Master Circulars


(136 kb)
Master Circular on Export Credit Refinance Facility

RBI/2014-15/101
Ref.MPD.No.373/07.01.279/2014-15

July 1, 2014
Aashadha 10, 1936 (Saka)

The Chairmen/Chief Executives of
all Scheduled Banks (excluding RRBs)

Dear Sir/Madam

Master Circular on Export Credit Refinance Facility

Please refer to Master Circular No.MPD No.366/07.01.279/2013-14 dated July 1, 2013 on export credit refinance facility. This revised Master Circular on Export Credit Refinance Facility consolidates and updates all instructions/guidelines issued on the subject up to June 30, 2014. Instructions/Guidelines issued on the subject are placed separately in the Appendix. The Master circular has been placed on the Reserve Bank’s website (http://www.rbi.org.in).

Yours faithfully,

(Michael Debabrata Patra)
Principal Adviser

Encls.: As above


Master Circular on Export Credit Refinance Facility

Table of Contents

Para/Item No.

Particulars

Export Credit Refinance Facility

1.

Introduction

2.

Eligible Institutions

3.

Limit

4.

Interest Rate

5.

Margin Requirement

6.

Duration

7.

Collateral

8.

Minimum Amount of Availment

9.

Place of Availment

10.

Penalties

11.

Documentation

12.

Reporting Requirement

13.

Condition

14.

Annex

15.

Appendix

Annex I

Definitions

Annex II

Form of Agreement

Annex III

Reporting Formats

Appendix

List of Circulars

Export Credit Refinance (ECR) Facility

1. Introduction

1.1 The Reserve Bank of India (RBI) provides export credit refinance facility to banks under Section 17(3A) of the Reserve Bank of India Act 1934. This facility is given on the basis of banks’ eligible outstanding rupee export credit both at the pre-shipment and post-shipment stages. The quantum of refinance is fixed from time to time based on the stance of monetary policy of the RBI.

2. Eligible Institutions

2.1 All scheduled banks (excluding RRBs), which are authorised dealers in foreign exchange and have extended export credit are eligible to avail of the export credit refinance facility.

3. Limit

3.1 At present, the scheduled banks are provided export credit refinance to the extent of 32.0 per cent of the outstanding export credit eligible for refinance as at the end of the second preceding fortnight. This limit was reduced from 50.0 per cent to 32.0 per cent, vide circular No.MPD.BC.372/07.01.279/2013-14 dated June 3, 2014. The definition of outstanding export credit eligible for refinance is given in Annex I.

4. Interest Rate

4.1 Export credit refinance facility is available at the Repo Rate under the Liquidity Adjustment Facility (LAF), as announced from time to time.

4.2 Interest shall be payable with monthly rests and the amounts of such interest calculated on daily balances would be debited to the current account of the banks at the end of respective month or earlier when the balance outstanding is wiped out.

5. Margin Requirement

5.1 No margin is required to be maintained.

6. Duration

6.1 The ECR is repayable on demand or on the expiry of fixed periods not exceeding one hundred and eighty days, subject to a minimum tenor of one day.

7. Collateral

7.1 The RBI extends the export credit refinance against the Demand Promissory Note (DPN) of banks supported by a declaration that they have extended export credit and the outstanding amount eligible for refinance is not less than the loan/advance from the RBI.

8. Minimum Amount of Availment

8.1 The minimum amount of availment under this facility is Rupees one lakh and multiples thereof.

9. Place of Availment

9.1 This facility can be availed of at centres wherever the Reserve Bank has a Banking Department.

10. Penalties

10.1 In the event of a scheduled bank having irregular availment of export credit refinance, a penal rate of interest as decided by the Reserve Bank from time to time will be charged on the outstanding loan or loans. Currently, the penal rate is 3 per cent above the repo rate.

10.2 An illustrative (but not exhaustive) list of instances on which penal rate would be applicable for irregular availment of export credit refinance is set out below:

a) Utilisation of ECR exceeding the total limit.

b) Wrong calculation/reporting of refinance limit by banks.

c) Non-repayment of refinance within 180 days.

d) Delay in reporting excess utilisation by banks.

11. Documentation

11.1 The banks have to execute the following documents for availing of export credit refinance facility (Annex II):

  1. A stamped agreement in Form No. DAD 297.

  2. A Demand Promissory Note (DPN) in Form No. DAD 295 A.

  3. Board Resolution in Form No. DAD 298 authorising the borrowing under the scheme and also the officials who will execute loan documents on behalf of the bank.

  4. For enhancement of limit, a letter in Form No. DAD 299 which shall be stamped as an agreement extending the agreement to the enhanced limit together with consolidated Demand Promissory Note for the fresh limit.

    The borrowing bank should submit to Reserve Bank of India a fortnightly declaration in form No.DAD.389 (Annex III) to enable the Reserve Bank of India to watch the position of the outstanding borrowings under the scheme in relation to its outstanding export credit advances.

  5. In terms of Para 7.30 of the Banking Department Manual, Agreements and letters of extension of limit need not be renewed so long as there is no change in the terms thereof. Promissory notes given by the borrowing banks should, however, be renewed within three years of their dates of execution notwithstanding their outstandings in loan account.

12. Reporting Requirement

12.1 The availing banks are required to report their outstanding export credit eligible for refinance within five days from the relevant date in the format provided in Annex III.

13. Condition

13.1 It is essential that the outstanding borrowings at all times are fully covered by the borrowing banks’ holding of export bills/amount of eligible pre-shipment advances as reported in their latest declaration. If at any time it is found that the total amount of bills held by banks/amount of eligible pre-shipment advances covered by the declaration fall below the amount borrowed, the banks should forthwith adjust or repay excess refinance from the RBI.

14. Annex

14.1 Definitions, Forms of Agreement and Reporting Formats pertaining to Export Credit Refinance Facility are listed in Annex I, Annex II and Annex III, respectively.

15. Appendix

15.1 All the Circulars issued by the Reserve Bank of India related to Export Credit Refinance Facility are listed in the Appendix.


Annex I

Definitions

In these guidelines, unless the context otherwise requires:

  1. "Fortnight" shall mean the period from Saturday to the second following Friday, both days inclusive;

  2. “Scheduled bank” means a bank included in the Second Schedule of the Reserve Bank of India Act, 1934.

  3. "Export Bills" means all export bills having a usance not exceeding 180 days purchased/negotiated/discounted by the borrowing bank under letters of credit or otherwise which are drawn in India or any country outside India which is a member of the International Monetary Fund or any other country notified in this behalf by the Bank in the Gazette of India would be eligible for inclusion in the declaration to be furnished by it.

  4. "Pre-shipment Credit" means the credit granted by banks to bonafide exporters on the strength of letters of credit established by banks of good standing abroad in favour of the local exporter or on the strength of firm export order and the borrowing bank should ensure that the relevant documents are lodged with it.

  5. "Export credit eligible for refinance" means the aggregate outstanding export credit as on the last Friday of the second preceding reporting fortnight minus Pre-shipment Credit in Foreign Currency (PCFC), Export bills discounted/rediscounted under the scheme of 'Rediscounting of Export Bills Abroad' (EBR), overdue rupee export credit and other export credit not eligible for refinance, export bills rediscounted with other banks/Exim Bank/Financial Institutions and export credit against which refinance has been obtained from NABARD/EXIM Bank.


Annex II

Form of Agreement

DAD 297
Para 7.50

Form of agreement to be obtained from the Principal
Office of the scheduled bank for borrowings in respect
of bank finance for exports of goods (to be stamped as an
agreement in accordance with the law in force in each state)

The Reserve Bank of India

Dear Sirs,

In consideration of your agreeing to make from time to time, under section 17(3A) of the Reserve Bank of India Act, and on the terms and conditions contained in the Memorandum attached to the circular DBOD.No.BM.78/C.297(M)-69 dated the 20th January 1969 advance in your discretion but not in any event exceeding the sum (exclusive of interest) of Rs………….. for which amount we have delivered to you a demand promissory note in your favour carrying interest at the rate hereinafter mentioned, which advances shall be repayable on demand and shall be made upon declaration in such forms as may be prescribed by you. We agree as follows:

(1) The balance of the said advances at any time outstanding shall be repayable by us to you on demand.

(2) Each drawal of advances under this agreement shall have a maturity period not exceeding 180 days and shall be repayable by us within the said period.

(3) Interest shall be payable by us to you at such rate as may be notified by you from time to time, with monthly rests and the amounts of such interest calculated on the daily balances may be debited to the account of the said advances at the end of each respective month or earlier when the balance outstanding is wiped out. It shall be open to you to reimburse yourself with the amount of interest so debited by charging the same to our current account with you.

(4) We agree that in default of payment by us under the terms of clauses (1) and (2) hereof, you may, but without any obligation on you so to do, debit our current account with you for the amount due by us on account of the loan of advance granted in terms of Section 17(3A) of the said Act.

(5) We agree and undertake that the loan or advance granted by us to exporters or other persons eligible for refinance in order to enable them to export goods from India and drawn and outstanding at any time shall not be less than the outstanding amount of the loan or advance obtained by us from you. We further agree to maintain in your favour such margin as you may from time to time prescribe so that the shortfall in the margin stipulated therein, we shall forthwith on demand by you reduce the balance due to you by a cash payment so as to make good the amount of margin required to be maintained.

(6) We further agree that we will from time to time, while these advances continue and whenever required by you to do so furnish you with such information regarding the outstanding in the advances made by us in respect of export of goods eligible for refinance and true reports in such as you may prescribe regarding the solvency of the borrowers and agree to advise you promptly of any change in the position of any such borrower which can be reasonably be considered to affect our security.

(7) We hereby agree to execute on demand such documents as may be required by you to create in your favour an overall charge on our book debts represented by the advances made by us in respect of export of goods eligible for refinance or to vest in you such security as are specified by you so as to render the same readily saleable or transferable by you at any time.

(8) We agree and undertake to pay interest at such higher rate as you may decide, in the following cases; where

  1. Export Credit Refinance utilisation is in excess of the limit allowed,

  2. Refinance limits are calculated or reported wrongly,

  3. Drawals remain outstanding beyond 180 days on account of insufficient fund in our account

  4. There is long delay in reporting about the excess or irregular utilisation by us for the period of delay.

(9) We also agree that this agreement and said demand promissory note for Rs………… shall operate as a continuing security for the said advance notwithstanding the existence of a credit balance at any time or any partial payment or fluctuations of accounts or withdrawal of any part of the security.

Yours faithfully

For and on behalf of … … … … … …
(Name of the scheduled bank)
(Signature of authorised official)
(Designation)

Place:
Date:


DAD 295A

(On the letter head)

DEMAND PROMISSORY NOTE
(Export Credit Refinance Facility)

On demand, we, (Bank's Name), promise to pay to the Reserve Bank of India or order the sum of Rs…………….(Rupees …………………………………………………………) with interest at repo rates as announced by Reserve Bank of India for export credit refinance facility at the time of full repayment or at monthly rests whichever is earlier for value received.

For and on behalf of……

(2 Signatories & revenue stamp)
Names & Designation of both signatories

Place:
Date:


DAD-298
Para 7.71

Specimen of Board Resolution

A copy of the Board Resolution No. … … … …………………….. Passed at the meeting of the board held on ……………………………..

"Resolved -

  1. that the bank to borrow from the Reserve Bank of India in terms of Pre-shipment Credit Scheme and/or Export Bills Credit Scheme under Section 17(3A) of the Reserve Bank of India Act 1934 upto the limit that may be approved and upon such terms and conditions as may be imposed by the Reserve Bank of India from time to time;

  2. that the following officers of the bank be and are hereby severally empowered to execute and furnish the necessary agreements, loan documents, declarations, statements and certificates on behalf of the bank for the purpose of availing of the above mentioned facilities from the Reserve Bank of India and such other instruments and documents as may be required by the Reserve Bank of India in this behalf.


FORM 'D'
DAD-299

Date:           

The Reserve Bank of India
Deposit Accounts Department
Mumbai-400 001

Dear Sir

With reference to the Agreement dated …………………….. we agree that in consideration of your agreeing to increase the limit of Rs………………….(………………………………………………………………………………………………) specified therein to a fresh limit of Rs…………. (Rupees ………………………………………………………………………) for which amount we have delivered to you a consolidated demand promissory note, carrying interest at ……. p.a. with monthly rests, all the terms of the said agreement shall apply to and in relation to the fresh limit of and the consolidated demand promissory note for Rs…………….. (Rupees ……………………………………………………………….) and the advances thereunder, as they apply to and in relation to the limit of and demand promissory note for Rs…………..(Rupees ……………………………………) and the advances thereunder.

Yours faithfully,

For and on behalf of
(Name of the scheduled bank)


Appendix

List of Circulars

Sr.
No.

Circular Number

Subject

1.

DBOD.No.BM.2732/C.297/K-63 dated March 13, 1963

Export Bills Credit Scheme

2.

DBOD.No.BM.78/C.297(M)-69 dated January 20, 1969

Refinancing of Pre-shipment Credit

3.

DBOD.No.B.M.931/C.297P-69 dated June 9, 1969

Refinancing under section 17(3A) of the Reserve Bank of India Act, 1934 - Pre-shipment Credit Scheme

4.

CPC.No.BC.45/279A-81 dated March 18, 1981

Export Refinance.

5.

CPC.No.BC.46/279A-81 dated May 27, 1981

Interest Rate on Export Credit Refinance

6.

CPC.No.BC.60/279A-82 dated October 25, 1982

Changes in Interest Rate on Export Credit Refinance

7.

CPC.No.BC.64/279A-83 dated October, 1983

Export Credit Refinance

8.

CPC.No.BC.77/279A-85 dated October 25, 1985

Export Credit Refinance

9.

CPC.No.BC.79/279A-86 dated August 1, 1986

Export Credit Refinance- Change in Interest Rate

10.

CPC.No.BC.91/279A-88 dated April 2, 1988

Export Credit Refinance

11.

CPC.No.BC.98/279A-89 dated March 27, 1989

Export Credit Refinance

12.

CPC.No.BC.103/279A-90 dated April 12, 1990

Export Credit Refinance

13.

CPC.No.BC.111/279A-91 dated April 12, 1991

Export Credit Refinance

14.

CPC.No.BC.115/279A-91 dated September 3, 1991

Export Credit Refinance

15.

CPC.No.BC.116/279A-91 dated October 8, 1991

Export Credit Refinance

16.

CPC.No.BC.122/279A-92 dated April 21, 1992

Rates of Interest on Export Credit Refinance ((Rupee) and Refinance for Post-Shipment Credit denominated in US Dollars

17.

CPC.No.BC.123/279A-92 dated April 23, 1992

Export Credit Refinance ((Rupee) and Refinance Against Post-Shipment Export Credit Denominated in US Dollars

18.

CPC.No.BC.129/07.01.279/92-93 dated April 7, 1993

Export Credit (Rupee) Refinance and Refinance Against Post-Shipment Export Credit Denominated in US Dollars

19.

CPC.No.BC.132/07.01.279/93-94 dated October 11, 1993

Export Credit (Rupee) Refinance and Refinance against Post-Shipment Export Credit Denominated in US Dollars

20.

CPC.No.BC.136/07.01.279/93-94 dated May 14, 1994

Export Credit (Rupee) Refinance and Refinance against Post-Shipment Export Credit Denominated in US Dollars

21.

CPC.No.BC.144/07.01.279/94-95 dated April 17, 1995

Interest Rates on Term Deposits

22.

CPC.No.3559/03.02.15/94-95 dated April 20, 1995

Export Credit Refinance

23.

UBD.DS.SUB.CIR.3/13.04.00/95-96 dated February 7, 1996

Interest Rates on Advances

24.

CPC.No.2101/03.02.01/95-96 dated January 15, 1996

Refinance against Post-shipment Export Credit denominated in US Dollars (PSCFC)

25.

CPC. /03.02.01/95-96 dated February 7, 1996

Export Credit Refinance

26.

CPC.No.3466/03.02.01/95-96 dated April 4, 1996

Export Credit Refinance

27.

IECD.No.10/04.02.01/96-97 dated October 19, 1996

Interest rates on advances - Post-shipment Rupee Credit

28.

CPC.No.1067/03.02.01/96-97 dated October 23, 1996

Export Credit Refinance

29.

CPC.No.2652/03.02.01/96-97 dated April 21, 1997

Export Credit Refinance

30.

MPD.No.2035/03.02.01/97-98 dated January 16, 1998

Reserve Bank Refinance

31.

CPC.No.2662/03.02.01/97-98 dated March 18, 1998

Interest Rates on Refinance Facilities from the reserve Bank of India

32.

MPD.No.2932/03.02.01/97-98 dated April 2, 1998

Interest Rates on Refinance Facilities from the reserve Bank of India

33.

MPD.No.3121/03.02.01/97-98 dated April 29, 1998

Refinance Facilities from the Reserve Bank of India

34.

MPD.BC.No.177/07.01.279/97-98 dated June 11, 1998

Interest Rate on Export Credit

35.

MPD.49/03.02.01/98-99 dated July 8, 1998

Export Credit Refinance

36.

MPD.BC.No.179/07.01.279/98-99 dated August 6, 1998

Interest Rate on Export Credit and Export Credit Refinance

37.

MPD.No.1018/03.02.01/98-99 dated October 15, 1998

Fortnightly Statement showing Export Credit Refinance Limits

38.

MPD.BC.No.182/07.01.279/98-99 dated March 1, 1999

Bank Rate and Export Credit Refinance Rate

39.

MPD.BC.No.184/07.01.279/98-99 dated March 1, 1999

Interest Rate on Export Credit and Export Credit Refinance

40.

MPD.3278/03.02.01/99-2000 dated April 1, 2000

Interest Rates on Export Credit Refinance and Collateralised Lending Facilities

41.

MPD.3538/03.02.01/99-2000 dated April 27, 2000

Liberalised Export Credit Refinance Facility

42.

MPD.BC.No.198/07.01.279/2000-01 dated July 21, 2000

Bank Rate

43.

MPD.BC.No.200/07.01.279/2000-01 dated July 21, 2000

Export Credit Refinance and Collateralised Lending Facility

44.

MPD.2992/03.02.01/2000-01 dated April 21, 2000

Standing Liquidity Facilities Scheme

45.

MPD.3115/03.02.01/2000-01 dated April 30, 2001

Standing Liquidity Facilities Scheme

46.

MPD.BC.No.213/02.01.279/2001-02 dated March 18, 2002

Export Credit Refinance Scheme

47.

MPD.BC.No.223/07.01.279/2002-03 dated October 29, 2002

Export Credit Refinance Facility

48.

MPD.BC.No.232/07.01.279/2002-03 dated April 29, 2003

Export Credit Refinance Facility

49.

MPD.BC.No.243/07.01.279/2003-04 dated November 5, 2003

Rationalisation of Standing Facilities

50.

MPD.BC.No.246/07.01.279/2003-04 dated March 25, 2004

Standing Liquidity Facilities for Banks for Export Credit and Primary dealers (PDs): Rationalisation

51.

MPD.BC.No.247/07.01.279/2003-04 dated April 07, 2004

Standing Liquidity Facilities for Banks for Export Credit: Rationalisation

52.

MPD.BC.No.252/07.01.279/2004-05 dated July 03, 2004

Master Circular on Export Credit Refinance Facility

53.

MPD.BC.No.270/07.01.279/2005-06 dated July 01, 2005

Master Circular on Export Credit Refinance Facility

54.

MPD.BC.No.275/07.01.279/2005-06 dated October 25, 2005

Standing Liquidity Facilities for Banks and Primary Dealers (PDs)

55.

MPD.BC.No.278/07.01.279/2005-06 dated January 24, 2006

Standing Liquidity Facilities for Banks and Primary Dealers (PDs)

56.

MPD.BC.No.281/07.01.279/2005-06 dated June 9, 2006

Standing Liquidity Facilities for Banks and Primary Dealers (PDs)

57.

MPD.No.282/07.01.279/2006-07 dated July 12, 2006

Master Circular on Export Credit Refinance Facility

58.

MPD.BC.No.284/07.01.279/2006-07 dated July 25, 2006

Standing Liquidity Facilities for Banks and Primary Dealers

59.

MPD.BC.No.287/07.01.279/2006-07 dated October 31, 2006

Standing Liquidity Facilities for Banks and Primary Dealers

60.

MPD.BC.No.289/07.01.279/2006-07 dated January 31, 2007

Standing Liquidity Facilities for Banks and Primary Dealers

61.

MPD.BC.No.290/07.01.279/2006-07 dated March 30, 2007

Standing Liquidity Facilities for Banks and Primary Dealers

62.

MPD.BC.No.300/07.01.279/2007-08 dated June 11, 2008

Standing Liquidity Facilities for Banks and Primary Dealers

63.

MPD.BC.No.301/07.01.279/2007-08 dated June 24, 2008

Standing Liquidity Facilities for Banks and Primary Dealers

64.

MPD.BC.No.304/07.01.279/2008-09 dated July 29, 2008

Standing Liquidity Facilities for Banks and Primary Dealers

65.

MPD.BC.No.305/07.01.279/2008-09 dated October 20, 2008

Standing Liquidity Facilities for Banks and Primary Dealers

66.

MPD.BC.No.308/07.01.279/2008-09 dated November 3, 2008

Standing Liquidity Facilities for Banks and Primary Dealers

67.

MPD.BC.No.313/07.01.279/2008-09 dated December 6, 2008

Standing Liquidity Facilities for Banks and Primary Dealers

68.

MPD.BC.No.315/07.01.279/2008-09 dated January 2, 2009

Standing Liquidity Facilities for Banks and Primary Dealers

69.

MPD.BC.No.319/07.01.279/2008-09 dated March 4, 2009

Standing Liquidity Facilities for Banks and Primary Dealers

70.

MPD.BC.No.321/07.01.279/2008-09 dated April 21, 2009

Standing Liquidity Facilities for Banks and Primary Dealers

71.

MPD.BC.No.328/07.01.279/2009-10 dated March 19, 2010

Standing Liquidity Facilities for Banks and Primary Dealers

72.

MPD.BC.No.331/07.01.279/2009-10 dated April 20, 2010

Standing Liquidity Facilities for Banks and Primary Dealers

73.

MPD.BC.No.333/07.01.279/2010-11 dated July 2, 2010

Standing Liquidity Facilities for Banks and Primary Dealers

74.

MPD.BC.No.335/07.01.279/2010-11 dated July 27, 2010

Standing Liquidity Facilities for Banks and Primary Dealers

75.

MPD.BC.No.336/07.01.279/2010-11 dated September 16, 2010

Standing Liquidity Facilities for Banks and Primary Dealers

76.

MPD.BC.No.338/07.01.279/2010-11 dated November 2, 2010

Standing Liquidity Facilities for Banks and Primary Dealers

77.

MPD.BC.No.340/07.01.279/2010-11 dated January 25, 2011

Standing Liquidity Facilities for Banks and Primary Dealers

78.

MPD.BC.No.341/07.01.279/2010-11 dated March 17, 2011

Standing Liquidity Facilities for Banks and Primary Dealers

79.

MPD.BC.No.343/07.01.279/2010-11 dated May 3, 2011

Standing Liquidity Facilities for Banks and Primary Dealers

80.

MPD.BC.No.344/07.01.279/2010-11 dated June 16, 2011

Standing Liquidity Facilities for Banks and Primary Dealers

81.

MPD.BC.No.345/07.01.279/2011-12 dated July 1, 2011

Master Circular on Export Credit Refinance Facility

82.

MPD.BC.No.347/07.01.279/2011-12 dated July 26,2011

Standing Liquidity Facilities for Banks and Primary Dealers

83.

MPD.BC.No.348/07.01.279/2011-12 dated September 16, 2011

Standing Liquidity Facilities for Banks and Primary Dealers

84.

MPD.BC.No.350/07.01.279/2011-12 dated October 25, 2011

Standing Liquidity Facilities for Banks and Primary Dealers

85.

MPD.BC.No.354/07.01.279/2011-12 dated April 17, 2012

Standing Liquidity Facilities for Banks and Primary Dealers

86.

MPD.BC.No.355/07.01.279/2011-12 dated June 18, 2012

Export Credit Refinance Facility (ECR): Relaxation

87.

MPD.BC.No.356/07.01.279/2012-13 dated July 2, 2012

Master Circular on Export Credit Refinance Facility

88.

Special Export Credit Refinance Facility

89.

FMD.MOAG.No.1082/01.06.016/2012-13 dated January 14, 2013

Swap Facility for Expansion of Export Credit in Foreign Currency

90.

MPD.BC.No.361/07.01.279/2012-13 dated January 29, 2013

Standing Liquidity Facilities for Banks and Primary Dealers

91.

Standing Liquidity Facilities for Banks and Primary Dealers

92.

Standing Liquidity Facilities for Banks and Primary Dealers

93.

MPD No.BC.368/07.01.279/2013-14 dated September 20, 2013

Standing Liquidity Facilities for Banks and Primary Dealers

94.

MPD.BC. 370/07.01.279/2013-14 dated October 29, 2013

Standing Liquidity Facilities for Banks and Primary Dealers

95.

MPD.BC. 371/07.01.279/2013-14 dated January 28, 2014

Standing Liquidity Facilities for Banks and Primary Dealers

96.

MPD.BC.372/07.01.279/2013-14 dated June 3, 2014

Export Credit Refinance Facilities


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