Kerala HC: Ex-CISF Personnel can Buy Liquor from CAPF Canteens || Kerala HC: Accused Can Respond Virtually or in Writing || Kerala HC: No Caste or Lineage Required for Temple Priests || Kerala HC Orders SIT Probe into Sabarimala Gold Loss || Kerala HC Cancels Mohanlal’s Ivory Ownership Certificates || Allahabad High Court : Deceased Farmer’s Odd Jobs Don’t Bar Family from Scheme Benefits || Secured Creditors' Dues Take Priority Over Govt Claims: Allahabad HC on SARFAESI & RDB Acts || Daughter Can’t Claim Mitakshara Father’s Property if He Died Pre-1956 & Son Survives: HC || Gujarat High Court: Sessions Court Can’t Suspend Sentence Just to Allow Revision Filing || Delhi High Court: Non-Combat Security Roles Crucial; Minor Lapse Risks National Safety

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 :