Mortgage Guarantee Companies Prudential Norms (Reserve Bank) Directions, 2008- Updated

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).

Yours faithfully,

(Uma Subramaniam)
Chief General Manager -in-Charge

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