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Document - Table 46 : Major monetary policy measures - Bank Rate, CRR & SLR () or PDF - Table 46 : Major monetary policy measures - Bank Rate, CRR & SLR ()
Date : Oct 01, 2007
Table 46 : Major monetary policy measures - Bank Rate, CRR & SLR

(Per cent)

Bank Rate

Cash Reserve Ratio *

Statutory Liquidity Rati **

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

3.0

28-11-1935

(b) 2% of TL

 

 

 

 

 

(a) 5% of DL

06-03-1960

 

 

 

 

(b) 2% of TL @

 

 

 

 

 

(a) 5% of DL

06-05-1960

 

 

 

 

(b) 2% of TL @

 

25.00

16-09-1964

3.5

15-11-1951

(a) 5% of DL

11-11-1960

 

 

 

 

(b) 2% of TL

 

 

 

 

 

3.00

16-09-1962

 

 

 

 

5.00

29-06-1973

26.00

05-02-1970

4.0

16-05-1957

6.00

08-09-1973

27.00

24-04-1970

 

 

7.00

22-09-1973

28.00

28-08-1970

 

 

5.00

01-07-1974

 

 

 

 

4.50

14-12-1974

 

 

4.5

03-01-1963

4.00

28-12-1974

 

 

 

 

5.00

04-09-1976

29.00

04-08-1972

 

 

6.00

13-11-1976

30.00

17-11-1972

 

 

6.00 @

14-01-1977

 

 

5.0

26-09-1964

6.00 @

01-07-1978

 

 

 

 

6.00 @

05-06-1979

 

 

 

 

6.50

31-07-1981

32.00

08-12-1973

 

 

7.00

21-08-1981

 

 

6.0

17-02-1965

7.25

27-11-1981

 

 

 

 

7.50

25-12-1981

 

 

 

 

7.75

29-01-1982

33.00

01-07-1974

 

 

7.25

09-04-1982

 

 

5.0

02-03-1968

7.00

11-06-1982

 

 

 

 

7.50

27-05-1983

 

 

 

 

8.00

29-07-1983

34.00

01-12-1978

 

 

8.50

27-08-1983

 

 

6.0

09-01-1971

8.50 @

12-11-1983

 

 

 

 

9.00 @

04-02-1984

 

 

 

 

9.00 @

27-10-1984

34.50

25-09-1981

 

 

9.00 @

01-12-1984

35.00

30-10-1981

7.0

31-05-1973

9.00 @

26-10-1985

 

 

 

 

9.00 @

22-11-1986

 

 

 

 

9.50 @

28-02-1987

 

 

 

 

9.50 @

23-05-1987

35.50

28-07-1984

9.0

23-07-1974

10.00 @

24-10-1987

36.00

01-09-1984

 

 

10.00 @

23-04-1988

 

 

 

 

10.50 @

02-07-1988

 

 

 

 

11.00 @

30-07-1988

 

 

10.0

12-07-1981

15.00 @

01-07-1989

36.50

08-06-1985

 

 

15.00 @

04-05-1991

37.00

06-07-1985

 

 

15.00 @

11-01-1992

 

 

 

 

15.00 @

21-04-1992 ^

 

 

11.0

04-07-1991

15.00 @

08-10-1992

 

 

12.0

09-10-1991

14.50

17-04-1993

37.50

25-04-1987

 

 

14.00

15-05-1993

 

 

 

 

14.50

11-06-1994

 

 

 

 

14.75

09-07-1994

 

 

 

 

15.00

06-08-1994

38.00

02-01-1988

11.0

16-04-1997

14.50

11-11-1995

 

 

10.0

26-06-1997

14.00

09-12-1995

 

 

9.0

22-10-1997

13.50

27-04-1996

 

 

 

 

13.00

11-05-1996

 

 


(Per cent)

Bank Rate

Cash Reserve Ratio *

Statutory Liquidity Ratio **

Rate

Effective date

Rate

Effective date

Rate

Effectivedate

1

2

3

4

5

6

11.0

17-01-1998

12.00

06-07-1996

38.50

22-09-1990

10.5

19-03-1998

11.50

26-10-1996

10.0

03-04-1998

11.00

09-11-1996

9.0

29-04-1998

10.50

04-01-1997

10.00

18-01-1997

38.50 +#

29-02-1992^

9.75

25-10-1997

9.50

22-11-1997

8.0

02-03-1999

10.00

06-12-1997

10.50

17-01-1998

38.25 +

09-01-1993

10.25

28-03-1998

38.00 +

06-02-1993

10.00

11-04-1998

37.75 +

06-03-1993

7.0

02-04-2000

11.00

29-08-1998

37.50 +

21-08-1993

8.0

22-07-2000

10.50

13-03-1999

37.25 +

18-09-1993

10.00

08-05-1999

34.75 ^^ $

16-10-1993

9.50@@

06-11-1999

9.00

20-11-1999

7.5

17-02-2001

8.50

08-04-2000

7.0

02-03-2001

8.00

22-04-2000

34.25 ^^

20-08-1994

6.5

23-10-2001

8.25

29-07-2000

33.75 ^^

17-09-1994

8.50

12-08-2000

31.50 &!

29-10-1994

8.25

24-02-2001

8.00

10-03-2001

6.25

30-10-2002

7.50

19-05-2001

5.75

03-11-2001

25.00

25-10-1997

5.50

29-12-2001

5.00

01-06-2002

4.50

14-06-2003

4.75

18-09-2004

5.00

02-10-2004

5.25

23-12-2006

5.50

06-01-2007

5.75

17-02-2007

6.00

03-03-2007

6.25

14-04-2007

6.50

28-04-2007

7.00

04-08-2007

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.
& In addition, there was 25% SLR on the increase in NDTL over September 30, 1994 level.
! SLR on NDTL as on September 30, 1994.
@@ 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.