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Archive: 08 April 2011

Posts in 08 April 2011

Shortfall in Maintenance of SLR – Additional Liquidity Support under LAF – Notification No. DBOD.No.Ret.BC. 84 /12.02.001/2010-11

April 8, 2011 1202 Views 0 comment Print

Ref. DBOD.No.Ret.BC. 84 /12.02.001/2010-11 – As set out in the Press Release issued by the Reserve Bank of India on April 08, 2011, the additional liquidity support to SCBs under LAF to the extent of up to one per cent of their NDTL, which was set to expire on April 08, 2011, has now been extended up to May 06, 2011. For any shortfall in maintenance of the SLR arising out of availment of this facility, banks may seek waiver of penal interest purely as an ad hoc, temporary measure. The liquidity support availed under this facility would, however, need to be reported on a daily basis.

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