Master Direction – Operational Guidelines for Primary Dealers

By | July 1, 2016

Master Direction IDMD.PDRD.01/03.64.00/2016-17

July 1, 2016

All Primary Dealers

Dear Sir / Madam

Master Direction – Operational Guidelines for Primary Dealers

The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to the Primary Dealers (PDs) with respect to their operations. TheMaster Direction enclosed incorporates the updated guidelines/instructions/circulars on the subject. A list of circulars finding reference in this Master Direction is enclosed in Annex-XIV and XV. The Direction will be updated from time to time as and when fresh instructions are issued. This Master Direction has been placed on RBI website at

2. The banks undertaking PD activities departmentally should follow the extant guidelines applicable to the banks on capital adequacy requirements and risk management.

Yours faithfully

(A. Mangalagiri)
Chief General Manager

Encl: As above

Leave a Reply