Bank Rate

Third Quarter Review of Monetary Policy 2013-14

On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.75 per cent to 8.0 per cent; and keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per… Read More

Tags: Bank RateCentral bankConsumer Price Index - CPI (CPIS)DecemberEconomic growthRepurchase agreementReserve BankUrjit Patel Committee

RBI revises Bank Rates

RBI/2013-14/468 DBOD.No.Ret.BC.88/12.01.001/2013-14 January 28, 2014 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate Please refer to our circular DBOD.No.Ret.BC.64/12.01.001/2013-14 dated October 29, 2013 on the subject. 2. Consequent to the increase in the policy repo rate under the Liquidity Adjustment Facility (LAF) as announced in the Third Quarter Review of Monetary Policy 2013-14 dated… Read More

Tags: Bank RateCentral bankInterestLiquidity Adjustment FacilityMonetary policyPercentageRepurchase agreementReserve requirement

Second Quarter Review of Monetary Policy 2013-14 – Statement by Raghuram Rajan

Download: Second Quarter Review of Monetary Policy 2013-14 "Good Morning and welcome to the Reserve Bank. Today, continuing the process begun in September, we have announced the following policy measures: we have reduced the marginal standing facility (MSF) rate by 25 basis points from 9.0 per cent to 8.75 per cent with immediate effect; we have… Read More

Tags: Bank RateCentral bankEconomic growthfinanceIndiaMicrosoftMonetary policyMSFNDTLRaghuram RajanRepurchase agreementReserve BankSeptember

Changes in Bank Rate

RBI/2013-14/315 Ref:DBOD.No.Ret.BC. 58/12.01.001/2013-14 October 07, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Press Release 2013-2014/728 dated October 07, 2013, the Bank Rate stands adjusted by 50 basis points from 9.5 per cent to 9.0 per cent with effect from October 07, 2013. 2. All penal interest… Read More

Tags: Bank RateBasis pointBusinessFinancial servicesInterest ratePercentagePercentage pointReserve requirement

Adjustment in Bank Rate

As part of the measures announced today by the Reserve Bank to improve liquidity conditions, the marginal standing facility (MSF) rate has been reduced by 50 basis points from 9.5 per cent to 9.0 per cent with immediate effect. Accordingly, the Bank Rate also stands adjusted to 9.0 per cent with immediate effect. Alpana Killawala… Read More

Tags: Bank RateBasis pointCentral bankMSFPercentageRepurchase agreementReserve BankReserve Bank of India

Change of Bank Rates

RBI/2013-14/282 Ref:DBOD.No.Ret.BC. 56 /12.01.001/2013-14 September 20, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate Please refer to our Circular DBOD.No.Ret.BC.31/12.01.001/2013-14 dated July 15, 2013 on the captioned subject. As announced in the Press Release 2013-2014/604 dated September 20, 2013, the Bank Rate stands adjusted by 75 basis points from 10.25 per cent to… Read More

Tags: Bank RateBasis pointBusinessFinancial servicesInterest ratePercentagePercentage pointReserve requirement

Mid-Quarter Monetary Policy Review: September 2013

Click here to Download the Report Monetary and Liquidity Measures On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: reduce the marginal standing facility (MSF) rate by 75 basis points from 10.25 per cent to 9.5 per cent with immediate effect; reduce the minimum daily maintenance… Read More

Tags: Bank RateBasis pointCentral bankCRRFederal Reserve SystemGovernmentRepurchase agreementReserve Bank

RRBs – Bank Rate increased

RBI/2013-14/146 RPCD.CO.RRB.RCB.BC. No.13/03.05.33/2013-14 July 15 , 2013 The Chairmen/Chief Executive Officers, All Regional Rural Banks / State and Central Co-operative Banks Dear Sir/Madam, Bank Rate As announced in the Press Release 2013-14/100 dated July 15, 2013, the Bank Rate stands adjusted by 200 basis points from 8.25 per cent to 10.25 per cent with effect from… Read More

Tags: Bank RateBasis pointCentral bankInterestJuly 15 2013PercentageRegional Rural BankReserve requirement

Revision in Bank Rate

RBI/2013-14/139 UBD BPD (PCB) Cir. No.1/16.11.00/2013-14 July 15, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Revision in Bank Rate Please refer to our circular UBD BPD (PCB) Cir. No.48-16.11.00-2012-13 dated May 03, 2013 on the captioned subject.  As announced in the Press Release 2013-2014/100 dated July 15, 2013, the Bank Rate… Read More

Tags: Bank RateBasis pointIndiaInterest rateJuly 15 2013PercentagePrincipal Chiefs of the CherokeeReserve Bank of India

RBI Circular on changes in Bank Rate

RBI/2013-14/138 Ref : DBOD.No.Ret.BC. 31/12.01.001/2013-14 July 15, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Press Release 2013-2014/100 dated July 15, 2013, the Bank Rate stands adjusted by 200 basis points from 8.25 per cent to 10.25 per cent with effect from July 15, 2013. 2.  All… Read More

Tags: Bank RateBasis pointInterest rateJuly 15 2013PercentageRepurchase agreementReserve Bank of IndiaRun batted in

RBI announces Measures to address Exchange Rate Volatility

The market perception of likely tapering of US Quantitative Easing has triggered outflows of portfolio investment, particularly from the debt segment. Consequently, the Rupee has depreciated markedly in the last six weeks. Countries with large current account deficits, such as India, have been particularly affected despite their relatively promising economic fundamentals. The exchange rate pressure… Read More

Tags: Bank RateCentral bankIndiaLiquidity Adjustment FacilityMSFRepurchase agreementRun batted inRupee

RBI Publishes Mid-Quarter Monetary Policy Review: June 2013

Monetary and Liquidity Measures On the basis of an assessment of the current macroeconomic situation, it has been decided to: keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of their net demand and time liabilities; and keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at… Read More

Tags: Bank RateCADCRREconomic growthIndiaLAFMayReserve requirement

Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from May 3, 2013

RBI/2012-13/488 DBOD.No.Ret.BC.91 /12.01.001/2012-13 May 3, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Annual Monetary Policy Statement 2013-14, the Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from May 3, 2013. 2.  All penal interest rates on… Read More

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