Kerala HC: Must Provide Detenue with Legible and Readable Copies || Delhi HC: If Security Clearance Cancelled for National Security Court Can’t Second Guess it || HP HC: Mere Use of Encroached Land Doesn’t Make a Person Necessary Party || Bombay HC: Can’t Ask Husband to Pay Instalments for Under Construction Flat || Delhi HC: State Delaying in Challenging Orders is a Setback to Victim’s Pursuit of Justice || Patna HC Sets Aside Conviction of Juvenile-in-Conflict with Law || Ker HC: Daughter of Hindu Who Dies after 20.12.2004 is entitled to Equal Share in Ancestral Property || SC: Cannot Grant Anticipatory Bail in NDPS Matters || MP HC Sets Aside Order Recognising Saif Ali Khan & Family as Heirs of Nawab of Bhopal's Properties || Supreme Court Agrees to Hear Petitions Challenging Bihar Electoral Roll Revision on July 10

Change in Bank Rates- (Reserve Bank of India) (08 Feb 2023)

MANU/RMIC/0014/2023

Banking

1. Please refer to circular DOR.RET.REC.88/12.01.001/2022-23 dated December 07, 2022 on the captioned subject.

2. As announced in the Monetary Policy Statement 2022-23 dated February 08, 2023, the Bank Rate is revised upwards by 25 basis points from 6.50 per cent to 6.75 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.

Applicability

4. This circular is applicable to all the banks.

Tags : CHANGE BANK RATE MONETARY POLICY

Share :