RBI Instruction to UCBs on the change of bank rates
RBI/2012-13/451 UBD.BPD.(PCB).Cir.No. 44/16.11.00/2012-13 March 19, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam/Dear Sir, Bank Rate Please refer to our circular UBD.BPD.(PCB).Cir.No.35/16.11.00/2011-12 dated January 30, 2013 on the captioned subject. As announced in the Mid-Quarter Review of Monetary Policy 2012-13, the Bank Rate stands adjusted by 25 basis points from 8.75 per cent to… Read More
Tags: Bank, Bank Rate, Basis point, March 19 2013, Monetary policy, Percentage, Reserve Bank of India, Urban area
Penal Interest Rates which are linked to the Bank Rate
RBI/2012-13/449 DBOD.No.Ret.BC.84 /12.01.001/2012-13 March 19, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Mid-Quarter Review of Monetary Policy 2012-13, the Bank Rate stands adjusted by 25 basis points from 8.75 per cent to 8.50 per cent with effect from March 19, 2013. 2. All penal interest rates… Read More
Tags: Bank Rate, Basis point, India, Interest rate, Monetary policy, Percentage, Reserve Bank of India, Reserve requirement
RBI’s Standing Liquidity Facilities for Banks and Primary Dealers based on new Repo rates
Standing Liquidity Facilities for Banks and Primary Dealers RBI/2012-13/446 MPD.BC.362/07.01.279/2012-13 Phalguna 28, 1934 (S) March 19, 2013 To All Scheduled Banks [excluding Regional Rural Banks(RRBs) ] and Primary Dealers Dear Sir/Madam, Standing Liquidity Facilities for Banks and Primary Dealers Please refer to the Mid Quarter Monetary Policy Review: March 2013 dated March 19, 2013, in… Read More
Tags: Basis point, Central bank, Liquidity Adjustment Facility, Market liquidity, Monetary policy, Regional Rural Bank, Repurchase agreement, Special Export Credit Refinance
RBI reduces Repo rates under the Liquidity Adjustment Facility by 25 basis points
RBI/2012-2013/447 FMD.MOAG. No. 76 /01.01.01/2012-13 March 19, 2013 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Madam / Sir, Liquidity Adjustment Facility Repo and Reverse Repo and Marginal Standing Facility Rates As announced today in the Mid-Quarter Review of the Monetary Policy 2012-13, it has been decided to reduce the Repo rate under the… Read More
Tags: Basis point, Commercial bank, LAF, Liquidity Adjustment Facility, Monetary policy, Percentage, Repurchase agreement, Reserve Bank of India
Mid-Quarter Review of Monetary Policy 2012-2013 : To be released at 11.00 a.m. on RBI Website on March 19, 2013
The Reserve Bank of India will release the next Mid-Quarter Review of Monetary Policy 2012-13 at 11.00 a.m. on March 19, 2013. The Review will be by way of a press release and will be placed on the Reserve Bank's website (www.rbi.org.in). R.R. Sinha Deputy General Manager Press Release: 2012-2013/1540 Read More
Tags: Monetary policy, Reserve Bank of India
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