Reserve Bank of India

RBI/2019-20/240
DOR.No.Ret.BC.74/12.01.001/2019-20

May 22, 2020

All Scheduled and Non Scheduled Banks

Dear Sir / Madam

Change in Bank Rate

Please refer to our circular DBR.No.Ret.BC.53/12.01.001/2019-20 dated March 27, 2020 on the captioned subject.

2. As announced in the Monetary Policy Statement 2020-21 dated May 22, 2020, the Bank Rate is revised downwards by 40 basis points from 4.65 per cent to 4.25 per cent with immediate effect.

3. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised as indicated in the Annex.

Yours faithfully,

(Dr.S.K.Kar)
Chief General Manager

Encl. : As above

Annex

Penal Interest Rates which are 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 (7.65 per cent) or Bank Rate plus 5.0 percentage points (9.65 per cent). Bank Rate plus 3.0 percentage points (7.25 per cent) or Bank Rate plus 5.0 percentage points (9.25 per cent).

—————————-

Reserve Bank of India

RBI/2019-20/238
REF.No.MPD.BC.391/07.01.279/2019-20

May 22, 2020

All Primary Dealers,

Standing Liquidity Facility for
Primary Dealers

In the Monetary Policy Statement 2020-21 dated May 22, 2020, the policy repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 40 basis points to 4.00 per cent from 4.40 per cent with immediate effect.

2. Accordingly, the Standing Liquidity Facility provided to Primary Dealers (PDs) (collateralised liquidity support) from the Reserve Bank would be available at the revised repo rate of 4.00 per cent with effect from May 22, 2020.

Yours faithfully,

(Deba Prasad Rath)
Adviser

———-

Reserve Bank of India

RBI/2019-20/237
FMOD.MAOG.No.142/01.01.001/2019-20

May 22, 2020

All Liquidity Adjustment Facility (LAF) participants

Madam/Sir,

Liquidity Adjustment Facility – Repo and Reverse Repo Rates

As announced in the Monetary Policy Statement, 2020-21, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 40 basis points from 4.40 per cent to 4.00 per cent with immediate effect.

2. Consequently, the Reverse Repo rate under the LAF stands adjusted to 3.35 per cent with immediate effect.

3. All other terms and conditions of the extant LAF Scheme will remain unchanged.

Yours sincerely,

(Radha Shyam Ratho)
Chief General Manager

———————–

Reserve bank of India

RBI/2019-20/236
FMOD.MAOG.No.143/01.18.001/2019-20

May 22, 2020

All Marginal Standing Facility (MSF) participants

Madam/Sir,

Marginal Standing Facility

As announced in the Monetary Policy Statement, 2020-21 today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 40 basis points from 4.40 per cent to 4.00 per cent with immediate effect.

2. Consequently, the Marginal Standing Facility (MSF) rate stands adjusted from 4.65 per cent to 4.25 per cent with immediate effect.

3. All other terms and conditions of the extant MSF scheme will remain unchanged.

Yours sincerely

(Radha Shyam Ratho)
Chief General Manager

———————-

 

More Under Fema / RBI

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

October 2020
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031