d) Discount and Finance House of India.

Question

09 Apr 2024

Answer :

Word Count : 309

The Discount and Finance House of India (DFHI) plays a pivotal role in India's financial landscape, particularly in money market operations. Established in 1988 under the Reserve Bank of India (RBI) Act, DFHI functions as a specialized financial institution tasked with facilitating the development of the money market in India.

DFHI primarily engages in two major activities:

1. Discounting and Rediscounting: DFHI provides short-term financial assistance by discounting or rediscounting bills of exchange, promissory notes, and other _____ ______ ________ _______ ____ ___ ____ __________.
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