Last Updated: Tuesday, October 30, 2012, 20:59
Use of CRR or OMOs as instruments to ease liquidity shortage will depend on the nature of deficit, he told reporters at the customary post-policy meeting.
Last Updated: Tuesday, October 30, 2012, 19:00
"But anyway it (CRR) has been cut by 25 basis points and governor had his own reasons and his own compulsions to see the inflation down," he said.
Last Updated: Tuesday, October 30, 2012, 18:58
Stating that the cost of funding for real estate is very high, CREDAI President Lalit Kumar Jain said the RBI should come out with a positive policy and facilitate reduction in interest rate.
Last Updated: Tuesday, October 30, 2012, 08:43
Following the cut, CRR will come down to 4.25 percent while the repo rate, at which the central bank lends to the banks, would remain unchanged at 8 percent.
Last Updated: Tuesday, September 25, 2012, 20:51
Following the CRR cut by the Reserve Bank of India, the country's largest bank State Bank of India (SBI) reduced the minimum lending rate by 0.25 percent last week.
Last Updated: Saturday, June 16, 2012, 00:14
He said the bank has requested the RBI to bring down interest rates as it was necessary at this point of time.
Last Updated: Tuesday, April 17, 2012, 17:27
Leading banks, including SBI and ICICI Bank, on Tuesday said lending rates will fall after the Reserve Bank cut repo rate by 0.50 percent.
Last Updated: Friday, March 30, 2012, 17:27
The Reserve Bank cut cash reserve ratio (CRR) twice since April, 2010 in its monetary policies to contain inflation and help credit growth, Parliament was informed on Friday.
Last Updated: Friday, March 09, 2012, 23:09
India Inc on Friday urged the Reserve Bank to cut its short-term lending rate, repo, by up to 1 percentage point in the forthcoming monetary policy review.
Last Updated: Friday, March 09, 2012, 22:41
Bankers on Friday said RBI's more-than expected 0.75-percentage point cut in cash reserve ratio (CRR) will ease the liquidity strain, but ruled out any immediate reduction in lending rates.
Last Updated: Friday, March 09, 2012, 19:38
Terming RBI's decision to reduce cash reserve ratio (CRR) as a "positive step", the realty body CREDAI Friday said the move would enable financial institutions to fund real estate projects.
Last Updated: Friday, March 09, 2012, 18:00
Reserve Bank of India (RBI) on Friday reduced the cash reserve ratio (CRR) by 0.75 percent to 4.75 percent to be effective from March 10.
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