On a fortnightly averageOn a fortnightly averagebasis, borrowingbasis, borrowingoutstanding should notoutstanding should notexceed 100 per cent of exceed 100 per cent of capital funds (i.e., sum of capital funds (i.e., sum of Tier I and Tier II capital) of Tier I and Tier II capital) of latest audited balancelatest audited balancesheet. However, banks aresheet. However, banks areallowed to borrow aallowed to borrow amaximum of 125 per centmaximum of 125 per centof their capital funds on anyof their capital funds on anyday, during a fortnight.day, during a fortnight. On a fortnightly averageOn a fortnightly averagebasis, lending outstandingbasis, lending outstandingshould not exceed 25 per should not exceed 25 per cent of their capital funds;cent of their capital funds;however, banks arehowever, banks areallowed to lend a maximumallowed to lend a maximumof 50 per cent of their of 50 per cent of their capital funds on any day,capital funds on any day,during a fortnight.during a fortnight.
Borrowings outstanding byBorrowings outstanding byCo-operative Banks inCo-operative Banks incall/notice money market on acall/notice money market on adaily basis should not exceeddaily basis should not exceed2.0 per cent of their aggregate2.0 per cent of their aggregatedeposits as at end March of deposits as at end March of the previous financial year.the previous financial year.
No Limit.No Limit.