Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Standing Liquidity Facilities for Banks and Primary Dealers


 Notice Date : 25 October 2011

 RBI/2011-12/232

MPD.BC. 350/07.01.279/2011-12

October 25, 2011

To

All Scheduled Banks [excluding Regional Rural Banks(RRBs) ]

and Primary Dealers

Dear Sir/Madam,

Standing Liquidity Facilities for

Banks and Primary Dealers

Please refer to the Second Quarter Review of Monetary Policy 2011-12 on October 25, 2011, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 25 basis points from 8.25 per cent to 8.50 per cent with immediate effect.

2.    Accordingly, the Standing Liquidity Facilities provided to banks (export credit refinance) and Primary Dealers (PDs) (collateralised liquidity support) from the Reserve Bank would be available at the revised repo rate, i.e., at 8.50 per cent with effect from October 25, 2011.

Yours faithfully,

(Janak Raj)

Adviser-in-Charge

 

Guest
on 28 October 2011
Notification No : MPD.BC. 350/07.01.279/2011-12
Published in Others
Source : ,










Trending Tags