RBI/2016-2017/269
FMOD.MAOG. No.119/01.18.001/2016-17 April 6, 2017 All Scheduled Commercial Banks (excluding RRBs) Madam / Sir, Marginal Standing Facility As announced in the First Bi-monthly Monetary Policy Statement, 2017-18 Resolution of the Monetary Policy Committee (MPC), consequent upon the narrowing of the LAF corridor, the Marginal Standing Facility (MSF) rate now stands adjusted at 6.50 per cent. All other terms and conditions of the current MSF scheme will remain unchanged. Yours sincerely (Radha Shyam Ratho)
Chief General Manager |