"….....it is determined that the bank rate should normally stay aligned to the MSF (marginal standing facility) rate. "Accordingly, it has been decided that with effect from the close of business of February 13, 2012, the bank rate (for UCBs) will stand increased by 350 basis points, from 6 percent per annum to 9.50 percent per annum," RBI said in a notification Wednesday………..
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