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        RBI

        Change in Bank Rate

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        Bank Rate reduction announced; penal interest rates linked to it revised for reserve requirement shortfalls, effective immediately. Bank Rate adjusted downward by 25 basis points to 6.75%, effective October 04, 2016, and penal interest rates linked to shortfalls in reserve requirements revised accordingly, with revised penal charges specified in the annex and applicable depending on the duration of shortfalls.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            Bank Rate reduction announced; penal interest rates linked to it revised for reserve requirement shortfalls, effective immediately.

                            Bank Rate adjusted downward by 25 basis points to 6.75%, effective October 04, 2016, and penal interest rates linked to shortfalls in reserve requirements revised accordingly, with revised penal charges specified in the annex and applicable depending on the duration of shortfalls.


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