Tag: Cash Reserve Ratio

RBI cuts interest rate by 25 basic points

Offering much before expectations, the Reserve Bank of India on Tuesday cut its short tem lending rate by 0.25 percent, reports said. Read more

RBI’s Monetary Policy: CRR slashes, Rates unchanged

RBI 150x150 RBIs Monetary Policy: CRR slashes, Rates unchangedAfter unveiling the mid-quarter review of the monetary policy by Reserve Bank of India (RBI) Governor D Subbarao, a much disappointing wave spread among the marketers, but a strongest attack in appositive move toward inflation.

RBI’s policy brings unchanged repo rates while cut off CRR, cash reserve ratio by 25 basis points from 4.75 per cent to 4.50 per cent, allowing banks to keep more cash and downing their lending rates, improving investments. Read more

IIP report disappointing, taking measures to kickstart economy: Pranab Mukherjee

Measure by the Index of Industrial Production (IIP), the government published report on Tuesday, data showed that India’s Industrial production growth rate increase just at margin of 0.1 per cent in April, enlighten the national rapidly decreased economic.

Last April, the Industrial output was 5.3 per cent that is much hike than this current record. The manufacturing sector, covering 75% of the index, grew barely 0.1 per cent, according to the official data. Read more

RBI delivers, can lame bow govternment?

RBI 300x211 RBI delivers, can lame bow govternment?Friday is a surprising day for bankers and financial institutions as the Reserve Bank of India (RBI) tighten the markets by reducing the cash reserve ratio (CRR) by a huge basis point of 75 to 4.75% from 5.5%.

CRR is defined as that portion of deposits which banks have to compulsorily keep with the bank for facing uncertainty.

As per RBI new policy, CRR is more than a liquidity measure ease as CRR cut releases Rs48,000 crore back to banks. It facilitates the more than Rs20, 000 crore of advance tax that companies will have to pay by March 15. Read more


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