Crr

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Crr - Total results - 111
France stops ratification of extradition agreement with Hong Kong, says treaty to remain 'as it stands'
World

France stops ratification of extradition agreement with Hong Kong, says treaty to remain 'as it stands'

Australia, Canada, New Zealand, the UK and the US suspended similar treaties with Hong Kong last month after China imposed a new national security law on the city

Banks can save Rs 7,400 cr from lending against CRR, earn Rs 480 cr in additional profits: SBI research report
Business

Banks can save Rs 7,400 cr from lending against CRR, earn Rs 480 cr in additional profits: SBI research report

Banks can save up to Rs 7,400 crore in CRR benefits under the new dispensation of targeted lending using their cash reserve ratios, and the incremental credit flow through this can be Rs 1.85 lakh crore, helping them earn Rs 480 crore in additional profits in FY21, SBI Research said

Banks can save up to Rs 7,400 cr from lending against CRR, earn Rs 480 cr in additional profits: Report
Business

Banks can save up to Rs 7,400 cr from lending against CRR, earn Rs 480 cr in additional profits: Report

The RBI, at the previous monetary policy review on 6 February, adopted a policy tool by allowing banks to lend against their CRR to three targeted segments -- retail loans to the auto, housing and MSME sectors.

Allahabad Bank cuts MCLR by 5 bps across tenors, no change in one-month MCLR of 7.85%; revised rates to be effective from tomorrow
Business

Allahabad Bank cuts MCLR by 5 bps across tenors, no change in one-month MCLR of 7.85%; revised rates to be effective from tomorrow

The Asset Liability Management Committee of Allahabad Bank has reviewed the existing MCLR and decided for a downward revision by 5 basis points (bps) across different MCLR tenors.

Lending from CRR buffer to get 5-year exemption; special window to enable improved credit flow to needy sectors: RBI
Business

Lending from CRR buffer to get 5-year exemption; special window to enable improved credit flow to needy sectors: RBI

The window opens on 14 February for six months ending 31 July 2020, but the net demand and time liabilities (NDTL) will be calculated as of 31 January 2020, the RBI circular said.

SBI slashes interest on FDs from today; here are latest rates of various fixed deposit products of PSB
Business

SBI slashes interest on FDs from today; here are latest rates of various fixed deposit products of PSB

For the FDs maturing between 46 and 179 days, the interest rate has been slashed BY 50 bps. Now, these deposits will fetch an interest rate of 5 percent.

SBI cuts MCLR for ninth time in a row, home loans to become cheaper; cuts interest rate on fixed deposits too
Business

SBI cuts MCLR for ninth time in a row, home loans to become cheaper; cuts interest rate on fixed deposits too

SBI further said in view of surplus liquidity in the system, it has realigned its interest rate on retail term deposits and bulk term deposits, effective 10 February.

RBI monetary policy: Central bank announces incentive for lending to MSME, home, auto sectors
Business

RBI monetary policy: Central bank announces incentive for lending to MSME, home, auto sectors

In a bid to increase lending to MSME as well as to auto and home segment, Reserve Bank on Thursday tweaked maintenance of cash reserve ratio (CRR) norms by providing relaxation in calculation of total deposits

PMC Bank has enough liquidity, depositors' money fully safe; HDIL sole reason for present crisis, says suspended MD
Business

PMC Bank has enough liquidity, depositors' money fully safe; HDIL sole reason for present crisis, says suspended MD

The PMC Bank management admitted that one large account-HDIL--is the sole reason for the present crisis

GDP growth in Q4 likely to moderate to 6.1-5.9%, may lead Reserve Bank to cut rates: SBI report
Business

GDP growth in Q4 likely to moderate to 6.1-5.9%, may lead Reserve Bank to cut rates: SBI report

The slip in GDP growth may force the Reserve Bank of India (RBI) to move with a deeper 0.50% in rates at its next review

RBI holds rate at 6%: Policy a firm statement of independence by MPC; growth is for govt to take care of
Business

RBI holds rate at 6%: Policy a firm statement of independence by MPC; growth is for govt to take care of

The RBI will not budge on interest rates as inflation threat looms. The statement seems to be clear on this.

Sensex drops 180 pts: RBI's repo rate cut fails to enthuse investors as profit-taking sets in
Business

Sensex drops 180 pts: RBI's repo rate cut fails to enthuse investors as profit-taking sets in

Traders said the RBI's decision to lower the policy rate to 6 percent failed to boost sentiment

RBI keeps repo rate steady at 6.25%, doesn't want to risk 'loss of credibility'
Business

RBI keeps repo rate steady at 6.25%, doesn't want to risk 'loss of credibility'

Premature action (rate cut) at this stage risks disruptive policy reversals later and the loss of credibility, said the monetary policy committee

In defence of Urjit Patel: It’s not about what he’s not telling us, but what we want to hear
Business

In defence of Urjit Patel: It’s not about what he’s not telling us, but what we want to hear

By dragging him into a political battle of one-upmanship, the media is butchering the reputation of an RBI governor who has till now done an admirable job

Demonetisation: Why it's not a bad idea to bring old Rs 500 note out of retirement
India

Demonetisation: Why it's not a bad idea to bring old Rs 500 note out of retirement

Reintroducing the old Rs 500 notes, especially when they would now be filtered through banks, would not hurt the Indian economy

RBI keeps rates unchanged; highlights from today's policy statement
Business

RBI keeps rates unchanged; highlights from today's policy statement

Cuts growth forecast to 7.1 percent, from 7.6 percent for this fiscal

RBI monetary policy as it happened: Disappointed by status quo, says SBI chief
Business

RBI monetary policy as it happened: Disappointed by status quo, says SBI chief

Ahead of the Reserve Bank of India (RBI) bi-monthly monetary policy review, the Indian equities markets opened on flat note on Wednesday. Investors are cautious ahead of the key announcement, and expect the central bank to ease its key lending rates.

Charts: RBI holds repo rate at 6.5% as inflation rears its head
Business

Charts: RBI holds repo rate at 6.5% as inflation rears its head

The inflation surprise in the April reading makes the future trajectory of inflation somewhat more uncertain, the RBI said