Question
What is the maximum amount that can be borrowed by
banks under the Marginal Standing Facility (MSF) route?Solution
The MSF was introduced by the Reserve Bank of India in 2011 in order to help banks manage the cash flow mismatch on overnight basis. The banks can approach RBI for loan under MSF facility in an interest rate that will be higher than the repo rate. Banks can borrow upto 2% of the total NDTL under this route whereas the minimum amount is Rs 1 crore.
Recently on 14th July, 2023 Chandrayaan 3 mission was launched from Sriharikota, Andhra Pradesh, what was the total weight of it?
Panna National Park is situated in which Indian state?
Black buck is the ‘state animal’ of which Indian state?
Recently, which individual has made history by achieving the remarkable feat of scaling both Mt. Everest and Lhotse in a single season?Â
The INSPIRE Scheme is a flagship initiative of which organization?
A commemorative coin of Rs 100 was recently released on the 101st birth anniversary of Jawaharlal Darda. He was associated with which state?
Who launched the 'Bharat 6G Alliance' in New Delhi?
Cricketer James Anderson, who was recently honored with a knighthood, represents which national cricket team?
What is the importance of developing Chabahar Port by India?
Nanda Devi National Park was established in which year?
