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Chronology of Bankrate, CRR and SLR Changes

Bank Rate Cash Reserve Ratio* Statutory Liquidity Ratio**
Rate Effective Date   Rate   Effective Date   Rate Effective Date  
1 2 1 2 1 2
3.5 5/7/1935   (a)5% of DL   5/7/1935   20 16-03-1949
  (b)2% of TL  
3 28-11-1935   (a)5% of DL   6/3/1960      
  (b)2% of TL @   25 16-09-1964
      (a)5% of DL   6/5/1960      
  (b)2% of TL @  
3.5 15-11-1951   (a)5% of DL   11/11/1960   26 5/2/1970
  (b)2% of TL   27 24-04-1970
      3   16-09-1962   28 28-08-1970
  5 29-06-1973  
4 16-05-1957   6   8/9/1973      
  7 22-09-1973   29 4/8/1972
      5   1/7/1974   30 17-11-1972
  4.5 14-12-1974  
4.5 3/1/1963   4   28-12-1974      
  5 4/9/1976   32 8/12/1973
      6   13-11-1976      
  6 @ 14-01-1977  
5 26-09-1964   6 @ 1/7/1978   33 1/7/1974
  6 @ 5/6/1979  
      6.5   31-07-1981      
  7 21-08-1981   34 1/12/1978
6 17-02-1965   7.25   27-11-1981      
  7.5 25-12-1981  
      7.75   29-01-1982   34.5 25-09-1981
  7.25 9/4/1982   35 30-10-1981
5 2/3/1968   7   11/6/1982      
  7.5 27-05-1983   35.5 28-07-1984
      8   29-07-1983   36 1/9/1984
  8.5 27-08-1983  
6 9/1/1971   8.5 @ 12/11/1983      
  9 @ 4/2/1984   36.5 8/6/1985
      9 @ 27-10-1984   37 6/7/1985
  9 @ 1/12/1984  
7 31-05-1973   9 @ 26-10-1985      
  9 @ 22-11-1986  
      9.5 @ 28-02-1987   37.5 25-04-1987
  9.5 @ 23-05-1987  
9 23-07-1974   10 @ 24-10-1987      
  10 @ 23-04-1988   38 2/1/1988
      10.5 @ 2/7/1988      
11 @ 30-07-1988
10 12/7/1981   15 @ 1/7/1989        
  15 @ 4/5/1991   38.5 22-09-1990
      15 @ 11/1/1992        
  15 @ (21-04-1992)  
11 4/7/1991   15 @ 8/10/1992   38.5 + # (29-02-1992)
  14.5 17-04-1993  
12 9/10/1991   14   15-05-1993        
  14.5 11/6/1994   38.25 + 9/1/1993
      14.75   9/7/1994   38 + 6/2/1993
  15 6/8/1994   37.75 + 6/3/1993
11 16-04-1997   14.5   11/11/1995   37.5 + 21-08-1993
  14 9/12/1995   37.25 + 18-09-1993
10 26-06-1997   13.5   27-04-1996   34.75 ^ $ 16-10-1993
  13 11/5/1996  
9 22-10-1997   12   6/7/1996        
  11.5 26-10-1996   34.25 ^ 20-08-1994
      11   9/11/1996   33.75 ^ 17-09-1994
  10.5 4/1/1997   31.5 ! & 29-10-1994
11 17-01-1998   10   18-01-1997        
  9.75 25-10-1997  
10.5 19-03-1998   9.5   22-11-1997   25   25-10-1997
  10 6/12/1997  
10 3/4/1998   10.5   17-01-1998        
  10.25 28-03-1998  
9 29-04-1998   10 11/4/1998  
  11 29-08-1998  
      10.5   13-03-1999        
  10 8/5/1999  
8 2/3/1999   9.5 @@ 6/11/1999        
  9 20-11-1999  
7 2/4/2000   8.5   8/4/2000        
  8 22-04-2000  
8 22-07-2000   8.25   29-07-2000        
  8.5 12/8/2000  
7.5 17-02-2001   8.25   24-02-2001        
  8 10/3/2001  
7 2/3/2001   7.5   19-05-2001        
6.5 23-10-2001   5.75 3/11/2001  
6.25 30.10.2002   5.5   29-12-2001        
  5 01.06.2002  
4.75 16.11.2002

DL       : Demand Liabilities                TL : Time Liabilities          Date in brackets refer to announcement dates.
*: The data for CRR are as percentage of domestic Net Demand and time liabilities ( NDTL ) which pertain only to domestic deposits.
@ : Accompanied with additional reserve requirements of CRR on incremental NDTL.
**: Till March 29, 1985 the banks were required to maintain statutory liquidity ratio as a prescribed proportion of gross DTL as on every Friday in the following week on daily basis. Thereafter, it is maintained daily on a fortnightly basis as a prescribed portion of net DTL as on last Friday of second preceding fortnight.  The data pertains only to domestic deposits.
+  : SLR on net DTL as on April 3, 1992.
# : In addition there was 30%  SLR on the increase in net DTL over April 3, 1992 level.
^  : SLR on net DTL as on September 17, 1993.
$  : In addition there was 25%  SLR on the increase in net DTL over September 17, 1993  level.
! : SLR on net DTL as on September 30,1994.
&  : In addition there was 25%  SLR on the increase in net DTL over September 30, 1994 level.
@@     : In order to improve the cash management by the banks, effective from the fortnight CRR will be maintained   by every Scheduled Commercial Bank based on its NDTL as on the last Friday of the second preceding   fortnight. Further to facilitate banks to tide over the contingency during the millennium change, it has been  decide to treat cash in hand maintained by banks for compliance of CRR for a limited period of two months  commencing from December 1,1999 to January 31, 2000. The cash in hand which will be counted for CRR  purpose, during the above period cannot be treatrd as eligible asset for SLR purpose simulataneously.
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