Tuesday, 9 August 2016

RBI Third Bi-Monthly Monetary policy 2016-17 Important Highlights

Dear Readers, Good news for you Today that Reserve Bank of India (RBI) has published its 3rd Bi-monthly Monetary Policy Statement for financial year 2016-17. So, now we are presenting you a short notes (study notes) on Current Bank Rates after Third Bi-monthly Policy 2016-17 which is very important for your all upcoming bank exams in India.
You Read our Banking Awareness Study notes very carefully. The present Current Rates/Bank Rates (Policy Rates, Reserve Ratios and Lending/Deposit Rates) are given as below.

Current Rates (According to RBI third bi-monthly monetary policy: Key highlights (Updated as on 09.08.2016)Previous RBI Second bi-monthly monetary policy: Key highlights Policy Rates
Policy RatesStatus
Policy Repo Rate6.50%Unchanged
Reverse Repo Rate6.00%Unchanged
Marginal Standing Facility Rate (MSF)7.00%Unchanged
Bank Rate7.00%
Reserve Ratios
Cash Reserve Ratio (CRR)4%Unchanged
Statutory Liquidity Ratio (SLR)21.25%Unchanged
Lending / Deposit Rates
Base Rate9.30% – 9.70%
Savings Deposit Rate4.00%
Term Deposit Rate > 1 Year7.00% – 7.50%

Check RBI Third Bi-Monthly Monetary policy 2016-17 Important Highlights from Official website. 
As given here.

Below you check Today (10th August Rajasthan Patrika News regarding Important Highlights RBI 3rd Monetary Policy

Aug 09, 2016
Third Bi-monthly Policy Statement for the year 2016-17
Audio Recording of Governor's Press Conference
Governor’s Opening Statement to the Post-Policy Press Conference, August 9, 2016
Webcasting of Governor's Press Conference
Statement by Dr. Raghuram Rajan, Governor, Reserve Bank of India on the Third Bi-monthly Monetary Policy for the Year 2016-17

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