RBI extends transition period for loans to MFs by banks
Mumbai, Sep 10 (UNI) The Reserve Bank of India today extended for another three months, the transition period on loans extended by banks to mutual funds and Issue of Irrevocable Payment Commitments (IPCs).
The transition period, which was to end on September 13, 2008 had been extended upto December 13, RBI said in a circular today.
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