{"id":250466,"date":"2021-06-29T17:30:03","date_gmt":"2021-06-29T12:00:03","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=250466"},"modified":"2023-08-30T16:35:16","modified_gmt":"2023-08-30T11:05:16","slug":"reserve-bank-of-india-call-notice-and-term-money-markets-directions-2021","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/29\/reserve-bank-of-india-call-notice-and-term-money-markets-directions-2021\/","title":{"rendered":"Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021"},"content":{"rendered":"

On June 25, 2021, the Reserve Bank of India (RBI) has issued the RBI (Call, notice, and term money markets) Directions, 2021.<\/p>\n

On a review based on representations received, the prudential borrowing limits for transactions in Call, Notice and Term Money Markets have been revised. Accordingly, in Part 4 (b) of the Master Directions, Table 1<\/a> is being revised as under:<\/p>\n\n\n\n\n\n\n\n\n
<\/a>Table 1: Prudential limits for outstanding borrowing transactions in Call, Notice and Term Money Markets<\/span><\/td>\n<\/tr>\n
Sr. No.<\/span><\/td>\nParticipant Category<\/span><\/td>\nPrudential Limit<\/span><\/td>\n<\/tr>\n
1<\/td>\nScheduled Commercial Banks (including Small Finance Banks)<\/td>\nCall and Notice Money:<\/span><\/p>\n

(i) 100% of capital funds, on a daily average basis in a reporting fortnight, and<\/p>\n

(ii) 125% of capital funds on any given day.<\/p>\n

Term Money:<\/span><\/p>\n

(i) Internal board approved limit within the prudential limits for inter-bank liabilities.<\/td>\n<\/tr>\n

2<\/td>\nPayment Banks and Regional Rural Banks<\/td>\nCall, Notice and Term Money:
\n<\/span>
\n(i) 100% of capital funds, on a daily average basis in a reporting fortnight, and(ii) 125% of capital funds on any given day.<\/td>\n<\/tr>\n
3<\/td>\nCo-operative Banks<\/td>\nCall, Notice and Term Money:<\/span><\/p>\n

(i) 2.0% of aggregate deposits as at the end of the previous financial year.<\/td>\n<\/tr>\n

4<\/td>\nPrimary Dealers<\/td>\nCall and Notice Money:<\/span><\/p>\n

(i) 225% of Net Owned Fund (NOF) as at the end of the previous financial year on a daily average basis in a reporting fortnight.<\/p>\n

Term Money:<\/span><\/p>\n

(i) 225% of Net Owned Fund (NOF) as at the end of the previous financial year.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n","protected":false},"excerpt":{"rendered":"

On June 25, 2021, the Reserve Bank of India (RBI) has issued the RBI (Call, notice, and term money markets) Directions, 2021. <\/p>\n","protected":false},"author":8808,"featured_media":292792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-250466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications"],"yoast_head":"\nReserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/29\/reserve-bank-of-india-call-notice-and-term-money-markets-directions-2021\/\" \/>\n<meta property=\"og:locale\" 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The Master Directions shall be applicable to all Local Area Banks, licensed to operate in India by the Reserve Bank of India comes\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":369165,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/12\/08\/rbi-issues-concentration-risk-management-amendment-2025\/","url_meta":{"origin":250466,"position":1},"title":"RBI Revises Large Exposures and Intragroup Transactions Guidelines","author":"Shubhi","date":"December 8, 2025","format":false,"excerpt":"RBI has issued Amendments to LEF and ITE Frameworks through the Commercial Banks \u2014 Concentration Risk Management Amendment Directions, 2025, clarifying prudential treatment and strengthening risk practices.","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Concentration Risk Management Amendment Directions","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Concentration-Risk-Management-Amendment-Directions.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Concentration-Risk-Management-Amendment-Directions.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Concentration-Risk-Management-Amendment-Directions.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Concentration-Risk-Management-Amendment-Directions.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":369035,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/12\/08\/rbi-amendment-directions-to-credit-information-reporting-acuuracy-2\/","url_meta":{"origin":250466,"position":2},"title":"RBI Issues 6 Amendment Directions to Repeal Guidelines on Credit Supply for Large Borrowers – December 2025","author":"Kriti","date":"December 8, 2025","format":false,"excerpt":"The Reserve Bank of India has repealed the guidelines on enhancing credit supply for large borrowers and issued six amendment directions to strengthen prudential norms, improve bank balance sheets, and enhance regulatory oversight.","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Repeal Guidelines on Credit Supply for Large Borrowers","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Repeal-Guidelines-on-Credit-Supply-for-Large-Borrowers.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Repeal-Guidelines-on-Credit-Supply-for-Large-Borrowers.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Repeal-Guidelines-on-Credit-Supply-for-Large-Borrowers.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Repeal-Guidelines-on-Credit-Supply-for-Large-Borrowers.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":258299,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/10\/rbi-publishes-the-statement-on-developmental-and-regulatory-policies\/","url_meta":{"origin":250466,"position":3},"title":"RBI publishes the Statement on Developmental and Regulatory Policies","author":"Editor","date":"December 10, 2021","format":false,"excerpt":"The Reserve Bank of India has published a Statement on Developmental and Regulatory Policies vide press release dated December 8, 2021. The Statement sets out various developmental and regulatory policy measures relating to (i) regulation and supervision (ii) financial markets and (ii) payment and settlement systems. \u00a0 Key Highlights: RBI\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":255194,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/05\/rbi-notifies-master-circular-on-prudential-norms-on-income-recognition-asset-classification-and-provisioning-pertaining-to-advances\/","url_meta":{"origin":250466,"position":4},"title":"RBI notifies Master Circular on Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances","author":"Prachi Bhardwaj","date":"October 5, 2021","format":false,"excerpt":"The Reserve Bank of India has notified the prudential norms on income recognition, asset classification and provisioning pertaining to advances on October 1, 2021. \u00a0 Key highlights of the RBI\u2019s Master Circular are as follows: The policy of income recognition should be objective and based on record of recovery rather\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":295452,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/06\/27\/rbi-imposes-penalty-of-rs-thirty-lakhs-on-axis-bank-legal-news\/","url_meta":{"origin":250466,"position":5},"title":"RBI imposes penalty of Rs. 30 Lakhs on Axis Bank Ltd. for wrongly levying penal charges on its credit card holders on account of late payment","author":"Kriti","date":"June 27, 2023","format":false,"excerpt":"On 23-6-2023, the Reserve Bank of India (\u2018RBI\u2019) imposed a penalty of Rs. 30 lakhs on Axis Bank Ltd. for non-compliance with Directions on \u2018Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances - Credit Card Accounts\u2019. Background: On 31-3-2023, statutory inspection for Supervision Evaluation was conducted\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"rbi","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/reserve-bank-of-india.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/reserve-bank-of-india.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/reserve-bank-of-india.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/reserve-bank-of-india.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/250466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=250466"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/250466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/292792"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=250466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=250466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=250466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}