FMD.MOAG. No. 100/01.01.001/2013-14
April 1, 2014
All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers
Madam / Sir,
Liquidity Adjustment Facility
As announced today in the First Bi-monthly Monetary Policy Statement 2014-15, it has been decided to decrease the quantum of liquidity provided under overnight repos under the Liquidity Adjustment Facility (LAF) from 0.5 per cent of bank-wise NDTL to 0.25 per cent with immediate effect.
2. All other terms and conditions of the current LAF scheme will remain unchanged.
3. Please acknowledge receipt.