RRBS/StCBs/CCBs - Bank Rate - RBI - Reserve Bank of India
RRBS/StCBs/CCBs - Bank Rate
RBI/2013-14/317 October 08, 2013 The Chairmen/Chief Executive Officers, Dear Sir/Madam, Bank Rate As announced in the Press Release 2013-2014/728 dated October 07, 2013, the Bank Rate stands adjusted by 50 basis points from 9.5 per cent to 9.0 per cent with effect from October 07, 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
|