Tuesday, 1 March 2016

Latest Rates for CRR, SLR, Bank Rate, Cash Reserve Ratio

Latest Important Policy Rates in Indian Banking - 2016

Bank Rate* 
7.75% (w.e.f. 29/09/2015) 
Decreased  from 8.25% which was continuing since 02/06/2015 
Cash Reserve Ratio (CRR) 4.00% (wef   09/02/2013) -announced on 29/01/2013 Decreased from 4.25%which was continuing since 30/10/2012 
Statutory Liquidity Ratio (SLR) 
21.50%(w.e.f. 07/02/2015)(announced on 03/02/2015)  
Decreased from 22.00% which was continuing since 09/08/2014 

[* Remember Bank Rate is not the same thing as Deposit Rates offered by banks for fixed deposits and recurring deposits.    If you are a non banker and have landed on this page while looking at Deposit Rates, please click here to go to correct page i.e.   Best Deposit Rates offered by banks for fixed deposits]

  Update on 29th September 2015 : RBI cuts Repo Rate by 50 bps.   New policy rates are :  Repo rate under the liquidity adjustment facility (LAF) to be 6.75%;  the Reverse repo rate to be 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate at 7.75%.  CRR continues to be at 4%   as per RBI announcement on Fourth Bi-monthly Monetary Policy Statement for 2015-16 29th September 29, 2015

Repo Rate under LAF

(w.e.f. 29/09/2015)

Decreased  from 7.25% which was continuing since 02/06/2015 

Reverse Repo Rate under LAF **5.75%
(w.e.f. 29/09/2015)

Decreased  from 6.25% which was continuing since 02/06/2015 
Marginal Standing Facility (MSF) ***7.75%  (w.e.f. 29/09/2015)Decreased  from 8.25% which was continuing since 02/06/2015

**Reverse Report rate was an independent rate till 03/05/2011.  However, in the monetary policy announced on 03/05/2011, RBI has decided that now onwards the Reverse Repo Rate will not be announced separately, but will be linked to Repo rate and it will always be 100 bps below the Repo rate (till RBI decides to delink the same)

** The concept of Marginal Standing Facility was announced by RBI wef 03/05/2011 (However implemented wef 09/05/2011).  At that time it was decided that Marginal Standing Facility i.e. MSF rate will be linked to Repo rate and will be 100 bps above the Repo Rate (till RBI decides to change the same).   WEF  15/07/2013, RBI has announced that from now onwards the  MSF Rate will be 300 basis points above the Repo Rate.   Once again MSF rates were revised wef 20/09/2013 to 9.50%, which is 200 bps above the Repo Rate,    

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