{"id":381,"date":"2021-02-06T09:55:23","date_gmt":"2021-02-06T09:55:23","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=381"},"modified":"2021-02-18T10:48:03","modified_gmt":"2021-02-18T10:48:03","slug":"rbi-2020-21-91notificationsection-24-of-the-banking-regulation-act-1949-maintenance-of-statutory-liquidityratio-slr-marginal-standing-facility-msf-extension-of-relaxation","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/rbi-2020-21-91notificationsection-24-of-the-banking-regulation-act-1949-maintenance-of-statutory-liquidityratio-slr-marginal-standing-facility-msf-extension-of-relaxation\/","title":{"rendered":"RBI, 2020-21 , Notification , Section 24 of the Banking Regulation Act, 1949 \u2013 Maintenance of Statutory Liquidity Ratio (SLR) \u2013 Marginal Standing Facility (MSF) &#8211; Extension of Relaxation"},"content":{"rendered":"\n<p class=\"has-text-align-right\">February 05, 2021<\/p>\n\n\n\n<p>All Scheduled Banks<br><br>Dear Sir \/ Madam<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Section 24 of the Banking Regulation Act, 1949 \u2013 Maintenance of Statutory Liquidity Ratio (SLR) \u2013 Marginal Standing Facility (MSF) &#8211; Extension of Relaxation<\/strong><\/p>\n\n\n\n<ol class=\"is-style-none wp-block-list\"><li>1. Please refer to our circulars DOR.No.Ret.BC.52\/12.01.001\/2019-20 dated March 27, 2020, DOR.RRB.No.28\/31.01.001\/2020-21 dated December 4, 2020 and Press Release No.2020- 2021\/401 dated September 28, 2020 on Marginal Standing Facility (MSF), wherein the banks were allowed to avail of funds under the MSF by dipping into the Statutory Liquidity Ratio (SLR) up to an additional one per cent of their net demand and time liabilities (NDTL), i.e.,<br>cumulatively up to three per cent of NDTL. This facility, which was initially available up to June 30, 2020 was later extended in phases up to March 31, 2021 providing comfort to banks on their liquidity requirements and also to enable them to meet their Liquidity Coverage Ratio (LCR) requirements.<\/li><\/ol>\n\n\n\n<ol start=\"2\" class=\"is-style-none wp-block-list\"><li>2.  As announced in the Statement of Developmental and Regulatory Policies of February 05, 2021, with a view to providing comfort to banks on their liquidity requirements, banks are allowed to continue with the MSF relaxation for a further period of six months, i.e., up to September 30, 2021<\/li><\/ol>\n\n\n\n<p>Yours faithfully<\/p>\n\n\n\n<p>(Thomas Mathew)<br>Chief General Manager<\/p>\n\n\n\n<p><strong>For full detail<\/strong> <strong>click below&#8230;.<\/strong><\/p>\n\n\n\n<p><a href=\"http:\/\/bit.ly\/Rbi-SLR-MSF\">http:\/\/bit.ly\/Rbi-SLR-MSF<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>February 05, 2021 All Scheduled Banks Dear Sir \/ Madam Section 24 of the Banking Regulation Act, 1949 \u2013 Maintenance of Statutory Liquidity Ratio (SLR) \u2013 Marginal Standing Facility (MSF) &#8211; Extension of Relaxation 1. Please refer to our circulars DOR.No.Ret.BC.52\/12.01.001\/2019-20 dated March 27, 2020, DOR.RRB.No.28\/31.01.001\/2020-21 dated December 4, 2020 and Press Release No.2020- 2021\/401 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":46,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,14],"tags":[34],"class_list":["post-381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-notifications","category-rbi","tag-rbi"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=381"}],"version-history":[{"count":4,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/381\/revisions"}],"predecessor-version":[{"id":557,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/381\/revisions\/557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/46"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}