RBI Governor Shaktikanta Das on Friday announced a reduction in the Cash Reserve Ratio (CRR) of all banks by 100 basis points to 3% of Net Demand and Time Liabilities with effect from the fortnight beginning March 28 for a period of 1 year.
In a welcome move, the six-member Monetary Policy Committee (MOC) headed by RBI Governor Urjit Patel today decided to withdraw the incremental cash reserve ratio (CRR) on deposits between September 16 and November 11.
The RBI on Saturday announced an incremental cash reserve ratio (CRR) of 100 per cent for banks, ordering them to deposit their extra cash with the central bank.
New Delhi: Reserve Bank is likely to pause on rates at its ensuing meeting next week, but may go for a rate cut by the end of the year, as further clarity on the monsoon
New Delhi: In a surprise move, the Reserve Bank of India (RBI) today slashed the repo rate by 25 bps to 7.75 per cent with a view to boost growth.Read full statement of Raghuram G
New Delhi: Reserve Bank of India is likely to cut interest rate by 0.25 percent in its upcoming policy review as inflation is high, industry chamber Assocham said."Both CPI and WPI at the heightened level.
New Delhi: Outgoing RBI Governor D Subbarao, who had disagreed with bankers' call to further trim the cash reserve ratio or pay interest on these deposits, and cut SLR, today said "perhaps" there is a
Mumbai, Oct 26: Ratings agency ICRA says the Reserve Bank may consider a cut in the cash reserve ratio (CRR) by up to 0.50 per cent in its forthcoming monetary policy but felt credit growth
Mumbai, Sep 17: Taking a cautious stance, the Reserve Bank of India today cut CRR by 0.25 per cent but refrained from reducing lending rates in view of high inflation. The cut in cash reserve
New Delhi, June 12: Amid economic slowdown and contracting growth in the manufacturing sector, the country's largest lender SBI said it expects 1 per cent cut in Cash Reserve Ratio (CRR) -- the portion of
Chennai, May 29: Admitting that liquidity conditions were tight, State Bank of India Chairman Pratip Chaudhuri today made a case for reduction of the Cash Reserve Ratio (CRR) by the Reserve Bank to bring down
New Delhi, Mar 18: The government is expecting lower interest rates in the coming months as it looks at policy reversal by the Reserve Bank in the wake of moderation in inflation.“... the fact that
Mumbai, Nov 2: Hardening its stance on inflation, RBI today raised some key policy rates prompting Finance Minister Pranab Mukherjee to caution that it could have some short-term negative impact on growth. The apex bank
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