Supreme Court: Foreign Companies’ Head Office Expenses in India are Capped under Section 44C  ||  SC Directs Trial Courts to Systematically Catalogue Witnesses and Evidence in Criminal Judgments  ||  SC Calls For Sensitising Future Generations on Equality in Marriage to Combat Dowry Practices  ||  SC: Separate Suits Against Confirmed Auction Sales are Barred; Remedy Available under Sec 47  ||  NCLT Mumbai: Oppression Claims Against Majority Shareholders Do not Justify Winding up a Company  ||  J&K&L HC Rules it Illegal and Inequitable to Deny Regularisation to a Daily Wager After 34 Years  ||  J&K&L High Court: Revisional Powers Must Be Used Within Reasonable Time; Merits Don’t Justify Delay  ||  Supreme Court: Compassionate Appointees Cannot Later Claim Entitlement to a Higher Post  ||  NCLAT New Delhi: Insolvency Pleas Cannot Be Admitted When Information Utility Records Show a Dispute  ||  NCLAT: Issuing Cheques For Another Entity’s Liabilities Does not Constitute Operational Debt    

Repo rate cut by 50 basis points to 6.75 per cent- (Reserve Bank of India) (29 Sep 2015)

MANU/RMIC/0360/2015

Banking

The Reserve Bank of India lowered the rate at which it lends money to banks by 50 basis points, from 7.25 per cent to 6.75 per cent. However, no changes were made to the 4 per cent Credit Reserve Ratio or 21.5 per cent Statutory Lending Rate. The Bank also revised its growth target for the 2015-2016 Financial Year from 7.6 per cent to 7.4 per cent.

Relevant : Bank Rate adjusted MANU/RMIC/0361/2015

Tags : RBI   REPO   RATE   CUT  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved