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Change in Bank Rate - RBI - RBI/2019-2020/36 DBR.No.Ret.BC.10/12.01.001/2019-20

Extract

..... RBI/2019-20/36 DBR.No.Ret.BC.10/12.01.001/2019-20 August 07, 2019 The Chairperson / CEOs of all Scheduled and Non Scheduled Banks Dear Sir / Madam Change in Bank Rate Please refer to our circular DBR.No.Ret.BC.44/12.01.001/2018-19 dated June 06, 2019 .....

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Change in Bank Rate - RBI

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..... e linked to the Bank Rate Item Existing Rate Revised Rate (With immediate effect) Penal interest rates on shortfalls in reserve requirements (depending on duration of shortfalls). Bank Rate plus 3.0 percentage points (9.00 per cent) or Bank Rate plus .....

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Change in Bank Rate - RBI

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