Last Updated: Friday, May 23, 2014, 20:38
Unlike the views of her predecessor Pratip Chaudhuri, State Bank of India (SBI) Chairman Arundhuti Bhattacharya on Friday said cash reserve ratio (CRR) was an useful tool in the hands of regulator Reserve Bank of India (RBI).
Last Updated: Wednesday, December 18, 2013, 12:50
Here is a timeline of changes to the CRR since 1992.
Last Updated: Monday, October 28, 2013, 21:00
"Due to the ongoing festive season and forthcoming state elections, currency leakage from the banking system is likely to be around Rs 70,000 to 80,000 crore.
Last Updated: Friday, September 20, 2013, 11:52
Reserve Bank of India unexpectedly raised its policy interest rate by 25 basis points on Friday.
Last Updated: Tuesday, August 13, 2013, 11:07
Currently, the CRR is pegged at a low of 4 percent, while SLR that includes securities such as government bonds, stands at 23 percent, down from 25 percent in 2010.
Last Updated: Tuesday, July 30, 2013, 11:49
Key short term lending rate (repo rate) kept unchanged at 7.25 percent.
Last Updated: Tuesday, July 30, 2013, 11:05
Presently, the short-term lending (repo) rate, or the rate at which RBI lends to banks, is at 7.25 percent, while the cash reserve ratio (CRR) is at 4 percent.
Last Updated: Monday, July 29, 2013, 18:27
Hinting at status quo on policy rates, the RBI Monday said its immediate focus is to stabilise rupee and made a case for calibrated action to contain the current account deficit, which is a major reason for the steep fall in currency.
Last Updated: Thursday, July 11, 2013, 22:02
In run-up to the first quarter monetary policy announcement by RBI on July 30, bankers Thursday strongly pitched for a reduction in the cash reserve ratio (CRR) as they feel a cut in the short-term lending rate looks unlikely given the rupee volatility.
Last Updated: Friday, July 05, 2013, 17:20
BofA-ML also said despite some public sector banks responding to finance minister P Chidambaram's call to cut base rate, tight liquidity remains a constraint.
Last Updated: Tuesday, July 02, 2013, 16:23
The Reserve Bank of India may cut cash reserve ratio (CRR) by 0.25 percentage points in its review later this month to revive growth, a report by Bank of America Merrill Lynch said on Tuesday.
Last Updated: Sunday, June 16, 2013, 10:42
Pressure is mounting on the Reserve Bank of India, both by industry and banks, to cut policy interest rate as well as cash reserve ratio on Monday to boost sagging industrial growth.
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