Banking Awareness
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Reserve Bank of India (RBI)
SDF floor
\text{SDF} = \text{Repo rate} - 0.25\%
SDF is the floor of the LAF corridor; banks park surplus cash there without any collateral
MSF ceiling
\text{MSF} = \text{Bank Rate} = \text{Repo rate} + 0.25\%
MSF is the ceiling of the corridor; Bank Rate is kept equal to MSF