RBI vide notification No. RBI/2021-22/79 dated 4th June, 2021 has issued master direction on Certificate of Deposits. The eligible issuers of Certificate of Deposits are:
- Scheduled Commercial Banks
- Regional Rural Banks and
- Small Finance Banks The circular can be referred through the following link:
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12108&Mode=0