Discount and Finance House of India Ltd. (DFHI)
DFHI has been set up as a port of the package of reform of the money market. It fills the long-standing need of a discount house in India, which will buy bills and other short-term paper from banks and financial institutions. In this way, DFHI enables banks and financial institutions to invest their idle funds for short periods in bills and short dated paper.
Banks can sell their short-term securities to DFHI and get funds, in case they need them, without disturbing their investments. The DFHI has been very active in the short-term money market and has effectively contributed to the overall stability of the money market.
DFHI has been set up as a port of the package of reform of the money market. It fills the long-standing need of a discount house in India, which will buy bills and other short-term paper from banks and financial institutions. In this way, DFHI enables banks and financial institutions to invest their idle funds for short periods in bills and short dated paper.
Banks can sell their short-term securities to DFHI and get funds, in case they need them, without disturbing their investments. The DFHI has been very active in the short-term money market and has effectively contributed to the overall stability of the money market.
[Post Image Courtesy of JK1991 at FreeDigitalPhotos.net]
Discount and Finance House of India Ltd. (DFHI)
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Tuesday, April 11, 2017
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