https://www.taxtmi.com/news?id=11416 The Reserve Bank of India capped each bank's access to the Liquidity Adjustment Facility at 0.5 per cent of its own NDTL as on the last Friday of the second preceding fortnight, effective immediately and until further notice, with detailed guidelines to follow. In addition, banks must now maintain a minimum daily Cash Reserve Ratio balance of 99 per cent of the requirement, replacing the prior provision allowing average fortnightly maintenance with a 70 per cent daily floor, effective from the first day of the next reporting fortnight. en-us Tue, 23 Jul 2013 18:43:50 +0530 Tue, 23 Jul 2013 18:43:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11416 The Reserve Bank of India capped each bank's access to the Liquidity Adjustment Facility at 0.5 per cent of its own NDTL as on the last Friday of the second preceding fortnight, effective immediately and until further notice, with detailed guidelines to follow. In addition, banks must now maintain a minimum daily Cash Reserve Ratio balance of 99 per cent of the requirement, replacing the prior provision allowing average fortnightly maintenance with a 70 per cent daily floor, effective from the first day of the next reporting fortnight. News - Tue, 23 Jul 2013 18:43:50 +0530 https://www.taxtmi.com/news?id=11416