P&H High Court: Re-Investigation Cannot Nullify Existing Acquittal Despite Breach of Stay Order || Gujarat HC: Illegal Mining Vehicle Complaints Must Be Filed Before Sessions Court, Not Magistrate || Delhi High Court Lays Down Registry Directions for Dealing with Insufficiently Stamped Arbitral Award || Delhi High Court: Victims Need No Leave to Appeal Acquittal or Conviction for Lesser Offence || SC: Limitation Act Inapplicable to Revisions under Karnataka Land Revenue Act || SC: Banks Can Invoke SARFAESI for Loans Acquired from NBFCs Outside the Act || SC: Gujarat Prohibition Act Does not Bar Interim Seized Vehicle Release || Supreme Court Quashes Rs. 425-Crore Customs Penalty Based on AI-Generated Fake Case Laws || SC: Guilt cannot be Presumed Solely Due to Collusion Allegations against Investigating Officer || SC: Clarificatory Statement Does Not Constitute a Binding Undertaking for Contempt Proceedings

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 :