It was visualised that the discount house would use its funds for investment in treasury bills, government and other trustee securities, commercial bills, and working balance with the RBI. ... contributed its paid-up capital of Rs 200 crore ( the authorised share capital of Rs 250 crore) in the proportion of 5:3:2. ... Ever since 1988, its focus was on the short end of the market, i.e., on call money, TBs, and CBs.
|Title||:||Financial Institutions & Markets 5E|
|Publisher||:||Tata McGraw-Hill Education - 2009|