Statutory reserve rate for banks in india
As of today, i.e. on March 17, 2020, the Policy Rates which include Repo Rate stood at 5.40%, Reverse Repo Rate at 5.15%, Marginal Standing Facility (MSF) Rate at 5.65% and Bank Rate at 5.65%. The Reserve Ratios which include Cash Reserve Ratio (CRR) stood at 4.00% and the Statutory Liquidity Ratio (SLR) at 19.00%, according to data of Major Monetary Policy Rates and Reserve Requirements released by the Reserve Bank of India.