RBI to review primary dealership arena

INDIA - Our Banking Bureau Mumbai After taking an in-principle decision to discontinue the satellite dealers, the Reserve Bank of India (RBI) is set to review primary dealers (PDs) in terms of their number, obligations, activities and regulation, said Y V Reddy, deputy governor of the RBI. Reddy was speaking on the occasion of Asian Bond Conference at Bangkok today.

He said that the apex bank has already taken a decision to bring the PDs under the supervision of Board for Financial Supervision