MUMBAI, India, June 12 -- Reserve Bank of India issued the following notification:
RBI/2025-26/54
IDMD.RD.S390/10.18.060/2025-26
June 12, 2025
All Market Participants
Madam/Sir,
Stripping/Reconstitution in State Government Securities
Please refer to paragraph No.1 of the Statement on Developmental and Regulatory Policies announced on August 07, 2019 on the proposal to introduce stripping/reconstitution facility for State Development Loans1 (SDLs), in consultation with the respective State Governments.
2. Based on consultation with the individual State Governments/Union Territories and the feedback received from market participants, it has been decided to introduce Separate Trading of Registered Interest and Principal of Securities (...