RBI/2010-11/296
DBOD.FID.FIC.No 9/01.02.00/2010-11

December 1, 2010

The CEOs of select All-India Term Lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)

Dear Sir,

Prudential Guidelines-Investment in Venture Capital Funds (VCFs)

Please find enclosed circular DBOD No. BP .BC.27/21.01.002/2006-2007 dated August 23, 2006 on the above subject. In this connection, it is advised that the above guidelines issued to banks, shall mutatis mutandis apply to the select All-India Financial Institutions (AIFIs).

Yours faithfully,
(Vinay Baijal)
Chief General Manager