home page




 

Newsletter

Daily Rates

Daily News

Book Store

Home

Conferences

Technology

Finance



  credit policy   overview | coop banks | basics | lending |adv banking | products | IT & banking  
                                                         
daily news | banking software| bank directory| internet banking| IT directory| Banknet Jobs


RBI CREDIT AND MONETARY POLICIES (1999-2009) click here



RBI to provide Swap facility for providing Forex Liquidity to Indian Banks for their Overseas Branches/Subsidiaries


07 Nov 2008 : In response to the unfolding events relating to the global turmoil and its impact on international money markets, central banks across the world have taken action to ease the liquidity situation through measures such as inter-central bank swap lines, collateralised lending and forex swaps.

In the context of the global developments and in order to provide flexibility to Indian banks in managing their short-term funding requirements at their overseas offices, the Reserve Bank of India will provide forex liquidity to Indian public and private sector banks having foreign branches or subsidiaries, through forex swaps of tenors upto three months. This facility will be available on request until further notice. The pricing of swaps will be based on the interest rates in the domestic as well as the overseas markets using the Reserve Bank reference rate for the USD-INR exchange rate.

Further, for funding the swaps, banks can also borrow under the Liquidity Adjustment Facility (LAF) for the corresponding tenor at the prevailing repo rate. The Reserve Bank of India will be prepared to consider any specific relaxation of Statutory Liquidity Ratio (SLR) requirements for this purpose.



RBI Announces Further Measures for Monetary and Liquidity Management- Cuts repo rate, CRR, SLR...Click Here

Reserve Bank of India reduces CRR by additional 100 basis points to 7.5%...Click Here

Reserve Bank of India reduces CRR by 50 basis points to 8.5%...Click Here

The Annual Policy Statement for the year 2008-09...Click Here

FOR RBI CREDIT AND MONETARY POLICIES (1999-2008) ...Click Here

Indian banking system is stable and sound, says RBI Governor...Click Here

Indian Government sets up group to assess liquidity requirements...Click Here

Indian economy and banking system has the capacity to weather the global financial crisis...Click Here

Subprime Crisis: A Special

CLICK FOR SPECIAL SECTION ON GLOBAL FINANCIAL CRISIS



Google
 
Web banknetindia.com








Advertise | Book Store | About us | Contact us | Terms of use | Disclaimer

Banknet India | All rights reserved worldwide.
Best viewed with IE 4.00 & above at a screen resolution of 800 x 600 or higher