Latest RBI Repo Rate Notification 2023

Latest RBI Repo Rate Notification 2023 PDF Download

Download PDF of Latest RBI Repo Rate Notification 2023 from the link available below in the article, Latest RBI Repo Rate Notification 2023 PDF free or read online using the direct link given at the bottom of content.

10 Like this PDF
REPORT THIS PDF ⚐

Latest RBI Repo Rate Notification 2023

Latest RBI Repo Rate Notification 2023 PDF read online or download for free from the rbidocs.rbi.org.in link given at the bottom of this article.

The Governor of the Reserve Bank of India, Shri Shaktikanta Das has announced that the Policy Repo Rate will remain unchanged at 4% and that the Marginal Standing Facility and Bank Rate will remain at 4.25%.

The Reverse Repo Rate too will remain unchanged at 3.35%. He informed that Monetary Policy Committee was of the view that policy support from all sides is required to gain growth momentum and to nurture recovery after it takes root.

“Hence policy rate has been left unchanged and accommodation stance has been decided to be continued as long as necessary to revive and sustain growth while ensuring inflation remains within target,” the Governor said while delivering RBI’s bi-monthly monetary policy statement through an online address.

Notification – RBI Repo Rate 2023

The Governor informed that according to RBI, Real GDP growth is projected to grow at 9.5% in 2021-22. Explaining the basis for this, he noted that, unlike the first wave, the impact on economic activity is expected to be relatively contained in the second wave, with restrictions on mobility being regionalized and nuanced.

The Governor also announced a set of additional measures with the objective of reviving the economy and mitigating the adverse impact of the second wave of the COVID-19 pandemic.

  1. On-Tap Liquidity Window for Contact-Intensive sectors: A separate liquidity window of Rs. 15,000 Crore is being opened till March 31, 2022, with tenures up to three years, at the repo rate.

Under this scheme, Banks can give fresh lending support to hotels, restaurants, travel agents, tour operators, aviation ancillary services, and other services including private bus operators, rent-a-car service providers, event organizers, spa clinics, beauty parlors, and saloons.

  1. Special Liquidity Facility of Rs. 16,000 Crore to SIDBI, for on-lending / refinancing through novel models and structures at Repo Rate, for a period of up to one year. This is to further support the credit requirements of MSMEs, including those in credit-deficient and aspirational districts.
  1. Expansion of coverage of borrowers under Stress Resolution Framework 2.0, by enhancing maximum aggregate exposure threshold from Rs. 25 Crore to Rs. 50 Crore for MSMEs, non-MSME small businesses, and loans to individuals for business purposes.
  1. Permission given to Authorized Dealer banks to place margins on behalf of FPI clients for transactions in Govt. securities within banks’ credit risk management framework. This will ease operational constraints faced by Foreign Portfolio Investments and promote ease of doing business.
  1. Regional Rural Banks can now issue Certificates of Deposit (CDs)

Further, all issuers of CDs will be permitted to buy back their CDs before maturity, subject to certain conditions. This will facilitate greater flexibility in liquidity management.

  1. National Automated Clearing House (NACH) to be available on all days of the week (currently available only on bank working days), effective from August 1, 2021.  NACH is a popular and prominent mode of direct benefit transfer to numerous beneficiaries, this measure will enhance customer convenience.

RBI Repo Rate Latest Notification PDF

PDF of RBI Repo Rate Notification issued by the RBI from its official website, and it can be directly downloaded from the link given below.

2nd Page of Latest RBI Repo Rate Notification 2023 PDF
Latest RBI Repo Rate Notification 2023

Download link of PDF of Latest RBI Repo Rate Notification 2023

REPORT THISIf the purchase / download link of Latest RBI Repo Rate Notification 2023 PDF is not working or you feel any other problem with it, please REPORT IT by selecting the appropriate action such as copyright material / promotion content / link is broken etc. If this is a copyright material we will not be providing its PDF or any source for downloading at any cost.

SIMILAR PDF FILES

  • ACE Quant Book

    ACE Quant Book PDF help students learn and understand the new pattern of recruitment exams which will help them to maximize their scores in the competitive examination. The book has been prepared by experienced faculties, subject-matter experts, and with the expertise of Adda247 keeping the new pattern and challenges of...

  • AIIMS Rate List

    AIIMS (All India Institutes of Medical Sciences) is a group of autonomous government public medical universities of higher education under the jurisdiction of Ministry of Health and Family Welfare , Government of India. These institutes have been declared by an Act of Parliament as Institutes of National Importance. In AIIMS...

  • Amarnath Yatra 2023 Registration Form

    Hello, Friends today we are sharing with you Amarnath Yatra 2023 Registration Form PDF to help you. This form can be used for the registration of Amarnath Yatra which will start on 1st July 2023. The 62-day-long Shri Amarnathji Yatra 2023 will commence on 1st July this year and it...

  • Assam Budget 2022-23

    Hello, Friends today we are sharing with you Assam Budget 2022-23 PDF to help you. If you are searching Assam Budget 2022-23 then you have arrived at the right website and you can directly download the PDF from the link given at the bottom of this page. In this budget...

  • Bank of Maharashtra Home Loan Application From

    Bank of Maharashtra offers competitive home loan rates with the best EMI of ₹769 per lakh availed at a low-interest rate of 8.40% for a maximum tenure of 30 years. If you are paying an EMI more than ₹769 per lakh, you should consider the option for a loan transfer...

  • BEO Exam Syllabus 2023 Tamil

    Tamil Nadu Teacher Recruitment Board released the BEO recruitment notification 2023 from the official website. Candidates who have applied for the post must prepare themselves to clear the BEO exam. TN Teachers Recruitment Board reported an employment notification for Block Education Officer Post, there are 97 openings available to be filled. TNTRB...

  • Cosmetic Science MCQ

    Cosmetic science covers the fields from natural sciences to human and social sciences and is an important interdisciplinary element in various scientific disciples. The latest findings on cosmetic stability are presented, as are databases, books, and magazines, increasingly used by cosmetic scientists. Cosmetic Science Question Bank (MCQ) 1. An agent...

  • COVID-19 Vaccines Operational Guidelines

    Coronavirus disease (COVID-19), is an infectious disease caused by a newly discovered coronavirus (SARS-CoV-2), which has spread rapidly throughout the world. In March 2020, the World Health Organization (WHO) declared the COVID-19 outbreak a pandemic. The pandemic has severely ravaged health systems, and economic and social progress globally. In India,...

  • Current Affairs April 2020

    When it comes for preparation for competition exams current affairs are most important section. Because candidate needs to be updated every time. Here we are giving you direct link of Current Affairs of April 2020 for those candidates preparing for UPSC, Banking, SSC and Railways exams and aspirants who are...

  • Current Affairs August 2020

    When it comes to preparing for competitive exams current affairs are the most important section. Because the candidate needs to be updated every time. Here we are giving you a direct link of Current Affairs of August 2020 for those candidates preparing for UPSC, Banking, SSC, and Railways exams and...

Leave a Reply

Your email address will not be published. Required fields are marked *