RBI alludes at keeping CRR unchanged
By Joseph Samson
Jan 11, 2012
Print    Email    RSS   

The top bank officials yesterday suggested Reserve Bank of India to cut the policy rates in a meeting. The proposal is in the light that the inflation rate has lowered down recently.

The Chief Executive of Indian Banks' Association, Dr K. Ramakrishnan said, "If growth has to happen and investments have to take place in the economy, then the RBI should send a signal by cutting policy rates."
The decision upon the issue is to be taken by the Reserve Bank of India, which it will declare on 24th January when it will declare the quarterly monetary policy review.

The apex bank has however alluded that a cut in CRR is unlikely. The Chairman of State Bank of India, Mr. Pratip Chaudhuri said, "CRR cut is unlikely - that is my personal view. But, we have asked them to pay interest on it."


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

 Select a product:

NRI Home Loan: A friend for the non-residents
Carnival of Indian Personal Finance Blogs#10
Mortgage insurance’s relevance in India
Carnival of Indian Personal Finance Blogs #4
Tax Planning for Working Women in India

PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive