Scheduled Commercial Banks Permitted to become Members of SEBI Recognized Stock Exchanges

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....cheduled Commercial Banks Permitted to become Members of SEBI Recognized Stock Exchanges <br>News and Press Release<br>Dated:- 1-12-2012<br><BR>Press Information Bureau Government of India Ministry ....

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....of Finance 30-November-2012 17:54 IST The Reserve Bank of India (RBI) has issued circular dated November 5, 2012, permitting Scheduled Commercial Banks (SCBs) to become members of the stock exchange....

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....s recognized by Securities and Exchange Board of India (SEBI) for the purpose of undertaking proprietary transactions in the corporate bond market. The SCBs have to satisfy the membership criteria of ....

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....the stock exchanges and also comply with the regulatory norms laid down by SEBI and the respective stock exchanges while becoming members of approved stock exchanges. In the past, RBI, vide circular d....

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....ated August 06, 2008, had permitted 'Authorized Dealer (AD) Category-I bank' to become trading and clearing members of the currency futures market of the recognized stock exchanges, on their own accou....

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....nt and on behalf of their clients, subject to fulfilling certain minimum prudential requirements. Further, SCBs can seek membership of the Futures & Options segment of the stock exchanges for the purp....

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....ose of undertaking proprietary transactions for hedging and trading in interest rate risk. This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to ....

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....a question in Lok Sabha today. * * * DSM/RS/bs<BR> News - Press release - PIB....