Maturity of commercial paper and certificates of deposits cut short in 1994 and 1995

Ad hoc treasury bills abolished in April 1997.

Liquidity adjustment facility, a window for banks to borrow/lend, fully operational by June 2000.

CBLO for companies to borrow 1 day to 1-year funds, introduced in 2003

Prudential limits on bank and primary dealer exposure to call market, imposed in April 2005.

Transformation of call money market into a pure inter-bank market by August 2005

State government securities made eligible for collateral under LAF operations in April 2007

Screen-based negotiated system (NDS-CALL) for all dealings in the call and the term money markets goes live in September 2006. The reporting of all such transactions made compulsory through NDS-CALL in November 2012.

Repo in corporate bonds allowed in March 2010.

Reporting platform for secondary market transactions in commercial paper and certificates of deposit made operational in July 2010.

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