.1435 |
Second Leg Accounting
| | Debit | Credit |
| Cash account | 118.2188 | |
| Reverse Repo Price Adjustment account (Difference between the 1st and 2nd leg prices) | 0.0200 | |
| Reverse Repo account | | 113.0000 |
| Reverse Repo Interest Adjustment account | | 5.2388 |
The balances in respect of the Reverse Repo Interest Adjustment Account and Reverse Repo Price adjustment account at the end of the second leg of reverse repo in these accounts are transferred to Repo Interest Income Account. In order to analyse the balances in these two accounts, the ledger entries are shown below:
Reverse Repo Price Adjustment Account
| Debit | Credit |
| Difference in price of 1st & 2nd leg | 0.0200 | Balance to Repo Interest Income a/c. | 0.0200 |
| Total | 0.0200 | Total | 0.0200 |
Reverse Repo Interest Adjustment Account
| Debit | Credit |
| Broken period interest for the 1st leg | 5.1435 | Broken period interest for the 2nd leg | 5.2388 |
| Balance carried forward to Repo Interest Income Account | 0.0953 | | |
| Total | 5.2388 | Total | 5.2388 |
Reverse Repo Interest Income Account
| Debit | Credit |
| Difference between the 1st & 2nd leg prices | 0.0200 | Balance from Reverse Repo Interest Adjustment account | 0.0953 |
| Balance carried forward to P & L account | 0.0753 | | |
| Total | 0.0953 | Total | 0.0953 |
4. Additional accounting entries to be passed on a Repo / Reverse Repo transaction on a coupon bearing security, when the accounting period is ending on an intervening day.
Transaction Leg
à | 1st leg | End of accounting period | 2nd leg |
| Dates à | 19 Jan 03 | 21 Jan 03* | 22 Jan 03 |
The difference in the clean price of the security between the first leg and the second leg should be apportioned upto the Balance Sheet date and should be shown as Repo Interest Income / Expenditure in the books of the seller / buyer respectively and should be debited / credited as an income / expenditure accrued but not due. The balances under Income / expenditure accrued but not due should be taken to the balance sheet
The coupon accrued by the buyer should also be credited to the Repo Interest Income account. No entries need to be passed on " Repo / Reverse Repo price adjustment account and Repo / Reverse repo interest adjustment account" . The illustrative accounting entries are shown below:
a) Entries in Seller’s books on January 21, 2003
| Account Head | Debit | Credit |
| Repo Interest Income account [ Balances under the account to be transferred to P & L] | | 0.0133 ( Notional credit balance 0.0133 in the Repo Price Adjustment Account by way of apportionment of price difference for two days i.e. upto the balance sheet day) |
| Repo interest Income accrued but not due | 0.0133 | |
*21 January, 2003 is assumed to be the balance sheet date
b) Entries in Seller’s books on January 21, 2003
| Account Head | Debit | Credit |
| Repo interest income | 0.0133 | |
| P & L a/c | | 0.0133 |
c) Entries in Buyer's Books on January 21, 2003
| Account Head | Debit | Credit |
| Repo interest income accrued but not due | 0.0502 | |
| Repo Interest Income account [Balances under the account to be transferred to P & L] | | 0.0502 (Interest accrued for 3 days of Rs. 0.0635* - Apportionment of the difference in the clean price of Rs. 0.0133) |
*For the sake of simplicity the interest accrual has been considered for 2 days.
d) Entries in Buyer's Books on January 21, 2003
| Account Head | Debit | Credit |
| Repo interest income account | 0.0502 | |
| P& L a/c | | 0.0502 |
The difference between the repo interest accrued by the seller and the buyer is on account of the accrued interest forgone by the seller on the security offered for repo.B. Repo/ Reverse Repo of Treasury Bill1. Details of Repo on a Treasury Bill
| Security offered under Repo | GOI 91 day Treasury Bill maturing on 28 February, 2003 | |
| Price of the security offered under Repo | Rs.96.0000 | (1) |
| Date of the Repo | 19 January, 2003 | |
| Repo interest rate | 7.75% | |
| Tenor of the repo | 3 days | |
| Total cash consideration for the first leg | 96.0000 | (2) |
| Repo interest | 0.0612 | (3) |
| Price for the second leg | (2)+(3) = 96.0000 + 0.0612 = 96.0612 | |
| Cash consideration for the 2nd leg | 96.0612 | |
2. Accounting for seller of the security
We assume that the security was held by the seller at the book value (BV) of Rs.95.0000
First leg Accounting:
| | Debit | Credit |
| Cash Repo Account | 96.0000 | 95.0000
(Book value) |
| Repo Price adjustment account | | 1.0000
(Difference between BV & repo price ) |
Second Leg Accounting
Repo Account
Repo Price adjustment account | 95.0000
1.0612
(the difference between the BV and 2nd leg price) | |
| Cash account | | 96.0612 |
The balances in respect of the Repo Price Adjustment Account at the end of the second leg of repo transaction are transferred to Repo Interest Expenditure Account. In order to analyse the balances in this account, the ledger entries are shown:
Repo Price Adjustment account
| Debit | Credit |
| Difference in price for the 2nd leg | 1.0612 | Difference in price for the 1st leg | 1.0000 |
| | | Balance carried forward to Repo Interest Expenditure account | 0.0612 |
| Total | 1.0612 | Total | 1.0612 |
Repo Interest Expenditure Account
| Debit | Credit |
| Balance from Repo Price Adjustment account | 0.0612 | Balance carried forward to P & L a/c. | 0.0612 |
| Total | 0.0612 | Total | 0.0612 |
The Seller will continue to accrue the discount at the original discount rate during the period of the repo.
3. Accounting for buyer of the security
When the security is bought, it will bring its book value with it. Hence market value is the book value of the security.
First leg Accounting:
| | Debit | Credit |
| Reverse Repo Account | 96.0000 | |
| Cash account | | 96.0000 |
Second Leg Accounting
| | Debit | Credit |
| Cash account | 96.0612 | |
Repo Interest Income account
(Difference between the 1st and 2nd leg prices) | | 0.0612 |
| Reverse Repo account | | 96.0000 |
The Buyer will not accrue for the discount during the period of the repo.
4. Additional accounting entries to be passed on a Repo / Reverse Repo transaction on a Treasury Bill, when the accounting period is ending on an intervening day.
Transaction Leg
à | 1st leg | B/S date | 2nd leg |
| Date à | 19 Jan.03 | 21 Jan.03* | 22 Jan.03 |
*21 January, 2003 is assumed to be the balance sheet date
a. Entries in Seller’s books on January 21, 2003
| Account Head | Debit | Credit |
| Repo Interest Expenditure account (after apportionment of repo interest for two days) [ Balances under the account to be transferred to P & L] | 0.0408 | |
| Repo interest expenditure accrued but not due | | 0.0408 |
b. Entries in Seller’s books on January 21, 2003
| Account Head | Debit | Credit |
| Repo interest expenditure account | | 0.0408 |
| P & L a/c | 0.0408 | |
c. Entries in Buyer's Books on January 21, 2003
| Account Head | Debit | Credit |
| Repo interest income accrued but not due | 0.0408 | |
| Repo Interest Income account [Balances under the account to be transferred to P & L] | | 0.0408 |
d. Entries in Buyer's Books on January 21, 2003
| Account Head | Debit | Credit |
| Repo interest income account | 0.0408 | |
| P & L a/c | | 0.0408 |
Appendix
Master Circular
Classification, valuation and operation of investments
List of Circulars consolidated by the Master Circular
| No | Circular No. | Date | Relevant para no. of the circular | Subject | Para no. of the master circular |
| 1 | DBOD.No.Dir.BC.42/C.347-87 | 15 April 1987 | 2.B(ii), (iii) and 3,4 | Buy-back arrangements in Government & Other Approved Securities entered into by commercial banks | 1.2.1 (ii) (e) (f) (g) |
| 2 | DBOD.No.Dir.BC.127/ C.347(PSB)-88 | 11 April 1988 | 1,3 | Buy-back arrangements in Government & Other Approved Securities entered into by commercial banks | 1.2 .1 (ii) (f), (iv) (a) & (b) |
| 3 | DBOD.No.FSC.BC.69/C.469-90/91 | 18 Jan 1991 | 1,2,4 | Portfolio Management on behalf of clients | 1.3. 3 |
| 4 | DO.DBOD.No.FSC.46/C.469-91/92 | 26 July 1991 | 4(i),(ii),(iii),(iv),(v),(iv) | Investment portfolio of banks-Transaction in securities | 1.2 (i) |
| 5 | DBOD.No.FSC.BC.143A/24.48.001/91-92 | 20 June 1992 | 3(I), 3(I)-(ii)-(iii)-(iv)-(v)-(xi)-(xii)-(xvi)-(xvii), 3(II),3(III), 3(V)-(i)-(ii)-(iii),(3) & (4) | Investment portfolio of banks-Transaction in securities | 1.2 (ii),(iii) & (iv), 1.2.2,1.2.3, 1.2.5, 1.2.6 1.2.7 |
| 6 | DBOD.No.FSC.BC.11/24.01.009/92-93 | 30 July 1992 | 3,4,5,6 | Portfolio Management on behalf of clients | 1.3.3 |
| 7 | DBOD.No.FMC/BC/17/24.48.001.92/93 | 19 Aug 1992 | 2 | Investment portfolio of banks-Transaction in securities | 1.3.2 |
| 8 | DBOD.FMC.BC. 62/27.02.001/92-93 | 31 Dec 1992 | 1 | Investment portfolio of banks-Transaction in securities | 1.2.6 |
| 9 | DBOD.No.FMC.1095/27.01.002/93 | 15 April 1993 | 1 & enclosed format | Investment portfolio of banks- Reconciliation of holdings | 1.3.1 & Annexure-V |
| 10 | DBOD.No.FMC.BC.141/27.02.006/93/94 | 19 July 1993 | Annexure | Investment portfolio of banks-Transaction in securities-Aggregate contract limit for individual brokers-Clarifications | Annexure-III |
| 11 | DBOD.No.FMC.BC.1/27.02.001/93-94 | 10 Jan 1994 | 1 | Investment portfolio of banks-Transaction in securities-Bouncing of SGL transfer forms- Penalties to be imposed. | 1.2.2 |
| 12 | DBOD.No.FMC.73/27.07.001/ 94-95 | 7 June 1994 | 1,2 | Acceptance of deposits under Portfolio Management Scheme | 1.3.3 |
| 13 | DBOD.No.FSC.BC.130/24.76.002/94-95 | 15 Nov 1994 | 1 | Investment portfolio of banks-Transaction in securities-Bank Receipts(BRs) | 1.2.3 |
| 14 | DBOD.No.FSC.BC.129/24.76.002/94-95 | 16 Nov 1994 | 2 & 3 | Investment portfolio of banks-Transaction in securities-Role of brokers | 1.2.6 |
| 15 | DBOD.No.FSC.BC.142/24.76.002/94-95 | 9 Dec 1994 | 1& 2 | Investment portfolio of banks-Transaction in securities-Role of brokers | 1.2.6 |
| 16 | DBOD.No.FSC.BC.70/24.76.002/95-96 | 8 June 1996 | 2 | Retailing of Government Securities | 1.2.4 |
| 17 | DBOD.No.FSC.BC.71/24.76.001/96 | 11 June 1996 | 1 | Investment portfolio of banks-Transaction in securities | 1.2.2 |
| 18 | DBOD.No.BC.153/24.76.002/96 | 29 Nov 1996 | 1 | Investment portfolio of banks-Transaction in securities | 1.2.6 |
| 19 | BP. BC. 9/ 21.04.048/98 | 29 Jan 1997 | 3 | Prudential norms - capital adequacy, income recognition, asset classification and provisioning. | 5.1 (iii) & (iv) |
| 20 | BP. BC. 32/ 21.04.048/ 97 | 12 April 1997 | 1&2 | Prudential norms - capital adequacy, income recognition, asset classification and provisioning | 4.1 (i) &(ii) |
| 21 | DBOD.FSC.BC.129/24.76.002-97 | 22 Oct 1997 | 1 | Retailing of Government Securities | 1.2.4 |
| 22 | DBOD.No.BC.112/24.76.002/ 1997 | 14 Oct 1997 | 1 | Investment portfolio of banks- Transaction in securities-Role of brokers | 1.2.6 |
| 23 | BP. BC. 75/ 21.04.048/ 98 | 4 Aug 1998 | All | Acquisition of Government and other approved securities - Broken Period Interest, - Accounting Procedure | 5.2 |
| 24 | DBS.CO.FMC.BC.18/22.53.014/99-2000 | 28 Oct 1999 | 2,3,4 &5 | Investment portfolio of banks-Transaction in securities | 1.2.2 |
| 25 | DBOD.No.FSC.BC.150/ 24.76.002/99-2000 | 23 March 2000 | 1,2, Annexure(I), & (V) | Ready Forward Contracts | 1.2.1, Annexures II |
| 26 | DBOD.No.FSC. BC.26/24.76. 002/2000 | 6 Oct 2000 | 2 | Sale of Government securities allotted in the auctions for Primary issues | 1.2(i)(a) |
| 27 | BP. BC. 32/ 21.04.048 /2000- 01 | 16 Oct 2000 | All | Guidelines on classification and valuation of investments. | 2,3 &4 |
| 28 | DBOD.FSC.BC. No.39/24.76.002/2000 | 25 Oct 2000 | 1 | Investment portfolio of banks-Transaction in securities-Role of brokers | 1.2.6 |
| 29 | Dir.BC.107/13.03.00/2000-01 | 19 April 2001 | 6 | Monetary and Credit Policy for the year 2000-2002-Interest Rate Policy | 4.3 |
| 30 | BP. BC. 119/ 21.04.137/ 2000- 2001 | 11 May 2001 | Annex - 5&12 | Bank financing of equities and investments in shares - Revised guidelines | 1.2, 1.2.5 1.3, 1.3.1 |
| 31 | BP. BC. 127/ 21.04.048/ 2000- 01 | 7 June 2001 | All | Non- SLR Investments of Banks | 2,3 &4 Annexure- IV |
| 32 | BP.BC. 57/21.04.048/2001-02 | 10, Jan 2002 | Para 2 | Valuation of investment by banks | 3.4 |
| 33 | BP.BC.61/21.04.048/2001-02 | Jan 25, 2002 | All | Guidelines for investments by banks/Fis and Guidelines for financing of restructured accounts by banks/Fis | 1.2.8 (iv) |
| 34 | BP.BC.99/21.01.002/2001-02 | May 3 2002 | Para 2 | Monetary & Credit Policy 2002-03 - IFRA | 3.4 |
| 35 | DBOD.No.FSC.BC.113/24.76.002/2001-02 | June 7 2002 | All | On Investment Portfolio of Banks Transaction in Govt. Securities | 1.3.4 |
| 36 | DBOD.No.FSC. BC.84/24.76.002/2002-03 | 26 March 2003 | All | Ready Forward Contracts | Annexure II |
| 37 | DBOD.No.FSC. BC.90/24.76.002/2002-03 | March 31 2003 | All | Ready Forward Contracts | 1.2.1(i), (ii) and (iii) |
| 38 | IDMC.3810/11.08.10/2002-03 | March 24 2003 | All | Guidelines for uniform accounting for Repo / Reverse Repo transactions | 4, Annexure VI & Annexure VII |
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