Scheduled Commercial Banks can Set their own Limits for Borrowing in Call and Notice Money Markets: RBI
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- Last Updated on 12 June, 2023
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Circular No. RBI/2022-23/38 FMRD.DIRD.02/14.01.001/2023-24, Dated 08.06.2023
The RBI has decided to allow SCBs (excluding small finance banks and payment banks) to set their own limits for borrowing in Call and Notice Money Markets. Further, as in the case of term money market borrowing, scheduled commercial banks shall put in place internal board-approved limits for borrowing through Call and notice money markets within the prudential limits for inter-bank liabilities prescribed by the Department of Regulation. The instruction shall be applicable with immediate effect.
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