Consider the following statements:
1. In India, Non-Banking Financial Companies can access the Liquidity Adjustment Facility window of the Reserve Bank of India.
2. In India, Foreign Institutional Investors can hold the Government Securities (G-Secs).
3. In India, Stock Exchanges can offer separate trading platforms for debts.
Which of the statements given above is/are correct?
Answer:
(c)
All Scheduled Commercial Banks and Primary Dealers (PDs) having Current Account and SGL Account with Reserve Bank, Mumbai will be eligible to participate in the Repo and Reverse Repo auctions. RBI has allowed RRBs to participate in the the LAF. There is no such provision for NBFCs. Hence 1 is incorrect. Indian stock exchange can offer separate trading platform for debts. NSE was be the first exchange to offer a separate trading platform for debts. Hence 3 is correct.