RESERVE BANK OF INDIA (RBI)
1. Revision in Bank Rate and change in Bank Rate: RBI has vide its two Circulars dated 15th January, 2015 announced that the bank rate has adjusted from 9% to 8.75% w.e.f January 15, 2015. All penal interest rates linked to the Bank Rate are also revised as follows: Item Existing Rate Revised Rate Penal …