https://www.taxtmi.com/circulars?id=62119 Bank Rate is revised downward by 35 basis points to 5.65 per cent with immediate effect and becomes the reference rate for regulatory purposes. Penal interest rates on shortfalls in reserve requirements linked to the Bank Rate are revised accordingly: Bank Rate plus 3.0 percentage points (8.65 per cent) or Bank Rate plus 5.0 percentage points (10.65 per cent), applied depending on the duration of the shortfalls. en-us Wed, 07 Aug 2019 00:00:00 +0530 Thu, 08 Aug 2019 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62119 Bank Rate is revised downward by 35 basis points to 5.65 per cent with immediate effect and becomes the reference rate for regulatory purposes. Penal interest rates on shortfalls in reserve requirements linked to the Bank Rate are revised accordingly: Bank Rate plus 3.0 percentage points (8.65 per cent) or Bank Rate plus 5.0 percentage points (10.65 per cent), applied depending on the duration of the shortfalls. Circulars RBI Wed, 07 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62119