RBI measures to relax liquidity leads to the rise of banks
By Neelima Shankar
Oct 9, 2013
Print    Email    RSS   

Banks stocks are ablaze in right on time exchange Tuesday with the BSE Bankex surged above 3 percent. In an amaze move, Raghuram Rajan, Governor Reserve Bank of India (RBI) diminished the negligible standing facility (MSF) rate by 50 bps to simplicity liquidity force. India's biggest loan specialists Punjab National Bank, HDFC Bank, State Bank of India, Bank of Baroda and ICICI Bank encouraged between 2-3 percent. The MSF will reduce short term rates and organizations are prone to get from the business paper (CP) advertise in place of banks.

Rajiv Takru, Banking secretary said the reduction in MSF might have positive effect on the economy. He anticipates that banks will decrease loaning rates by 0.25-2.5 percent. The initiative is part of the adjusted withdrawal of uncommon measures attempted by the Reserve Bank and is pointed at enhancing liquidity in the framework. The RBI's 200 bps expand in the MSF rate in July had tightened transient market liquidity.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Tips to reduce Auto Insurance Premium
Must have add-ons for luxury car insurance
An insight into two wheeler insurance
Kinds of auto insurance coverage
Some New Ways to Save on Your Car...

hi i am forgot my atm pin
Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
how to download my account details

New endowment plan launched by PNB met life Feb 18, 2015
Yes bank bagged High performance award 2014. Feb 13, 2015
Banks may strike at February end Feb 4, 2015
Reliance industries to enter in to banking in association with the SBI Feb 3, 2015
OBC bank reported a drop down in its net profit Jan 30, 2015
News Archive