Basis point

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

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RBI Reduces Marginal Standing Facility Rate

RBI/2013-2014/314 FMD.MOAG. No.88/01.18.001/2013-14 October 07, 2013 All Scheduled Commercial Banks (excluding RRBs) Madam / Sir, Marginal Standing Facility As announced today, it has been decided to reduce the Marginal Standing Facility (MSF) rate by 50 basis points from 9.50 per cent to 9.00 per cent with immediate effect. 2. All other terms and conditions of the current… Read More

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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

RBI Announces Measures to Improve Liquidity Conditions

Starting with the Mid-Quarter Review of September 2013, the Reserve Bank of India (RBI) began a calibrated withdrawal of exceptional measures undertaken since July 2013. This was done with a view to normalising liquidity conditions. Accordingly, the marginal standing facility (MSF) rate was reduced by 75 basis points from 10.25 per cent to 9.5 per… Read More

Tags: Basis pointFloating interest rateMarket liquidityMSFPercentageRepurchase agreementReserve Bank of IndiaRun batted in

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

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Change in Daily Minimum Cash Reserve Maintenance Requirement

RBI/2013-14/281 DBOD.No.Ret.BC.55 /12.01.001/2013-14 September 20, 2013 To All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement Please refer to our Circular DBOD.No.Ret.BC.35/12.01.001/2013-14 dated July 23, 2013 on the captioned subject. 2.  As announced in the Press Release 2013-14/604 dated… Read More

Tags: Basis pointCentral bankRaghuram RajanRepurchase agreementReserve Bank of IndiaReserve requirementRun batted inSeptember 21 2013

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

RBI to open a Swap Window to attract FCNR(B) Dollar Funds

The Reserve Bank of India has been receiving requests from banks to consider a special concessional window for swapping foreign currency non-resident (banks) {FCNR(B)} deposits that will be mobilised as per the recent relaxations permitted by the Reserve Bank of India. It has been decided accordingly to offer such a window to the banks to… Read More

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Interest Rates on FCNR(B) Deposits AD Category 1 UCBs

RBI/2013-14/195 UBD.BPD.AD.CIR.No. 2/13.01.000/2013-14 August 21, 2013 The Chief Executive Officers All AD Category -1 UCBs Dear Sir/Madam, Interest Rates on FCNR(B) Deposits Please refer to our circular No. UBD.BPD.AD.CIR.No.7/13.01.000/2011-12 dated May 17, 2012 on Interest Rates on Deposits held in FCNR(B) Accounts. In view of the prevailing market conditions, it has been decided that with effect from… Read More

Tags: Basis pointFCNRFloating exchange rateIndiaInterestReserve Bank of IndiaSwap rate

RRBs – Interest Rates on FCNR(B) Deposits

RBI/2013-14/194 RPCD.CO.RRB.BC.No.22 /03.05.33/2013-14 August 19, 2013 All Regional Rural Banks Dear Sir, Interest Rates on FCNR(B) Deposits Please refer to our circular RPCD.CO.RRB.No.76/03.05.33(C)/2011-12 dated May 8, 2012 on Interest Rates on Deposits held in FCNR(B) Accounts. In view of the prevailing market conditions, it has been decided that until further notice and with effect from the close… Read More

Tags: Banking Regulation ActBasis pointFCNRIndiaInterest rateNovember 30 2013Reserve Bank of India

Notifies rate of interest in respect of rupee denominated bond of an Indian company – section 194LD(2)

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION No. 56/2013 New Delhi, the 29th day of July, 2013 S.O. 2311(E) - In exercise of the powers conferred by the proviso to sub-section (2) of section 194LD of… Read More

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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

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