Issue and Pricing of shares by Private Sector Banks, Directions, 2016

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....t, 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 i....

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....ules made thereunder or as used in commercial parlance, as the case may be. CHAPTER - II TYPES OF ISSUES 4. Banks normally issue shares by way of: i) Public Issues a. Initial Public Offer b. Further Public Offer ii) Private Placement a. Preferential Issue b. Qualified Institutional Placement iii) Rights Issue iv) Bonus Issues CHAPTER III ISSUE AND PRICING OF SHARES - GENERAL PER....

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....formula, while for unlisted banks the pricing shall be as per Companies Act and rules made thereunder. v. Allotment of shares to the investors under any of the routes shall be subject to compliance with the extant RBI Master Directions dated November 19, 2015 on Prior approval for acquisition of shares or voting rights in private sector banks which requires investors to obtain specific prior appr....