What changed
RBI introduced a special second LAF (SLAF) at 4:15 PM on all days from November 1 to 4, 2010, as announced on October 31, 2010. No other terms or conditions of the existing LAF scheme were modified.
What it means for you
This temporary SLAF provides an additional liquidity window for banks and primary dealers to manage short-term funding gaps during the specified period. It signals RBI's proactive stance to ease liquidity pressures without altering the broader LAF framework.
What you must do
- Participate in the SLAF at 4:15 PM on November 1-4, 2010, if liquidity needs arise.
- Ensure your treasury team is aware of the additional window and its timing.
- Acknowledge receipt of this circular to RBI as instructed.
Who it affects
All Scheduled Commercial Banks (excluding RRBs), Primary Dealers
What is the timing of the special LAF?
The special second LAF (SLAF) will be conducted at 4:15 PM on each day from November 1 to 4, 2010.
Are any other LAF terms changed?
No, all other terms and conditions of the current LAF Scheme remain unchanged.