The Hindu Business Line : Second LAF on reporting Fridays

The Reserve Bank of India has decided to introduce a second LAF (SLAF) on reporting Fridays from August 1. These operations will be conducted between 4.00 p.m. and 4.30 p.m. The measure comes in response to suggestions from market participants for fine-tuning the management of bank reserves on the last day of the maintenance period. In case the reporting Friday is a bank holiday in Mumbai, then the SLAF would be conducted on the immediate preceding working day, says the RBI press release. Though the salient features of SLAF are same as those of LAF, the settlement for the LAF and SLAF will be conducted separately on a gross basis. The LAF operations are conducted between 9.30 a.m. and 10.30 a.m. - Our Bureau

More Stories on : RBI & Other Central Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Tata Steel net rises 22% at Rs 1,488 cr

Rupee declines

Central Bank net dips 40%

YES Bank net rises 51%

Marginal rise in Federal Bank net

Thomas Cook Q2 standalone net up

Oriental Bank insurance venture

Exporters not taking forward rupee cover

Second LAF on reporting Fridays

Home loans become costlier

Bonds unchanged

Gross retail NPAs to touch 4% by fiscal end

Call rates close lower