Latest Reverse Repo, Bnak rate, CRR, SLR,MSF rates for exams

Good Morning Readers,
Here is a post regarding Banking sector and useful for other competitive exams  . Hope you all like the post. Have a look..!!

Bank Rate	8.75%	w.e.f. 15/01/2015
Cash Reserve Ratio (CRR)	4.00%	wef   09/02/2013
Statutory Liquidity Ratio (SLR)	21.50%	w.e.f. 07/02/2015
Repo Rate	7.75%	w.e.f. 15/01/2015
Reverse Repo Rate	6.75%	w.e.f.15/01/2015
Marginal Standing Facility (MSF)	8.75%	w.e.f. 15/01/2015

(Last Updated on: 18/02/2015)

Repo (Repurchase) Rate

Repo rate is the rate at which banks borrow funds from the RBI.

Reverse Repo Rate

The rate at which RBI borrows money from the banks (or banks lend money to the RBI) is termed the reverse repo rate.

Bank Rate

This is the rate at which RBI lends money to other banks (or financial institutions)

Cash Reserve Ratio (CRR)

Also called the cash reserve ratio, refers to a portion of deposits (as cash) which banks have to keep/maintain with the RBI.

Statutory Liquidity Ratio (SLR)

Besides the CRR, banks are required to invest a portion of their deposits in government securities as a part of their statutory liquidity ratio (SLR) requirements.