Primary Dealer (PD) definition
Primary Dealer (PD) means a financial institution which holds a valid letter of authorisation as a PD issued by the Reserve Bank.
Primary Dealer (PD) means a Non-Banking Financial Company (NBFC) that holds a valid letter of authorisation as a PD issued by the Reserve Bank, in terms of the "Guidelines for Primary Dealer in Government Securities Market" dated March 29, 1995, as amended from time to time.