Special Term Repo Facility - आरबीआय - Reserve Bank of India
Special Term Repo Facility
RBI/2009-10/192 October 27, 2009 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, SPECIAL TERM REPO FACILITY Please refer to our circular FMD.MOAG.NO.35/01.01.01/2008-09 dated April 21, 2009 on the captioned subject. 2. As announced in the Second Quarter Review of Monetary Policy 2009-10, it has been decided to discontinue the special term repo facility for scheduled commercial banks for funding to mutual funds, non-banking financial companies and housing finance companies with immediate effect. 3. The outstanding liabilities of scheduled commercial banks under this facility shall not be rolled-over on maturity.
(P. Krishnamurthy) |