Source: Reserve Bank of India · RBI/2010-2011/38 · issued 01 Jul 2009 · ~2 min read
Quick answerRBI consolidated resource raising norms for Exim Bank, NABARD, NHB, and SIDBI into a single master circular effective July 1, 2010. It covers umbrella limits for deposits, CPs, CDs, and bonds, aiming to level the playing field among these institutions.
What changed
This master circular consolidates all previous instructions on resource raising for all-India term lending and refinancing institutions up to June 30, 2010, replacing the July 1, 2009 version. It updates norms for instruments like term deposits, commercial papers, certificates of deposit, and bonds, and includes a standing committee for faster bond issuance approvals.
What it means for you
For Exim Bank, NABARD, NHB, and SIDBI, this circular provides a single reference point for compliance, reducing ambiguity. It ensures uniform regulatory treatment across these FIs, facilitating smoother market access for funding and supporting their sectoral credit objectives.
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
Review the consolidated master circular to ensure all resource raising activities comply with updated norms.
Submit required returns (e.g., monthly consolidated return on resources raised, bond issuance details) as per annexes.
For bond issuances, coordinate with RBI's Standing Committee by providing full details (amount, purpose, features) for timely approval.
Update internal policies and training materials to reflect the consolidated guidelines.
Who it affects
Exim Bank, NABARD, NHB, SIDBI, All-India term lending and refinancing institutions
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn03 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the 'umbrella limit' mentioned in the circular?
The umbrella limit refers to the aggregate ceiling for resource raising through instruments like term deposits, term money borrowings, certificates of deposit, commercial papers, and inter-corporate deposits, as specified in the master circular.
Does this circular apply to commercial banks?
No, this circular specifically applies to all-India term lending and refinancing institutions: Exim Bank, NABARD, NHB, and SIDBI. Commercial banks have separate regulatory frameworks.
How does the Standing Committee for bond issuance work?
RBI constituted a Standing Committee to expedite bond issuance approvals. Meetings are convened on the same or next day of receiving a request from an FI, which must provide details like amount, manner, and purpose of the issue.
📜 This document’s life story (2 recorded events, each backed by RBI’s own words)
📜 Read the original circular — full text as issued by RBI
RBI/2010-2011/38
DBOD.No. FID.FIC. 1/ 01.02.00/2010-11
01 July, 2010 10
Aashadha 1932 (Saka)
The CEOs of the All-India Term Lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Dear Sir,
Master Circular- Resource Raising Norms for Financial Institutions
Please refer to Master Circular DBOD. No. FID.FIC.1/01.02.00/2009-10 dated July 01, 2009 on the captioned subject. The enclosed Master Circular consolidates and updates all the instructions/guidelines on the subject up to June 30, 2010. The Master Circular has also been placed on the web-site of RBI ( http:// www.rbi.org.in ).
2. It may be noted that the instructions contained in the circulars listed in Annex 5 have been consolidated in this master circular.
Yours faithfully,
(Vinay Baijal)
Chief General Manager
Encls: As above
Master Circular on Resource Raising Norms for Financial Institutions
Purpose
To facilitate the specialised financial institutions (FIs) to meet their short-term and long-term resource requirements so as to enable the FIs to cater to sectoral needs of credit, linked to the operations, purpose and objectives with which the FIs were set up as per their respective statutes. This circular also aims at providing level-playing field, by bringing broad convergence in regulatory norms among financial institutions with regard to issue of bonds by them.
Previous instructions
This master circular consolidates and updates all the instructions/guidelines issued by the Reserve Bank of India relating to resource raising by financial institutions contained in the circulars listed in Annex 5.
Application
To all the all-India term-lending and refinancing institutions viz . Exim Bank, NABARD, NHB and SIDBI.
Contents
1
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-2011/38 · issued 01 Jul 2009. The plain-English explanation above is BankPulse’s own independent summary.
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BankPulse Compliance Evidence Pack — generated 03 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=5765&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.
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