Friday, October 11, 2013

Revised banking rates

It is to bring to kind notice to all of you that banking rates have been revised again for the current year by the new governor of RBI , Mr. Raghuram Rajan in an attempt to save the drowning economy of India.
One or two questions are always asked based on the current rates of RBI in IBPS exam. So here are the revised rates, Please make a note.

a. CRR – 4%
b. SLR – 23%
c. Repo Rate – 7.25%
d. Reverse Repo – 6.25%
e. MSF – 10.25%
f. Bank Rate – 10.25%

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