image

RBI corrects circular on Marginal Standing Facility

Marginal Standing Facility (Corrected)

RBI/2017-2018/31
FMOD.MAOG. No. 122/01.18.001/2017-18

August 2, 2017

All Scheduled Commercial Banks (excluding RRBs)

Madam / Sir,

Marginal Standing Facility

As announced in the Third Bi-monthly Monetary Policy Statement, 2017-18, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect.

Consequent to the change in the Repo rate, the Marginal Standing Facility (MSF) rate stands adjusted to 6.25 per cent with immediate effect.

All other terms and conditions of the extant MSF scheme will remain unchanged.

Yours sincerely

(Radha Shyam Ratho)
Chief General Manager

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates