RBI HISTORY PROJECT
|
BRIEF HISTORY
|
MISCELLANY
|
MUSEUM
|
RBI HOME
   
Chronological
Functional
Home >> Brief History >> Chronology of Events - Chronology of Bankrate, CRR and SLR Changes
 

Chronology of Bankrate, CRR and SLR Changes

Bank Rate

Cash Reserve Ratio*

Statutory Liquidity Ratio**

Rate

Effective Date

Rate

Effective Date

Rate

Effective Date

1

2

1

2

1

2

3.5

5/7/1935

(a)5% of DL

5/7/1935

20

16-03-1949

(b)2% of TL

3

28-11-1935

(a)5% of DL

6/3/1960

 

 

(b)2% of TL @

25

16-09-1964

 

 

(a)5% of DL

6/5/1960

 

 

(b)2% of TL @

3.5

15-11-1951

(a)5% of DL

11/11/1960

26

5/2/1970

(b)2% of TL

27

24-04-1970

 

 

3

16-09-1962

28

28-08-1970

5

29-06-1973

4

16-05-1957

6

8/9/1973

 

 

7

22-09-1973

29

4/8/1972

 

 

5

1/7/1974

30

17-11-1972

4.5

14-12-1974

4.5

3/1/1963

4

28-12-1974

 

 

5

4/9/1976

32

8/12/1973

 

 

6

13-11-1976

 

 

6 @

14-01-1977

5

26-09-1964

6 @

1/7/1978

33

1/7/1974

6 @

5/6/1979

 

 

6.5

31-07-1981

 

 

7

21-08-1981

34

1/12/1978

6

17-02-1965

7.25

27-11-1981

 

 

7.5

25-12-1981

 

 

7.75

29-01-1982

34.5

25-09-1981

7.25

9/4/1982

35

30-10-1981

5

2/3/1968

7 @

11/6/1982

 

 

7.5 @

27-05-1983

35.5

28-07-1984

 

 

8 @

29-07-1983

36

1/9/1984

8.5 @

27-08-1983

6

9/1/1971

8.5 @

12/11/1983

 

 

9 @

4/2/1984

36.5

8/6/1985

 

 

9 @

27-10-1984

37

6/7/1985

9 @

1/12/1984

7

31-05-1973

9 @

26-10-1985

 

 

9 @

22-11-1986

 

 

9.5 @

28-02-1987

37.5

25-04-1987

9.5 @

23-05-1987

9

23-07-1974

10 @

24-10-1987

 

 

10 @

23-04-1988

38

2/1/1988

 

 

10.5 @

2/7/1988

 

 

11 @

30-07-1988

10

12/7/1981

15 @

1/7/1989

 

 

15 @

4/5/1991

38.5

22-09-1990

 

 

15 @

11/1/1992

 

 

15 @

(21-04-1992)

11

4/7/1991

15 @

8/10/1992

38.5 + #

(29-02-1992)

14.5

17-04-1993

12

9/10/1991

14

15-05-1993

 

 

14.5

11/6/1994

38.25 +

9/1/1993

 

 

14.75

9/7/1994

38 +

6/2/1993

15

6/8/1994

37.75 +

6/3/1993

11

16-04-1997

14.5

11/11/1995

37.5 +

21-08-1993

14

9/12/1995

37.25 +

18-09-1993

10

26-06-1997

13.5

27-04-1996

34.75 ^ $

16-10-1993

13

11/5/1996

9

22-10-1997

12

6/7/1996

 

 

11.5

26-10-1996

34.25 ^

20-08-1994

 

 

11

9/11/1996

33.75 ^

17-09-1994

10.5

4/1/1997

31.5 ! &

29-10-1994

11

17-01-1998

10

18-01-1997

 

 

9.75

25-10-1997

10.5

19-03-1998

9.5

22-11-1997

25

25-10-1997

10

6/12/1997

10

3/4/1998

10.5

17-01-1998

 

 

10.25

28-03-1998

9

29-04-1998

10

11/4/1998

11

29-08-1998

 

 

10.5

13-03-1999

 

 

10

8/5/1999

8

2/3/1999

9.5 @@

6/11/1999

 

 

9

20-11-1999

7

2/4/2000

8.5

8/4/2000

 

 

8

22-04-2000

8

22-07-2000

8.25

29-07-2000

 

 

8.5

12/8/2000

7.5

17-02-2001

8.25

24-02-2001

 

 

8

10/3/2001

7

2/3/2001

7.5

19-05-2001

 

 

6.5

23-10-2001

5.75

3/11/2001

6.25

30.10.2002

5.5

29-12-2001

 

 

5

01.06.2002

4.75

16.11.2002

  • DL : Demand Liabilities
  • TL : Time Liabilities
  • Date in brackets refer to announcement dates.
  • *: The data for CRR are as percentage of domestic Net Demand and time liabilities ( NDTL ) which pertain only to domestic deposits.
  • @ : Accompanied with additional reserve requirements of CRR on incremental NDTL.
  • **: Till March 29, 1985 the banks were required to maintain statutory liquidity ratio as a prescribed proportion of gross DTL as on every Friday in the following week on daily basis. Thereafter, it is maintained daily on a fortnightly basis as a prescribed portion of net DTL as on last Friday of second preceding fortnight.  The data pertains only to domestic deposits.
  • + : SLR on net DTL as on April 3, 1992.
  • # : In addition there was 30%  SLR on the increase in net DTL over April 3, 1992 level.
  • ^ : SLR on net DTL as on September 17, 1993.
  • $ : In addition there was 25%  SLR on the increase in net DTL over September 17, 1993  level.
  • ! : SLR on net DTL as on September 30,1994.
  • & : In addition there was 25%  SLR on the increase in net DTL over September 30, 1994 level.
  • @@ : In order to improve the cash management by the banks, effective from the fortnight CRR will be maintained   by every Scheduled Commercial Bank based on its NDTL as on the last Friday of the second preceding   fortnight. Further to facilitate banks to tide over the contingency during the millennium change, it has been  decide to treat cash in hand maintained by banks for compliance of CRR for a limited period of two months  commencing from December 1,1999 to January 31, 2000. The cash in hand which will be counted for CRR  purpose, during the above period cannot be treated as eligible asset for SLR purpose simultaneously.
 
 
 © Reserve Bank of India. All Rights Reserved.