The Reserve Bank of India (RBI) on June 08, 2023, issued the updated Master Direction - Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021
This has a reference to Paragraph 6 of the Statement on Developmental and Regulatory Policies, Reserve Bank of India, issued as part of the second Bi-monthly Monetary Policy Statement for 2019-20 dated June 06, 2019, regarding Comprehensive Review of Money Market Directions.
The following has been stated namely: -
• In the Table which states Prudential limits for outstanding borrowing transactions in Call, Notice, and Term Money Markets the following has been updated namely: -
o In Serial no. 1 which states “Scheduled Commercial Banks” the column which contains the prudential limit the following shall be added namely: -
“Call, Notice, and Term Money: Internal board approved limits within the prudential limits for inter-bank liabilities prescribed by the Department of Regulation”
[Notification No. RBI/2021-22/78 FMRD.DIRD.01/14.01.001/2021-22]
