RBI extends its access to MSF, LAF
Updated:7 years, 3 months ago
Mumbai, Aug 01 (ANI): Reserve Bank of India (RBI) Deputy Governor N. S. Vishwanathan on Wednesday informed that banking institution has decided to extend its access to the Marginal Standing Facility (MSF) to Scheduled Primary (Urban) Co-operative Banks. He added that the RBI also extended its access to the Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) to Scheduled State Co-operative Banks, complying with the eligibility criteria prescribed for LAF/MSF. This decision by the RBI will provide banks the additional tools to manage their liquidity and also broaden and deepen the financial markets, which will in turn facilitate better transmission monetary policy to the money market trades.
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