February 13, 2014
All Scheduled Commercial Banks (excluding RRBs)
Madam / Sir,
Term Repo under Liquidity Adjustment Facility- Operational Guidelines
Please refer to our circular FMD.MOAG. No. 92 /01.01.009/2013-14 dated October 29, 2013 on the captioned subject. Taking into account the requests received from the market participants, it has been decided to revise the timings of the Term Repo auctions from 2.30-3.00 PM to 11.00 -11.30 AM.
2. All other terms and conditions for the term repo as stipulated in our circular FMD.MOAG.No.89/01.01.009/2013-14 dated October 8, 2013 remain unchanged.
3. Please acknowledge receipt.
(G. Mahalingam)Principal Chief General Manager