(Per cent)

Bank Rate

Cash Reserve Ratio*

Rate

Effective date

Rate

Effective date

Rate

Effective date

1

2

3

4

5

6

3.5

05-07-1935

(a) 5% of DL

05-07-1935

13.50

27-04-1996

3.0

28-11-1935

(b) 2% of TL

13.00

11-05-1996

3.5

15-11-1951

(a) 5% of DL

06-03-1960

12.00

06-07-1996

4.0

16-05-1957

(b) 2% of TL @

11.50

26-10-1996

4.5

03-01-1963

(a) 5% of DL

06-05-1960

11.00

09-11-1996

5.0

26-09-1964

(b) 2% of TL @

10.50

04-01-1997

6.0

17-02-1965

(a) 5% of DL

11-11-1960

10.00

18-01-1997

5.0

02-03-1968

(b) 2% of TL

9.75

25-10-1997

6.0

09-01-1971

3.00

16-09-1962

9.50

22-11-1997

7.0

31-05-1973

5.00

29-06-1973

10.00

06-12-1997

9.0

23-07-1974

6.00

08-09-1973

10.50

17-01-1998

10.0

12-07-1981

7.00

22-09-1973

10.25

28-03-1998

11.0

04-07-1991

5.00

01-07-1974

10.00

11-04-1998

12.0

09-10-1991

4.50

14-12-1974

11.00

29-08-1998

11.0

16-04-1997

4.00

28-12-1974

10.50

13-03-1999

10.0

26-06-1997

5.00

04-09-1976

10.00

08-05-1999

9.0

22-10-1997

6.00

13-11-1976

9.50

@@

06-11-1999

11.0

17-01-1998

6.00 @

14-01-1977

9.00

20-11-1999

10.5

19-03-1998

6.00 @

01-07-1978

8.50

08-04-2000

10.0

03-04-1998

6.00 @

05-06-1979

8.00

22-04-2000

9.0

29-04-1998

6.50

31-07-1981

8.25

29-07-2000

8.0

02-03-1999

7.00

21-08-1981

8.50

12-08-2000

7.0

02-04-2000

7.25

27-11-1981

8.25

24-02-2001

8.0

22-07-2000

7.50

25-12-1981

8.00

10-03-2001

7.5

17-02-2001

7.75

29-01-1982

7.50

19-05-2001

7.0

02-03-2001

7.25

09-04-1982

5.75

03-11-2001

6.5

23-10-2001

7.00

11-06-1982

5.50

29-12-2001

6.25

30-10-2002

7.50

27-05-1983

5.00

01.06.2002

6.0

30-04-2003

8.00

29-07-1983

4.75

16.11.2002

8.50

27-08-1983

4.50

14.06.2003

8.50 @

12-11-1983

4.75

18-09-2004

9.00 @

04-02-1984

5.00

02-10-2004

9.00 @

27-10-1984

9.00 @

01-12-1984

9.00 @

26-10-1985

9.00 @

22-11-1986

9.50 @

28-02-1987

9.50 @

23-05-1987

10.00 @

24-10-1987

10.00 @

23-04-1988

10.50 @

02-07-1988

11.00 @

30-07-1988

15.00 @

01-07-1989

15.00 @

04-05-1991

15.00 @

11-01-1992

15.00 @

(21-04-1992) ^

15.00 @

08-10-1992

14.50

17-04-1993

14.00

15-05-1993

14.50

11-06-1994

14.75

09-07-1994

15.00

06-08-1994

14.50

11-11-1995

14.00

09-12-1995

(Per cent)

Statutory Liquidity Ratio**

Reverse Repo Rate##

Repo Rate##

Rate

Effective date

Rate

Effective date

Rate

Effective date

7

8

9

10

11

12

20.00

16-03-1949

7.00

10-07-2000

9.05

05-06-2000

25.00

16-09-1964

8.00

24-07-2000

9.00

07-06-2000

26.00

05-02-1970

8.25

03-08-2000

9.05

09-06-2000

27.00

24-04-1970

11.50

04-08-2000

9.25

12-06-2000

28.00

28-08-1970

12.50

07-08-2000

9.55

13-06-2000

29.00

04-08-1972

14.00

08-08-2000

10.85

14-06-2000

30.00

17-11-1972

15.50

09-08-2000

13.50

19-06-2000

32.00

08-12-1973

15.00

10-08-2000

14.00

20-06-2000

33.00

01-07-1974

14.50

14-08-2000

13.50

21-06-2000

34.00

01-12-1978

14.25

30-08-2000

13.00

22-06-2000

34.50

25-09-1981

13.50

31-08-2000

13.05

23-06-2000

35.00

30-10-1981

12.00

04-09-2000

12.60

27-06-2000

35.50

28-07-1984

11.00

07-09-2000

12.25

28-06-2000

36.00

01-09-1984

10.50

08-09-2000

9.00

13-07-2000

36.50

08-06-1985

10.00

11-09-2000

10.00

21-07-2000

37.00

06-07-1985

10.00

15-09-2000

16.00

09-08-2000

37.50

25-04-1987

9.75

03-10-2000

15.00

30-08-2000

38.00

02-01-1988

9.50

04-10-2000

13.50

06-09-2000

38.50

22-09-1990

9.25

05-10-2000

10.25

13-10-2000

38.50

+ #

(29-02-1992) ^

9.00

06-10-2000

10.00

06-11-2000

38.25

+

09-01-1993

8.75

09-10-2000

9.00

09-03-2001

38.00

+

06-02-1993

8.50

10-10-2000

8.75

30-04-2001

37.75

+

06-03-1993

8.25

24-10-2000

8.50

07-06-2001

37.50

+

21-08-1993

8.00

25-10-2000

8.00

28-03-2002

37.25

+

18-09-1993

7.50

20-02-2001

7.50

12-11-2002

34.75

^^ $

16-10-1993

7.00

02-03-2001

7.10

07-03-2003

34.25

^^

20-08-1994

6.75

27-04-2001

7.00

19-03-2003

33.75

^^

17-09-1994

6.50

28-05-2001

6.00

31-03-2004

31.50

! &

29-10-1994

6.00

05-03-2002

6.25

26-10-2005

25.00

25-10-1997

5.75

27-06-2002

6.50

24-01-2006

5.50

30-10-2002

5.00

03-03-2003

4.50

25-08-2003

4.75

27-10-2004

5.00

29-04-2005

5.25

26-10-2005

5.50

24-01-2006

CRR:Cash Reserve Ratio.
SLR:Statutory Liquidity Ratio.
DL:Demand Liabilities.
TL:Time Liabilities.
*:Data for CRR are as percentage of domestic net demand and time liabilities (NDTL) as per
Section 42 of the RBI Act, 1934.
**:Till March 29, 1985, banks were required to maintain SLR as a prescribed proportion of gross
DTL as on every Friday in the following week on a daily basis. Thereafter, it is maintained daily on
a fortnightly basis as a prescribed portion of net DTL as on last Friday of second preceding fortnight.
Data pertain only to domestic deposits.
@:Excluding additional reserve requirements or release/exemption of CRR on incremental NDTL.
^:Refers to announcement dates.
+:SLR on NDTL as on April 3, 1992.
#:In addition, there was 30% SLR on the increase in NDTL over April 3, 1992 level.
^^:SLR on NDTL as on September 17, 1993.
$:In addition, there was 25% SLR on the increase in NDTL over September 17, 1993 level.
!:SLR on NDTL as on September 30, 1994.
&:In addition, there was 25% SLR on the increase in NDTL over September 30, 1994 level.
@@:In order to improve cash management by banks, effective from the fortnight, CRR is required
to be maintained by every scheduled commercial bank based on its NDTL as on the last Friday of
the second preceding fortnight.
##:With effect from October 29, 2004, nomenclature of repo and reverse repo has been interchanged
as per international usage. Prior to that date, repo indicated absorption of liquidity, while reverse
repo meant injection of liquidity.
Effective October 29, 2004, repo indicates injection of liquidity and reverse repo indicates absorption of liquidity.
The nomenclature in this Table is based on the new use of terms even for the period prior to October 29,2004.
The reverse repo and repo rates in this Table pertain to the period since the introduction of the
Liquidity Adjustment Facility on June 5, 2000.