Reverse Repo Transactions With Non-banks for All Tenors Shall Be Reported Under Loans, Cash Credits Under Bank Credit | RBI
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- Last Updated on 18 October, 2023
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Circular No. RBI/2023-24/68 DoR.RET.REC.43/12.01.001/2023-24, Dated: 16.10.2023
RBI has now clarified that Reverse Repo transactions for original tenors up to and inclusive of 14 days, shall be reported under Item III(b) of Form A (i.e., Money at call and short notice) whereas original tenors of more than 14 days, shall be reported under Item III(c) of Form A (i.e., Advances to banks). Also, reverse repo transactions with non-banks for all tenors should be reported under Loans, cash credits and overdrafts under Bank Credit in India excluding inter-bank advances.
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