Special Term Repo Facility - ఆర్బిఐ - Reserve Bank of India
Special Term Repo Facility
RBI/2008-09/444 FMD.MOAG. No. 35/01.01.01/2008-09 |
April 21, 2009 |
All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers |
Dear Sir, |
SPECIAL TERM REPO FACILITY |
Please refer to our circular FMD.MOAG. No. 30/01.01.01/2008-09 dated November 17, 2008 and Press Release dated November 28, 2008 allowing banks to avail liquidity support under the LAF at the extant repo rate through relaxation in the maintenance of SLR to the extent of up to 1.5 per cent of their NDTL and apportioning such accommodation between MFs, NBFCs, and HFCs flexibly as per their business requirements. Banks can avail of this facility either on incremental or on rollover basis. |
Yours faithfully,
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(Chandan Sinha)
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Chief General Manager
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