AGGREGATE AMOUNT OF CDs :

The amount of CDs allowed to be issued by:

(i) Banks: varying according to the requirements keeping in limits the CRR and SLR requirements as stipulated by RBI.

(ii) Financial Institutions: may issue CDs within the overall umbrella limit fixed by RBI. As per the prevailing guidelines issued by RBI, an FI can issue CDs together with other instruments viz., term money, term deposits , commercial papers and inter corporate deposits, not exceeding 100 per cent of its net owned funds, as per the latest audited balance sheet.