Mumbai, March 30 -- The Reserve Bank of India (RBI) on Monday deferred by three months its circular on capital market exposures of banks, citing representations from industry associations.

The central bank has clarified a clutch of points made in its circular from February. RBI said it received representations from banks, capital market intermediaries, and various industry associations seeking an extension of the effective date, and also flagging certain operational and interpretational issues for clarification.

"On a review, based on further discussions with the stakeholders and on a review, it has been decided to extend the effective date of the said Amendment Directions by three months to 1 July 2026," it said.

According to RBI, it ...