Short Term Refinance - Special Liquidity Facility – change of interest rates
1. Please refer to our circular No. NB.113 & 114/DoR-35 & 36/2020 dated 23 April 2020, communicating the guidelines on refinance under the Special Liquidity Facility and our letter No. NB.DoR/ 51 & 53 /A-1 Gen/2020-21 dated 24 April 2020 on the above subject addressed to all RRBs and StCBs respectively.
2. In consideration of the announcement made by RBI on 22.05.2020 in respect of reduction in the repo rate, interest rates under SLF have been revised from 4.80% p.a. to 4.40% p.a. The revised rate would be applicable on all fresh disbursements made from 22.05.2020 as also current outstanding under the facility.