Standing Deposit Facility permits acceptance of interest-bearing deposits from banks and others for liquidity management. The amendment authorizes the Reserve Bank to accept money as deposits repayable with interest under a Standing Deposit Facility scheme, from banks or any ... Summary
Standing Deposit Facility permits acceptance of interest-bearing deposits from banks and others for liquidity management.
The amendment authorizes the Reserve Bank to accept money as deposits repayable with interest under a Standing Deposit Facility scheme, from banks or any other person, as approved by the Central Board, for the purposes of liquidity management.
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