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ECL Finance Limited NCD Issue.  Please find below the details of the Issue. Opening Date: December 13, 2018 Closing Date: January 11, 2019 Base Issue Size: Rs 250 crore Green shoe Option: Rs 750 crore Issue Size: Rs 1,000 crore Credit Rating: CRISIL AA/Stable’ by CRISIL Limited and ‘[ICRA]AA’ by ICRA Limited

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to keep the policy Repo Rate under the liquidity adjustment facility (LAF) unchanged at 6.5%. Consequently, the reverse repo rate under the LAF remains at 6.25%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75%. The RBI also maintained their monetary policy stance of calibrated tightening. Six members voted for no change in repo rate. Five members voted for no change in stance while one (Prof. Dholakia) voted for change to “neutral”.   Further, in order to align the SLR (Statutory Liquidity Requirement) with the LCR (Liquidity Coverage Ratio) requirement, it was proposed to reduce the SLR by 25 basis points every calendar quarter until the SLR reaches 18% of NDTL (Net Demand & Time Liabilities). The first reduction of 25 basis points will take effect in the quarter commencing January 2019 ...