IDFC Private Equity (PE), India`s leading private equity fund focused on infrastructure had made a private equity investment of Rs 2 billion in Deepak

The Reserve Bank of India (RBI) has permitted ABN AMRO Bank N.V. to undertake primary dealer business in government securities market with effect from today, Dec. 16, 2008.

At the same time, with this move, the authorization given to ABN AMRO Securities (India) as primary dealer stands withdrawn.

The RBI had announced in its annual policy statement for the year 2005-06 that the permitted structure of primary dealership business would be expanded to include banks, which fulfill certain minimum eligibility criteria.

Accordingly, RBI had issued guidelines on Feb. 27, 2006 addressed to all scheduled commercial banks [excluding regional rural banks (RRBs)], on eligibility criteria for banks to undertake primary dealer business departmentally.