Banner Core Functions

Direct Instruments


The Primary Reserve Requirement - All licensed bank and non-bank financial institutions are required to hold a certain percentage of their prescribed liabilities at the Central Bank on a non-remunerated basis. The Central Bank can vary this percentage periodically in order to influence credit and monetary conditions. Currently, the statutory primary reserve requirement is 14 per cent.

The Secondary Reserve Requirement - From time to time, the Central Bank may also request licensed bank and non-bank financial institutions to hold a certain percentage of their prescribed liabilities in a secondary reserve, usually on a remunerated basis.

The Special Liquidity Facility - In addition to the primary and secondary reserves requirement, the Central Bank has from time to time, requested that commercial banks deposit some proportion of their prescribed liabilities in an interest- bearing facility at the Central Bank for an agreed timeframe.

Top

 

 YouTube  Facebook   Mail  Instagram  Whatsapp  Museum Instagram Auditorium Facebook 

 

   CBNote Google Play Apple Store