{"id":3216,"date":"2022-10-01T06:01:54","date_gmt":"2022-10-01T06:01:54","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=3216"},"modified":"2022-10-01T06:01:57","modified_gmt":"2022-10-01T06:01:57","slug":"change-in-bank-rate-2","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/change-in-bank-rate-2\/","title":{"rendered":"Change in Bank Rate"},"content":{"rendered":"\n<p class=\"has-text-align-right\">September 30, 2022<\/p>\n\n\n\n<p>Please refer to our circular DOR.RET.REC.59\/12.01.001\/2022-23 dated August 05, 2022 on the captioned subject.<\/p>\n\n\n\n<p>2. As announced in the Monetary Policy Statement 2022-23 dated September 30, 2022, the Bank Rate is revised upwards by 50 basis points from 5.65 per cent to 6.15 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><strong>Applicability<\/strong><\/p>\n\n\n\n<p>4. This circular is applicable to all the banks.<\/p>\n\n\n\n<p>Notification : <a href=\"https:\/\/www.dropbox.com\/s\/gjo8d3vnr745m8x\/Change%20in%20Bank%20Rate.pdf?dl=0\">https:\/\/www.dropbox.com\/s\/gjo8d3vnr745m8x\/Change%20in%20Bank%20Rate.pdf?dl=0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>September 30, 2022 Please refer to our circular DOR.RET.REC.59\/12.01.001\/2022-23 dated August 05, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated September 30, 2022, the Bank Rate is revised upwards by 50 basis points from 5.65 per cent to 6.15 per cent with immediate effect 3. All penal interest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,14],"tags":[34],"class_list":["post-3216","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\/3216","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=3216"}],"version-history":[{"count":1,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/3216\/revisions"}],"predecessor-version":[{"id":3217,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/3216\/revisions\/3217"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/1767"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=3216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=3216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=3216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}