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Latest Important Policy Rates in Indian Banking - 2016
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[* Remember Bank Rate is not the same thing as Deposit Rates offered by banks for fixed deposits and recurring deposits. If you are a non banker and have landed on this page while looking at Deposit Rates, please click here to go to correct page i.e. Best Deposit Rates offered by banks for fixed deposits]
Update on 02nd August 2017 : RBI changes key rates . New policy rates are : Repo rate under the liquidity adjustment facility (LAF) to be 6.00%; the Reverse repo rate to be 5.75%, and the marginal standing facility (MSF) rate to be 6.25% and the Bank Rate at 6.25%. CRR continues to be at 4% as per RBI announcement on Third Bi-monthly Monetary Policy Statement for 2017-18 02nd August,2017
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**Reverse Report rate was an independent rate till 03/05/2011. However, in the monetary policy announced on 03/05/2011, RBI has decided that now onwards the Reverse Repo Rate will not be announced separately, but will be linked to Repo rate and it will always be 100 bps below the Repo rate (till RBI decides to delink the same)
** The concept of Marginal Standing Facility was announced by RBI wef 03/05/2011 (However implemented wef 09/05/2011). At that time it was decided that Marginal Standing Facility i.e. MSF rate will be linked to Repo rate and will be 100 bps above the Repo Rate (till RBI decides to change the same). WEF 15/07/2013, RBI has announced that from now onwards the MSF Rate will be 300 basis points above the Repo Rate. Once again MSF rates were revised wef 20/09/2013 to 9.50%, which is 200 bps above the Repo Rate,
Wants to Know More About MSF - Click Here : What is Marginal Standing Facility or What is MSF?
Wants to Know More About the following:
WHAT IS SLR? WHAT IS CRR? WHAT IS BANK RATE? WHAT IS REPO AND REVERSE REPO
Chronology of Marginal Standing Facility / History of Marginal Standing Facility Chronology of Bank Rate in India / History of Bank Rate Chronology of SLR Rates in India / History of Statutory Liquidity Ratio Rates in India Chronology of CRR Rates in India / History of Cash Reserve Rates in India Chronology of Repo Rates / History of Repo Rates in India Chronology of Reverse Repo Rates in India / History of Reverse Repo Rates in India
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