RBI/2007-2008/92
DNBS.PD/
CC 104 / 03.10.042 /2007-08 July
11, 2007 The
Chairman/CEO 1.
All Deposit taking NBFCs with deposit size of Rs 20 crore and above
2.
All non-deposit taking NBFCs with asset size of Rs 100 crore and above (NBFC-ND-SI). Dear
Sir, Guidelines
on Corporate Governance Please
refer to our circular DNBS.PD/
C.C. 94 / 03.10.042 /2006-07 dated May 8, 2007 on the captioned subject. The
Bank has received suggestions with reference to paragraph 2(vi) of the circular
containing instructions on connected lending. 2.
The suggestions are being studied and the instructions contained in paragraph
2 (vi) of the circular will become operational after final evaluation of the suggestions
and modifications, if any considered necessary. All other instructions issued
vide, Company Circular dated May 8, 2007 may be complied meticulously. Yours
faithfully, (P.
Krishnamurthy)
Chief
General Manager In-Charge |