Home › Circulars › RBI/2010-11/250

LAF Liquidity Easing: Special Repo Auctions in Oct-Nov 2010

Current · Source: Reserve Bank of India · RBI/2010-11/250 · issued 29 Oct 2010 · ~1 min read
Quick answerRBI announced temporary liquidity easing via special second LAF auctions on Oct 29 and Nov 1, 2010, plus a special 2-day repo auction on Oct 30, 2010. All other LAF terms unchanged.
The rule, in the simplest words
How it plays out — a real example

On October 29, 2010, at 2:30 p.m., Rohan, a branch operations officer in Indore, receives a call from his bank's treasury team to participate in the special second LAF auction. He quickly checks the auction details and submits a bid to access short-term funds, helping his bank manage liquidity needs.

What changed

RBI introduced a special second LAF (SLAF) at 2:30 p.m. on October 29, 2010, and at 4:15 p.m. on November 1, 2010. Additionally, a special 2-day repo auction under LAF was scheduled at 10:30 a.m. on Saturday, October 30, 2010. All other LAF scheme terms remained unchanged.

What it means for you

These temporary measures were aimed at providing liquidity comfort as the LAF window had been in injection mode. Banks and primary dealers got extra windows to access short-term funds, helping ease any liquidity tightness. The special Saturday auction allowed participants to manage weekend funding needs.

What you must do

Who it affects

All Scheduled Commercial Banks (excluding RRBs), Primary Dealers

❓ Common questions

What is the purpose of these special LAF auctions?

RBI introduced these temporary measures to provide liquidity comfort, as the LAF window had been in injection mode recently.

Are there any changes to the existing LAF scheme terms?

No, all other terms and conditions of the current LAF Scheme remain unchanged.

Who is eligible to participate in these special auctions?

All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers are eligible.

📜 Read the original circular — full text as issued by RBI
RBI/2010-11/250 FMD.MOAG. No.51/01.01.01/2010-11 October 29, 2010 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Liquidity Easing Measures The Liquidity Adjustment Facility (LAF) window of the Reserve Bank has been in the injection mode in the recent period. In order to provide liquidity comfort, the Reserve Bank has today announced the following temporary measures: A special second LAF (SLAF) will be conducted on two days at 2.30 p.m. on October 29, 2010 and at 4.15 p.m. on November 1, 2010. A special 2-day repo auction under the LAF will be conducted at 10.30 a.m. on Saturday, October 30, 2010. 2. All other terms and conditions of the current LAF Scheme will remain unchanged. 3. Please acknowledge receipt. Yours sincerely (P. Krishnamurthy) Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/250 · issued 29 Oct 2010. The plain-English explanation above is BankPulse’s own independent summary.
🧰 Tools — save, print, templates & related
Most relevant forTreasury Team / ALMSenior Management / BoardCompliance TeamRisk ManagementInternal Audit
🛠 Banker’s toolkit — checklists & reply templates →
Related circulars · Financial Markets Regulation
RBI Announces ₹1.25 Lakh Crore 2-Day VRR Auction on July 1Overnight VRR Auction Result: June 30, 2026RBI conducts ₹75,000 crore overnight VRR auction on June 30, 2026VRR Auction June 29, 2026: ₹75,021 Cr Allotted at 5.26%Overnight VRR Auction Result: July 29, 2026
Browse all departments →
Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (All Scheduled Commercial Banks (excluding RRBs), Primary Dealers), your first concrete step on “LAF Liquidity Easing: Special Repo Auctions in Oct-Nov 2010” is: “Participate in the SLAF auctions on Oct 29 and Nov 1, 2010, at the specified times.” (RBI issued this 29 Oct 2010).

  1. Circular: RBI/2010-11/250 -- LAF Liquidity Easing: Special Repo Auctions in Oct-Nov 2010
  2. Issued: 29 Oct 2010
  3. Action required: Participate in the SLAF auctions on Oct 29 and Nov 1, 2010, at the specified times.
  4. Action required: Submit bids for the special 2-day repo auction on Oct 30, 2010, by 10:30 a.m.
  5. Action required: Ensure your treasury teams are aware of the additional auction timings and adjust liquidity management accordingly.
  6. Owner: ____________ Target date: ____________
  7. Board/committee approval needed? Y / N
  8. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

💬 Banker Discussion

Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.

Loading comments…
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6062&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
—