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TIMELINE-Changes to India's SLR for banks since 1949
January 29, 2013 / 6:47 AM / 5 years ago

TIMELINE-Changes to India's SLR for banks since 1949

MUMBAI, Jan 29 (Reuters) - India's central bank reduced its
policy interest rate by a widely expected 25 basis points on
Tuesday, taking comfort from  cooling inflation as it made the
first cut in nine months to support an economy headed for its
slowest growth in a decade.
    The Reserve Bank of India cut its key repo rate 
to 7.75 percent, as forecast by a Reuters poll. Subsequently,
the reverse repo rate fell to 6.75 percent.
    The RBI unexpectedly also reduced the cash reserve ratio
(CRR), the share of deposits banks must keep with
the central bank, by 25 bps to 4.00 percent, which will infuse
an additional 180 billion rupees into the banking system.
    It left the minimum requirement for banks' government bond
holdings at 23 percent of deposits. 
     
    -- Timeline for repo rate         
    -- Timeline for reverse repo rate 
    -- Timeline for CRR               
     
    Following is a timeline on changes in the statutory
liquidity ratio (SLR) since 1949. 
    
 RATE (PCT)                       EFFECTIVE DATE 
 23.00                             11-08-2012 
 24.00                             18-12-2010  
 25.00                             07-11-2009  
 24.00                             08-11-2008  
 25.00                             25-10-1997  
 31.50                             29-10-1994  
 33.75                             17-09-1994  
 34.25                             20-08-1994  
 34.75                             16-10-1993  
 37.25                             18-09-1993  
 37.50                             21-08-1993  
 37.75                             06-03-1993  
 38.00                             06-02-1993  
 38.25                             09-01-1993  
 38.50                             29-02-1992  
 38.50                             22-09-1990  
 38.00                             02-01-1988  
 37.50                             25-04-1987  
 37.00                             06-07-1985  
 36.50                             08-06-1985  
 36.00                             01-09-1984  
 35.50                             28-07-1984  
 35.00                             30-10-1981  
 34.50                             25-09-1981  
 34.00                             01-12-1978  
 33.00                             01-07-1974  
 32.00                             08-12-1973  
 30.00                             17-11-1972  
 29.00                             04-08-1972  
 28.00                             28-08-1970  
 27.00                             24-04-1970  
 26.00                             05-02-1970  
 25.00                             16-09-1964  
 20.00                             16-03-1949 

 (Compiled by Shamik Paul; Editing by Anand Basu)

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