Home › Circulars › RBI/2007-2008/103

FIMMDA Reporting Platform for Corporate Bond Transactions

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2007-2008/103 · issued 31 Jul 2007 · ~1 min read
Quick answerFrom September 1, 2007, all commercial banks (except RRBs and LABs) and select AIFIs must report OTC secondary market corporate bond trades on FIMMDA's new platform to boost transparency.

What changed

RBI mandated that all commercial banks and select all-India financial institutions report their secondary market OTC corporate bond transactions on FIMMDA's reporting platform starting September 1, 2007. FIMMDA will aggregate trades from its own platform as well as from BSE and NSE, adding value to the data.

What it means for you

Banks and AIFIs must now ensure their OTC corporate bond trades are reported to FIMMDA, which will centralize and enhance market transparency. This aligns with the Patil Committee's recommendations to develop the corporate bond market. Banks should coordinate with FIMMDA for operational guidelines and mock reporting sessions before the go-live date.

Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.

What banks were required to do at the time

Who it affects

All commercial banks (except RRBs and LABs), All India Financial Institutions (NHB, NABARD, EXIM Bank, SIDBI, TFCI Ltd., IFCI Ltd., IIBI Ltd.)

❓ Common questions

Regulatory timeline

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

What transactions must be reported on FIMMDA's platform?

All secondary market transactions in corporate bonds conducted in the OTC market by commercial banks and select AIFIs must be reported.

When does this reporting requirement take effect?

The requirement becomes effective from September 1, 2007. FIMMDA's platform is currently under trial run and will go live on that date.

Who should we contact for operational details?

FIMMDA will issue detailed operational guidelines. Banks and AIFIs should approach FIMMDA directly for participation in mock reporting sessions and further guidance.

📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #2364: DBOD.BP.BC.NO.23/21.04.141/2007-08 — "FIMMDA Reporting Platform for Corporate Bond Transactions" dated July 31, 2007”
📜 Read the original circular — full text as issued by RBI
RBI/2007-2008/103 DBOD.BP.BC.NO. 23/21.04.141/2007-08  July 31, 2007 To  All Commercial Banks (except RRBs & LABs) and select All India Financial Institutions (NHB, NABARD,EXIM Bank, SIDBI, TFCI Ltd.,IFCI Ltd.,IIBI Ltd.) Dear Sirs, FIMMDA Reporting Platform for Corporate Bond Transactions As you are aware, the High Level Expert Committee on Corporate Bonds and Securitisation (Patil Committee) had recommended setting up of reporting platforms for corporate bonds with a view to enhance transparency and to further the development of corporate bond markets.  Accordingly, BSE and NSE have set up reporting platforms. 2. FIMMDA has now informed us that SEBI has permitted FIMMDA to set up its reporting platform for corporate bonds.  It has also been mandated to aggregate the trades reported on its platform as well as those reported on BSE and NSE with appropriate value addition.  The FIMMDA has proposed to go live with its platform, which at present is under trial run, from September 1, 2007. 3. All Commercial Banks and select AIFIs would be required to report their secondary market transactions in corporate bonds in OTC market, on FIMMDA's reporting platform with effect from September 1, 2007.  Detailed operational guidelines in this regard would be issued by FIMMDA. In the meanwhile, the banks/AIFIs may approach FIMMDA directly for participating in the mock reporting sessions. Yours faithfully, ( Prashant Saran ) Chief General Manager-in-Charge
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2007-2008/103 · issued 31 Jul 2007. The plain-English explanation above is BankPulse’s own independent summary.
🧰 Tools — save, print, templates & related
Most relevant forTreasury Team / ALMCompliance TeamIT & Cyber SecurityRisk ManagementInternal AuditSenior Management / Board
🛠 Banker’s toolkit — checklists & reply templates →
Related circulars · Department of Regulation
SFB Pillar 3 Disclosure Norms Aligned with BaselUCB Deposit Rate Disclosure & Uniformity Rules UpdatedLAB Deposit Rate Disclosure & Uniformity Rules TightenedPayments Banks: Interest Rates Must Match Disclosed ScheduleRBI Updates Bulk Deposit Rate Rules and Disclosure Timing
Browse all departments →

💬 Banker Discussion

Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.

Loading comments…
BankPulse Compliance Evidence Pack — generated 05 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=3747&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
—