RBI directs banks to report reverse repo transactions under ‘Cash & Balance with RBI’
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- Last Updated on 21 May, 2022
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Circular no. RBI/2022-23/55 DOR.ACC.REC.No.37/21.04.018/2022-23, Dated: 19.05.2022
The RBI vide Master Directions dated August 30, 2021 had issued guidelines to the banks w.r.t reporting of reverse repo transactions by banks on their Balance Sheet. In order to bring more clarity on the reporting of reverse repo transactions, the RBI has decided that all type of reverse repos with the RBI including those under Liquidity Adjustment Facility shall be presented under sub-item ‘In Other Accounts’ of item ‘Balances with Reserve Bank of India’ under Schedule 6 of the Balance Sheet.
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