RBI/2013-2014/549
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.
Yours sincerely
(G. Mahalingam)
Principal Chief General Manager
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