The Reserve Bank of India (RBI) kept the limit of state governments’ short-term borrowing from the central bank, called as Normal Ways and Means Advances, unchanged for the financial year started Thursday, it said in a statement.

The limit, which is also applicable for the union territory of Puducherry is placed at Rs 99.25 billion.

You might also want to read these:

• RBI advise govt for lock-in period for FDI in hotels, tourism
  The Reserve Bank of India (RBI) has advised the government to impose strict new riders and set up a ...
• RBI: Stiff terms for new bank licences
  The Reserve Bank of India is considering a 50 per cent cap on foreign investment in new banks with a...
• Ahead of monetary policy RBI can raise rates: PMEAC
  The PMEAC member G Govinda Rao today said RBI can raise the key rates ahead of its April 20 annual ...
• Bankers bullish on Loan Growth, want CRR to be unchanged
  The RBI will meet bankers to take stock of the current macro-economic situation and take note of b...
• New bank licensing norms to benefit NBFCs & Global Financial Services Cos
  Pure-play NBFCs with creditable track record like Shriram, Srei, Motilal Oswal, along with global f...