SC: Suit Alleging Coercion or Undue Influence Cannot be Rejected under Order VII Rule 11 CPC || Cal HC: Once ED Attachment is Confirmed, Challenge Becomes Academic; PMLA Remedy Must be Pursued || MP HC: Pen-Drive Evidence Cannot be Introduced At a Late Trial Stage Without Proof or Relevance || Calcutta HC: Employee Can't be Stopped From Joining Rival Post-Resignation; Trade Secrets Protected || Calcutta HC: Banks Must Provide Forensic Audit Report Before Calling an Account Fraudulent || Del HC: Woman Cannot Demand Re-Entry to Abandoned Matrimonial Home if Alternate Accommodation Exists || Calcutta HC: Land Acquisition For Industrial Park is Public Purpose; Leasing to Industry is Valid || Patna HC: PwD Recruitment Must Comply With RPwD Act; Executive Resolutions Cannot Override the Law || Madras HC: Individuals Facing Criminal Trial Must Get Court Permission Even to Renew Passports || Calcutta HC: Demolition Orders Cannot be Challenged under Article 226 if a Statutory Appeal Exists

Liquidity Adjustment Facility - Change in rates- (Reserve Bank of India) (08 Jun 2022)

MANU/RMIC/0106/2022

Banking

1. As announced in the Monetary Policy Statement, 2022-23, today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 4.40 per cent to 4.90 per cent with immediate effect.

2. Consequently, the standing deposit facility (SDF) rate and marginal standing facility (MSF) rate stand adjusted to 4.65 per cent and 5.15 per cent respectively, with immediate effect.

3. All other terms and conditions of the extant LAF Scheme will remain unchanged.

Tags : LAF CHANGE RATES

Share :