RBI/2011-12/33; DNBS (PD-MGC) C.C. No. 9/23.11.01/2011-12; July 1, 2011
The Chairman/CEOs of all Mortgage Guarantee Companies
Notification as amended upto June 30, 2011 Mortgage Guarantee Companies Prudential Norms (Reserve Bank) Directions, 2008
As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars / notifications. The instructions contained in the notification No.DNBS (MGC) 4/ CGM(PK) – 2008 dated February 15, 2008 updated as on June 30, 2011 are reproduced below. The updated Notification has also been placed on the RBI web-site (http://www.rbi.org.in).
Chief General Manager -in-Charge