Policy ID: PCI/POL/05/2026-27 • Version 1.0 Owner: CFO / Treasury • Approver: Board of Directors Sources: INV, CON, ALM • Review: Annual / regulatory change
Purpose and application
Treasury and strategic investments; special category and Ind AS requirements apply where relevant.
1. Approved universe:- Preserve capital and liquidity before yield. Treasury may invest only in Board-approved instruments and counterparties. Equity, unlisted securities, AIF units, derivatives and related-party investments require specific legal/risk clearance and delegated approval.
2. Pre-trade assessment:- Document credit quality, maturity, liquidity, concentration, valuation and funding source. Check statutory investment powers and prohibited indirect exposures, including AIF downstream investment restrictions where relevant. No unauthorized speculative positions shall be taken.
3. Execution and custody:- Segregate dealing, settlement and accounting. Use approved bank/demat/custodian arrangements, independent confirmations and dual payment approval. CFO shall reconcile holdings and cash at least monthly and investigate unmatched items.
4. Accounting and limits:- Classify current and long-term investments at inception; use the applicable RBI valuation and transfer rules, or applicable Ind AS treatment with regulatory reconciliation. Monitor issuer and group exposure before each purchase.
5. Reporting:- Report valuation losses, impairments, maturity ladder and limit breaches to Treasury/ CFO promptly and Board quarterly. New instruments require Board approval of limits and valuation methods before execution. Review the policy annually.
Source codes are linked to the Reference Register. Read with the common implementation controls and relevant annexes. Applicable law and RBI Directions prevail.