News tagged with “crr”. Found:
65 tagged news reports.
Your Search Returned 65 tagged news reports
RBI cuts CRR for cooperative banks
Mumbai :: India | 10 months ago
Credibility
The Reserve Bank on Monday extended a 0.50 per cent reduction in cash reserve ratio, the amount of cash that banks need to keep in reserve, to cooperative banks for boosting the sagging economy. "On a review of the current global and domestic macroeconomic...
Tags: banks, india, economy, interest rates, crr, basis points, Goldman Sachs, repo rate, cooperative banks, Reserve Bank of India
Rush: Deposit rates will fall fast now
Mumbai :: India | 10 months ago
Credibility Rush to put it in fixed deposits, for bank rates are set to fall after the Reserve Bank of India (RBI) cut interest rates on Friday for the fourth successive time. The RBI cut the repo, reverse repo and cash reserve ratio (CRR), its three main signal...
Tags: banks, interest rates, india, repo rates, repo rate, economy, crr
Mixed reaction from industry to stimulus package
New Delhi :: India | 10 months ago
Credibility Assocham also appreciated the central Reserve Bank of India's decision to reduce the cash reserve ratio (CRR) and the reverse repo rate (RRR) respectively by 50 and 100 basis points, and said it would provide some relief to industry. "However, the CRR...
Tags: repo rate, bank, india, economy, crr, stimulus package, banks
India Cuts Rates, Unveils Stimulus Package
New Delhi :: India | 10 months ago
Credibility The Reserve Bank of India slashed its key rates and the federal government took a slew of measures Friday as part of a second stimulus package aimed at spurring growth in Asia's third-largest economy. The central bank cut the repurchase rate, or repo...
Tags: interest rates, banks, india, economy, repo rates, loans, crr, stimulus package, Reserve Bank of India, Indian
Interest rates to slip to single digits in 2009
New Delhi :: India | 11 months ago
Credibility Volatility in lending and deposit rates witnessed during the year is expected to end in 2009 with interest rates seen to be going down, due primarily to an easy monetary stance being pursued by the Reserve Bank of India to push growth. Interest rates...
Tags: interest rates, india, repo rates, repo rate, loans, crr, Reserve Bank of India
Some banks in liquidity puzzle
Mumbai :: India | 12 months ago
Credibility On Monday, one bank borrowed Rs 2,400 crore from the Reserve Bank at 6.5 per cent. Five or six banks have been consistent borrowers of large sums from the RBI since the last week, taking in Rs 1,000 crore per day, despite a recent policy that eased the...
FCCB issuers may be given buyback option
Mumbai :: India | about 1 year ago
Credibility Promoters or issuers of foreign currency convertible bonds may be allowed to buy back the bonds if they go in for prepayment. Also, promoters are likely to be allowed to utilise the unused portion of the foreign currency-denominated borrowings parked...
Tags: economy, interest rates, india, banks, repo rates, Reserve Bank of India, reserves banks, basis points, crr, repo rate
Realtors seeks PM’s help to beat credit squeeze
New Delhi :: India | about 1 year ago
Credibility The Reserve Bank of India (RBI) has so far infused over Rs 2,00,000 crore into the banking system through various instruments including a 3.50 percentage point cut in the cash reserve ratio (CRR). The benchmark lending rate-- repo rate-- has also been...
RBI cuts CRR, repo rates to prop up economy
After infusing Rs 1,85,000-crore liquidity into the banking system, the Reserve Bank of India on Saturday effected yet another 100 basis points cut in cash reserve ratio (CRR) and a 0.5 per cent reduction in key short-term lending (repo) rate, signaling...
Tags: RBI, India, banks, repo rate, CRR, interest rates, economy
SBP reduces CRR by 1pc
Karāchi :: Pakistan | about 1 year ago
Credibility The State Bank of Pakistan (SBP) on Saturday reduced cash reserve requirement on all bank deposits to 5 per cent, 15 days before its decision was supposed to be implemented in a bid to support liquidity-starved banks. A SBP notification issued here said...
Tags: banks, crr, State Bank of Pakistan, SBP, apparel export, export finance, The State Bank
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