RRBs - Bank Rate increased - ଆରବିଆଇ - Reserve Bank of India
RRBs - Bank Rate increased
RBI/2013-14/146 July 15 , 2013 The Chairmen/Chief Executive Officers, 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 July 15, 2013. 2. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised as indicated in Annex. 3. 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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