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Interest Rates on Advances

RESERVE BANK OF INDIA
CENTRAL OFFICE
DEPARTMENT OF BANKING OPERATIONS AND DEVELOPMENT
CENTRE 1, WORLD TRADE CENTRE,
CUFFE PARADE, COLABA
MUMBAI-400005

 

DIRECTIVE DBOD.No.BC.178/13.07.01/2000

May 25, 2000

Interest Rates on Advances

In exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act 1949, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest so to do, hereby directs that with effect from May 26, 2000 the interest rate on rupee export credit indicated against item 4(b) in the Appendix to its Directive DBOD.NO.Dir.BC.105/13.07.01/99 dated October 29, 1999 be changed as indicated in the Appendix enclosed to this Directive.

 

(G.P.Muniappan)
Exectuive Director

Encl : as above

Appendix

 

Rate of interest (per cent per annum)

 

Existing

New

 

(Effective May 26, 2000)

4. EXPORT CREDIT NOT
OTHERWISE SPECIFIED

  
   

(b) Post-shipment credit

Free@

25.00

  

(minimum)


@ Free - The banks are free to decide the rate of interest to be charged
.


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