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Document - Table 43 : Major Monetary Policy Measures - Bank Rate, CRR & SLR () or PDF - Table 43 : Major Monetary Policy Measures - Bank Rate, CRR & SLR ()
Date : Aug 31, 2004
Table 43 : Major Monetary Policy Measures - Bank Rate, CRR & SLR
Bank Rate   Cash Reserve Ratio *   Statutory Liquidity Ratio **
Rate Effective date   Rate   Effective date   Rate   Effective date  
1 2   3   4   5   6  
3.5 05-07-1935   (a) 5% of DL   05-07-1935   20.00   16-03-1949  
      (b) 2% of TL              
3.0 28-11-1935   (a) 5% of DL   06-03-1960          
      (b) 2% of TL @     25.00   16-09-1964  
      (a) 5% of DL   06-05-1960          
      (b) 2% of TL @            
3.5 15-11-1951   (a) 5% of DL   11-11-1960   26.00   05-02-1970  
      (b) 2% of TL       27.00   24-04-1970  
      3.00   16-09-1962   28.00   28-08-1970  
      5.00   29-06-1973          
4.0 16-05-1957   6.00   08-09-1973          
      7.00   22-09-1973   29.00   04-08-1972  
      5.00   01-07-1974   30.00   17-11-1972  
      4.50   14-12-1974          
4.5 03-01-1963   4.00   28-12-1974          
      5.00   04-09-1976   32.00   08-12-1973  
      6.00   13-11-1976          
      6.00 @ 14-01-1977          
5.0 26-09-1964   6.00 @ 01-07-1978   33.00   01-07-1974  
      6.00 @ 05-06-1979          
      6.50   31-07-1981          
      7.00   21-08-1981   34.00   01-12-1978  
6.0 17-02-1965   7.25   27-11-1981          
      7.50   25-12-1981          
      7.75   29-01-1982   34.50   25-09-1981  
      7.25   09-04-1982   35.00   30-10-1981  
5.0 02-03-1968   7.00   11-06-1982          
      7.50   27-05-1983   35.50   28-07-1984  
      8.00   29-07-1983   36.00   01-09-1984  
      8.50   27-08-1983          
6.0 09-01-1971   8.50 @ 12-11-1983          
      9.00 @ 04-02-1984   36.50   08-06-1985  
      9.00 @ 27-10-1984   37.00   06-07-1985  
      9.00 @ 01-12-1984          
7.0 31-05-1973   9.00 @ 26-10-1985          
      9.00 @ 22-11-1986          
      9.50 @ 28-02-1987   37.50   25-04-1987  
      9.50 @ 23-05-1987          
9.0 23-07-1974   10.00 @ 24-10-1987          
      10.00 @ 23-04-1988   38.00   02-01-1988  
      10.50 @ 02-07-1988          
      11.00 @ 30-07-1988          
10.0 12-07-1981   15.00 @ 01-07-1989          
      15.00 @ 04-05-1991   38.50   22-09-1990  
      15.00 @ 11-01-1992          
      15.00 @ (21-04-1992) ^        
11.0 04-07-1991   15.00 @ 08-10-1992   38.50 + # (29-02-1992) ^
      14.50   17-04-1993          
12.0 09-10-1991   14.00   15-05-1993          
      14.50   11-06-1994   38.25 + 09-01-1993  
      14.75   09-07-1994   38.00 + 06-02-1993  
      15.00   06-08-1994   37.75 + 06-03-1993  
11.0 16-04-1997   14.50   11-11-1995   37.50 + 21-08-1993  
      14.00   09-12-1995   37.25 + 18-09-1993  
10.0 26-06-1997   13.50   27-04-1996   34.75 ^^ $ 16-10-1993  
      13.00   11-05-1996          
9.0 22-10-1997   12.00   06-07-1996          
      11.50   26-10-1996   34.25 ^^ 20-08-1994  
      11.00   09-11-1996   33.75 ^^ 17-09-1994  
      10.50   04-01-1997   31.50 ! & 29-10-1994  
11.0 17-01-1998   10.00   18-01-1997          
      9.75   25-10-1997          
10.5 19-03-1998   9.50   22-11-1997   25.00   25-10-1997  
      10.00   06-12-1997          
10.0 03-04-1998   10.50   17-01-1998          
      10.25   28-03-1998          
9.0 29-04-1998   10.00   11-04-1998          
      11.00   29-08-1998          
      10.50   13-03-1999          
      10.00   08-05-1999          
8.0 02-03-1999   9.50 @@ 06-11-1999          
      9.00   20-11-1999          
7.0 02-04-2000   8.50   08-04-2000          
      8.00   22-04-2000          
8.0 22-07-2000   8.25   29-07-2000          
      8.50   12-08-2000          
7.5 17-02-2001   8.25   24-02-2001          
      8.00   10-03-2001          
7.0 02-03-2001   7.50   19-05-2001          
6.5 23-10-2001   5.75   03-11-2001          
6.25 30.10.2002   5.50   29-12-2001          
      5.00   01.06.2002          
      4.75   16.11.2002          
6.0 30.04.2003   4.50   14.06.2003          
CRR Cash Reserve Ratio.  
SLR Statutory Liquidity Ratio.    
 DL Demand Liabilities.  
TL Time Liabilities.       
* Data for CRR are as percentage of domestic net demand and time liabilities (NDTL) as per Section 42 of the RBI Act, 1934.
 ** Till March 29, 1985, banks were required to maintain SLR as a prescribed proportion of gross DTL as on every Friday in the following week on a 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.
Data pertain only to domestic deposits.
 @ Excluding additional reserve requirements or release/exemption of CRR on incremental NDTL.
 ^ Refers to announcement dates.      
 + SLR on NDTL as on April 3, 1992.     
 # In addition, there was 30% SLR on the increase in NDTL over April 3, 1992 level.
 ^^ SLR on NDTL as on September 17, 1993.   
 $ In addition, there was 25% SLR on the increase in NDTL over September 17, 1993 level.
 ! SLR on NDTL as on September 30, 1994.    
& In addition, there was 25% SLR on the increase in NDTL over September 30, 1994 level.
 @@ In order to improve cash management by 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 decided 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. Cash in hand, which will be counted for CRR purpose during the above
period, cannot be treated as eligible asset for SLR purpose simultaneously.