Tri-party Repo (TREPS) is a repo contract where a third entity | UPSCPrelimsNew

Tri-party Repo (TREPS) is a repo contract where a third entity acts as an intermediary between a borrower and a lender. Which of the following entities can participate in the Tri-party Repo market in India?

1. Public Sector Banks.

2. Co-operative Banks

3. Mutual Funds

Select the correct answer using the code
given below.

(a) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3