RRBs/StCBs/CCBs- Increase in Bank Rate - ಆರ್ಬಿಐ - Reserve Bank of India
RRBs/StCBs/CCBs- Increase in Bank Rate
RBI/2013-14/475 January 29, 2014 The Chairmen/Chief Executive Officers, Dear Sir/Madam, Bank Rate Please refer to our circular RPCD.CO.RRB.RCB.BC.No.50/03.05.33/2013-14 dated October 30, 2013 on the captioned 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 January 28, 2014, the Bank Rate stands adjusted by 25 basis points from 8.75 per cent to 9.00 per cent with effect from January 28, 2014. 3. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised as indicated in Annex. 4. Please acknowledge receipt to our Regional Office concerned. Yours faithfully (A.Udgata) Encl: as above Penal Interest Rates which are linked to the Bank Rate
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