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Notifications & Circulars

StCBs/RRBs - Bank Rate
Notice Date : 29 January 2013

 

RBI/2012-13/407
RPCD.CO.RRB.RCB.BC. No.62/03.05.33/2012-13

January 29, 2013

 

The Chairmen/Chief Executive Officers,

All Regional Rural Banks / State and Central Co-operative Banks

 

Dear Sir,

 

Bank Rate

 

As announced in the Third Quarter Review of Monetary Policy 2012-13, the Bank Rate stands adjusted by 25 basis points from 9.00 per cent to 8.75 per cent with effect from January 29, 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.

 

Yours faithfully

(C. D. Srinivasan)
Chief General Manager

Encl: as above

Notification No : RBI/2012-13/407
Source : ,
Posted on 01 February 2013



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