Latest Crr, Slr, Msf, Depository Fiscal Establishment Rate, Repo Rate, Rev Repo Rates 2019

Friends, hither is the listing of present RBI Rates (CRR, SLR, MSF, Bank Rate, Repo Rate, Rev Repo Rates) along amongst the respective dates equally on seventh Feb 2019. If y’all convey whatever confusion regarding  the terminology mentioned below, y’all tin refer to the detailed brusk notes given at the halt of the table. Hope it volition live helpful for your upcoming competitive exams (especially for SBI Clerks, POs,  IBPS PO VI together with Clerks VI Online Exams). All the Best 🙂

Current RBI Policy Rates 2016

S. No
Rates / Reserve Ratios
%
W.e.f
1
Bank Rate
6.50 %
7th Feb 2019

2
Repo Rate
6  %
7th Feb 2019

3
Reverse Repo Rate
5.75 %
7th Feb 2019

4
Cash Reserve Ratio (CRR)
4.00%
9th Feb 2013
5
Statutory Liquidity Ratio (SLR)
19.25 %
7th Feb 2019

6
Marginal Standing Facility (MSF)
6.50 %
7th Feb 2019

 

Explanations :

Bank Rate

Bank rate, also referred to equally the discount rate, is the charge per unit of measurement of involvement which a cardinal depository fiscal establishment charges on the loans together with advances that it extends to commercial banks together with other fiscal intermediaries. Changes inward the depository fiscal establishment charge per unit of measurement are oftentimes used past times cardinal banks to command the coin supply.

Repo Rate

Repo charge per unit of measurement is the charge per unit of measurement at which our banks borrow rupees from RBI. Whenever the banks convey whatever shortage of funds they tin borrow it from RBI. A reduction inward the repo charge per unit of measurement volition manage banks to teach coin at a cheaper rate. When the repo charge per unit of measurement increases, borrowing from RBI becomes to a greater extent than expensive.

Reverse Repo Rate

This is exact reverse of Repo rate. Reverse Repo charge per unit of measurement is the charge per unit of measurement at which Reserve Bank of Republic of Republic of India (RBI) borrows coin from banks. RBI uses this tool when it feels at that spot is besides much coin floating inward the banking system. Banks are ever happy to lend coin to RBI since their coin is inward security hands amongst a proficient interest. An increment inward Reverse repo charge per unit of measurement tin movement the banks to transfer to a greater extent than funds to RBI due to this attractive involvement rates.

CRR

Cash reserve Ratio (CRR) is the sum of funds that the banks convey to teach out along amongst RBI. If RBI decides to increment the percent of this, the available sum amongst the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive coin from the banks.

SLR

SLR (Statutory Liquidity Ratio) is the sum a commercial depository fiscal establishment needs to hold inward the cast of cash, or gilt or govt. approved securities (Bonds) earlier providing credit to its customers. SLR charge per unit of measurement is determined together with maintained past times the RBI (Reserve Bank of India) inward club to command the expansion of depository fiscal establishment credit. SLR is determined equally the per centum of full demand together with per centum of fourth dimension liabilities. Time Liabilities are the liabilities a commercial depository fiscal establishment liable to pay to the customers on their anytime demand. SLR is used to command inflation together with propel growth. Through SLR charge per unit of measurement tuning the coin furnish inward the organisation tin live controlled efficiently.

Marginal Standing Facility (MSF)

Marginal Standing Facility (MSF) is the charge per unit of measurement at which scheduled banks could borrow funds overnight from the Reserve Bank of Republic of Republic of India (RBI) against approved authorities securities. The basic divergence betwixt Repo together with MSF scheme is that inward MSF banks tin role the securities nether SLR to teach loans from RBI together with thus MSF charge per unit of measurement is 1% to a greater extent than than repo rate.
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