{"id":2678,"date":"2022-05-06T10:23:34","date_gmt":"2022-05-06T10:23:34","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=2678"},"modified":"2022-05-06T10:23:55","modified_gmt":"2022-05-06T10:23:55","slug":"change-in-bank-rate","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/change-in-bank-rate\/","title":{"rendered":"Change in Bank Rate"},"content":{"rendered":"\n<p class=\"has-text-align-right\">May 04, 2022<\/p>\n\n\n\n<p>All Banks<br>Madam\/Sir,<\/p>\n\n\n\n<p>Please refer to our circular DOR.No.Ret.BC.74\/12.01.001\/2019-20 dated May 22, 2020 on the captioned subject.<\/p>\n\n\n\n<p>2. As announced in the Monetary Policy Statement 2022-23 dated May 04, 2022, the Bank Rate is revised upwards by 40 basis points from 4.25 per cent to 4.65 per cent with immediate effect.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p class=\"has-text-align-right\">Yours faithfully,<\/p>\n\n\n\n<p class=\"has-text-align-right\"><br>(Prakash Baliarsingh)<br>Chief General Manager<\/p>\n\n\n\n<p>To Read More&#8230;.<br>Click the link below&#8230;.<\/p>\n\n\n\n<p><strong>Notification :<\/strong> <a href=\"https:\/\/www.dropbox.com\/s\/wlv7v7o8revcull\/Change%20in%20Bank%20Rate.PDF?dl=0\">https:\/\/www.dropbox.com\/s\/wlv7v7o8revcull\/Change%20in%20Bank%20Rate.PDF?dl=0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>May 04, 2022 All BanksMadam\/Sir, Please refer to our circular DOR.No.Ret.BC.74\/12.01.001\/2019-20 dated May 22, 2020 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated May 04, 2022, the Bank Rate is revised upwards by 40 basis points from 4.25 per cent to 4.65 per cent with immediate effect. 3. All [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":48,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,14],"tags":[34],"class_list":["post-2678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-notifications","category-rbi","tag-rbi"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/2678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=2678"}],"version-history":[{"count":1,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/2678\/revisions"}],"predecessor-version":[{"id":2679,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/2678\/revisions\/2679"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/48"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=2678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=2678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=2678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}