In the policy statement, Reserve Bank of India (RBI) said banks reduced lending rates on an average by 36 basis points to 12.17 per cent during 2012-13 (up to February). This is compared to a 50 basis points cut in repo rate and 75 basis points reduction in CRR by the RBI in 2012-13
Tag: CRR
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India Inc not gung ho about policy outcome
Corporate India is not much excited about the 25 basis point reduction in the repo rate by the Reserve Bank of India (RBI) as they feel it to be too less. However, they also agree that the central bank cannot do much the high level of retail inflation and high current account deficit
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Bankers want RBI to reduce CRR
Bankers urged the Reserve Bank of India (RBI) to reduce the cash reserve ratio (CRR) by 50 basis points in its Annual Policy on May 3. Bankers want the central bank to reduce CRR as such a move would release cash into the system and ease liquidity pressure. CRR is the portion of deposits that banks have to set aside
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Quote on RBI’s Credit Policy: CRR and repo rates slashed by 0.25%
Finally, we have the rate cut (start of the series of cuts that hopefully will follow over several quarters, influenced by the overall inflation situation and the economy's need to perk up growth rates) which coupled with the lower CRR should provide great relief to Real Estate industry reeling for quite some time now under the burden of huge debts on one side and poor cash flows caused by slowdown in sales.
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Some bankers expect RBI to cut CRR to ease liquidity strain
Some bankers expect Reserve Bank of India either to cut cash reserve ratio (CRR) in the third-quarter monetary-policy review on January 29 or conduct open market operations (OMO) to overcome liquidity crunch in the banking system. It is learnt that slow growth in deposit rate, back-to-back auction of government bonds have strained liquidity in the banking system. According to reports, main
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Forecast: Credit to continue upward
The Indian banking sector has withstood the global financial turmoil and continued to grow at a healthy pace.