CRR is a waste for economy says SBI Chief

"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.

Builders unhappy with RBI policy; seek interest rate cut

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.

RBI offers no respite to borrowers; cuts CRR by 0.25%

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.

RBI likely to further reduce CRR: Chanda Kochhar

Country's largest private sector lender ICICI Bank Monday said it expects the Reserve Bank to further reduce CRR and release more liquidity into the system, at its monetary policy review later this month.