What does DFHI mean? What is the full form of DFHI?

The full form of DFHI is Discount and Finance House of India. It’s used on Business ,Banking in India

Discount & Finance House of India Limited was set up by the Reserve Bank of India (RBI), jointly with Public Sector Banks and All-India Financial Institutions, as a sequel to Vaghul Working Group recommendations, to deal in money market instruments.

Pursuant to the Vaghul Working Group recommendation for setting up an institution to provide enhanced liquidity to the money market instruments, the RBI set up the Dis­count and Finance House of India (DFHI) jointly with public sector banks and the all-India financial institutions.

DFHI was incorporated in March 1988 and it commenced operation in April 1988. The main objective of this money market institution is to facilitate smoothening of the short-term liquid­ity imbalances by developing an active secondary market for the money market instruments. Its authorized capital is Rs. 250 crores.

DFHI stands for Discount Finance House of India. It is a specialised money market institution which was established in April 1988 with an objective to provide liquidity to money market Instruments and to develop secondary market. It performs various functions such as discounting and rediscounting bills, sell and underwrite marketable securities, treasury bills, commercial bill, promissory notes etc..

DFHI

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What does DFHI mean? What is the full form of DFHI?
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