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Role of DFHI in Money Market
Role of DFHI in Money Market
Role of DFHI in Money Market
DFHI ( Discount And Finance House of India) It was incorporated on March, 1988 under The Companies Act, 1956. According to Companies Act, DFHI became the subsidiary of SBI. DFHI commenced its operations on April, 1988. As on 12 August, 2010, the SBI Bank has invested during the quarter further amount of Rs.37.64 crore in SBI DFHI Ltd. increasing their shareholding to 62.49%.
Treasury Bills Government Securities Certificates of Deposit Commercial Papers Call (overnight) Money, Notice money and Term Money Interest rate swaps/Forward rate Agreements.
Conclusion
With own reference and support from RBI in refinance facility and broad based money instruments, DFHI is poised for continued sustained growth and more effective role to fulfill the basic objective of the money market i.e to facilitate smoothening of short term liquidity.
Bibliography
www.sbidfhi.com www.icai.org www.investopedia.com www.businessfinance.com www.wikipedia.com