Reserve requirement

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

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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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

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

StCBs/RRBs – Change in Daily Minimum Cash Reserve Maintenance Requirement

RBI/2013-14/160 RPCD.CO.RRB.No. 16/03.05.33/2013-14 July 24, 2013 All Scheduled State Cooperative Banks/ 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 Press Release 2013-2014/154 dated July 23, 2013 announcing additional measures to address exchange market volatility. 2. As mentioned therein, currently,… Read More

Tags: CRRFortnightGeneral managerJuly 27 2013Reserve Bank of IndiaReserve Bank of India ActReserve requirementRun batted in

UCBs – Change in Daily Minimum Cash Reserve Maintenance Requirement

RBI/2013-14/159 UBD.BPD. (SCB). CIR. No. 1 /12.03.000/2013-14 July 24, 2013 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Madam/Dear Sir, Section 42(1) of the  Reserve Bank of India Act, 1934 Change in Daily Minimum Cash Reserve Maintenance Requirement Please refer to Press Release 2013-2014/154 dated July 23, 2013, announcing additional measures to address foreign… Read More

Tags: BankForeign exchange marketFortnightGeneral managerReserve Bank of IndiaReserve requirementRun batted inUrban area

Section 42(1) of the Reserve Bank of India Act, 1934 – Change in Daily Minimum Cash Reserve Maintenance Requirement

RBI/2013-14/154 DBOD.No.Ret.BC.35/12.01.001/2013-14 July 23, 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 Press Release 2013-2014/154 dated July 23, 2013 announcing additional measures to address exchange market volatility. 2. As mentioned therein,… Read More

Tags: BankCommercial bankCRRGeneral managerReserve Bank of IndiaReserve Bank of India ActReserve requirementRun batted in

RBI Announces Liquidity Adjustment Facility

Over the last two months, the Reserve Bank of India (RBI) has undertaken several measures to contain the volatility in the foreign exchange market. Among them, some measures intended to check excessive speculation adding to undue volatility in market conditions were instituted vide the RBI's Press Release No.2013-2014/100 dated July 15, 2013. These measures have had… Read More

Tags: Exchange rateForeign exchange marketFridayLiquidity Adjustment FacilityrbiReserve Bank of IndiaReserve requirementRun batted in

RBI announces Additional measures to address Exchange Market Volatility

Over the last two months, the Reserve Bank of India (RBI) has undertaken several measures to contain the volatility in the foreign exchange market. Among them, some measures intended to check excessive speculation adding to undue volatility in market conditions were instituted vide the RBI's Press Release No.2013-2014/100 dated July 15, 2013. These measures have had… Read More

Tags: Exchange rateForeign exchange marketFridayLiquidity Adjustment FacilityrbiReserve Bank of IndiaReserve requirementRun batted in

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

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

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RBI Working Paper Series 4 /2013 Monetary Policy Transmission Faster When Monetary System is in Deficit Mode

The Reserve Bank of India today placed on its website a Working Paper titled Financial Development and Monetary Policy Transmission across Financial Markets: What Do Daily Data tell for India? under the RBI Working Paper Series. The paper has been authored by Dr. Partha Ray and Shri Edwin Prabu. Developed and integrated financial markets are… Read More

Tags: Economic growthIndiaInflationMonetary policyReserve BankReserve Bank of IndiaReserve 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

Tags: Bank RateBasis pointCommercial bankInterestMonetary policyPercentagePercentage pointReserve requirement

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