Home › Circulars › RBI/2010-2011/291

Daily Second LAF Auction Extended Till Jan 28, 2011

Current · Source: Reserve Bank of India · RBI/2010-2011/291 · issued 30 Nov 2010 · ~1 min read
Quick answerRBI extends daily Second Liquidity Adjustment Facility (SLAF) auctions at 4:15 PM through January 28, 2011, to ease liquidity. All other LAF terms remain unchanged. Banks and primary dealers get an extra daily window for repo/reverse repo operations.

What changed

RBI decided to conduct the Second Liquidity Adjustment Facility (SLAF) on a daily basis at 4:15 PM up to January 28, 2011, extending the earlier arrangement from November 9, 2010. All other terms and conditions of the existing LAF scheme remain unchanged.

What it means for you

Banks and primary dealers get an additional daily liquidity window in the afternoon, providing more flexibility to manage short-term cash mismatches. This measure signals RBI's intent to keep systemic liquidity comfortable during the period. No changes to interest rates or collateral norms under LAF.

What you must do

Who it affects

All Scheduled Commercial Banks (excluding RRBs), Primary Dealers

❓ Common questions

What is the timing of the SLAF auction?

The SLAF auction will be conducted daily at 4:15 PM up to January 28, 2011.

Are there any changes to LAF terms and conditions?

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

Who is eligible to participate in this SLAF?

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

📜 Read the original circular — full text as issued by RBI
RBI/2010-2011/291 FMD.MOAG. No. 55/01.01.01/2010-11 November 30, 2010 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Liquidity Easing Measure In continuation of our circular FMD.MAOG.No.54/01.01.01/2010-11 dated November 9, 2010 , it has been decided to conduct Second Liquidity Adjustment Facility (SLAF) on a daily basis at 4.15 pm up to January 28, 2011. 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/2010-2011/291 · issued 30 Nov 2010. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
💻 IT / Systems
  • Update your treasury systems to include the daily 4:15 PM SLAF auction window until January 28, 2011.
📜 Compliance
  • Ensure your dealing room is staffed to participate in the additional afternoon auction.
  • Monitor liquidity positions more frequently to optimally use both LAF and SLAF windows.
  • Acknowledge receipt of this circular as required by RBI.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are an IT/Systems lead at a bank this circular applies to (All Scheduled Commercial Banks (excluding RRBs), Primary Dealers), your first concrete step on “Daily Second LAF Auction Extended Till Jan 28, 2011” is: “Update your treasury systems to include the daily 4:15 PM SLAF auction window until January 28, 2011.” (RBI issued this 30 Nov 2010).

  1. Circular: RBI/2010-2011/291 -- Daily Second LAF Auction Extended Till Jan 28, 2011
  2. Issued: 30 Nov 2010
  3. Action required: Update your treasury systems to include the daily 4:15 PM SLAF auction window until January 28, 2011.
  4. Action required: Ensure your dealing room is staffed to participate in the additional afternoon auction.
  5. Action required: Monitor liquidity positions more frequently to optimally use both LAF and SLAF windows.
  6. Action required: Acknowledge receipt of this circular as required by RBI.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. 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.

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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=6121&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.
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