CRR

  • Full text: First 2014-15 bi-monthly Monetary Policy Statement April 1, 2014

    The Reserve Bank of India on Tuesday released it bi-monthly monetary statement keeping the repo rate unchanged at 8 per cent. The CRR has been kept at 4 per cent. Here is the full text of first bi-monthly Monetary Policy Statement: Monetary and Liquidity Measures On the basis of an assessment of the...
  • RBI keeps Repo Rate unchanged at 8 pc, CRR at 4 pc April 1, 2014

    New Delhi: The Reserve Bank of India maintained status quo in key rates on Tuesday, keeping the Repo Rate unchanged at 8 per cent and Cash Reserve Ratio at 4 per cent. The RBI also warned that failure to elect a stable government in the coming elections will accentuate "downside risks...
  • RBI keeps key rates unchanged December 18, 2013

    Mumbai: The Reserve Bank of India (RBI) has kept key policy rate and cash reserve ratio unchanged in the December 2013 Mid-Quarter Monetary Policy Review. On the basis of an assessment of the current and evolving macroeconomic situation, the RBI decided to keep the policy repo rate under the liquidity...
  • Full text: RBI Mid-Quarter Monetary Policy Review September 20, 2013

    Reserve Bank of India Governor Raghuram Rajan announced his maiden monetary policy on Friday. The Mid-Quarter Monetary Policy Review announced by Rajan saw the RBI an increase in repo rate by .25 basis points to 7.5 per cent. Below is the full text of the September 2013 Mid-Quarter Monetary Policy Review: On...
  • If RBI can't cut CRR, let them pay us interest on it: SBI June 17, 2013

    Mumbai: Ahead of the mid-quarter review of monetary policy on Monday, the State Bank of India has said if the apex bank cannot reduce CRR rate, which is a must for lending rate cuts by banks, they should pay interest on cash reserves that banks park with the monetary authority....
  • Highlights of RBI's monetary policy 2013-14 May 3, 2013

    Mumbai: Sticking to its cautious stance, the Reserve Bank on Friday cut the key interest rate by just 0.25 per cent to 7.25 per cent and kept the liquidity enhancing cash reserve requirement unchanged, disappointing the industry and stock market. The RBI in its annual monetary policy statement said there would...
  • RBI cuts repo rate by 0.25 pc, CRR unchanged May 3, 2013

    Mumbai: In a move that is likely to bring cheers to the consumers, the Reserve Bank of India (RBI) cut repo rate by 0.25 per cent on Friday for the third time since January. The cut may lead to softening of loan EMIs. Following the 25 basis points cut, the repo...
  • Reserve Bank cuts repo rate by 25 bps; CRR unchanged March 19, 2013

    Mumbai: The Reserve Bank of India (RBI) on Tuesday cut its benchmark policy rate by 25 basis points for the second time since the start of the year in a bid to help revive flagging growth in Asia's third-largest economy, but warned that its scope for further policy easing is...
  • RBI credit policy today, bankers expect rate cut March 19, 2013

    Mumbai: The Reserve Bank of India's (RBI) credit policy will be announced on Tuesday with bankers wanting the central bank to cut repo rates which could make home and car loans cheaper. The repo rate is the rate at which banks borrow from the reserve bank when they are in need...
  • RBI likely to cut key policy rates by 0.25 pc: Experts March 17, 2013

    New Delhi: Taking cue from declining core inflation levels and sluggish growth trends, the Reserve Bank of India is likely to cut key policy rates by 0.25 per cent in its mid-quarter review on March 19, global investment banking majors have said. Even if RBI cuts rates on Tuesday, the tone...
  • More interest rate cuts possible, says C Rangarajan January 29, 2013

    New Delhi: The Reserve Bank of India could make more cuts to the repo rate if inflation remains on projected lines, the Prime Minister's economic adviser C Rangarajan said on Tuesday. The central bank reduced its policy interest rate by a widely expected 25 basis points on Tuesday. The bank took...
  • RBI lowers current fiscal growth projection to 5.5 pc January 29, 2013

    Mumbai: The Reserve Bank of India on Tuesday trimmed the economic growth projection for the current fiscal to 5.5 per cent, from 5.8 per cent estimated earlier and said it was necessary to arrest the decline in growth as inflation risks moderate. "While the series of policy initiatives by the Government...
  • RBI's rate cut will help revive investment: Ahluwalia January 29, 2013

    New Delhi: The Reserve Bank of India's decision to cut rates will help revive investment in the economy, Montek Singh Ahluwalia, deputy Chairman of the Planning Commission said on Tuesday, adding that the economy was beginning to bottom out after a long slowdown. The country's central bank reduced its policy interest...
  • RBI holds repo rate, CRR; focus shifts to growth December 18, 2012

    Mumbai: The RBI kept interest rates on hold on Tuesday, ignoring government pressure to reduce borrowing costs, but said it was shifting its focus towards boosting a flagging economy, raising the odds of a rate cut as early as January. The Reserve Bank of India (RBI) reiterated guidance from its...
  • RBI keeps CRR, repo rate unchanged December 18, 2012

    Mumbai: The Reserve Bank of India on Tuesday left policy interest rates unchanged as expected on Tuesday, ignoring the growing clamour from business and politicians to lower them, reiterating its October guidance of further policy easing in the March quarter as it shifts its focus towards boosting growth. The Reserve Bank...
  • Inflation is still a concern: RBI governor Subbarao October 30, 2012

    The RBI left interest rates unchanged on Tuesday but cut the cash reserve ratio for banks and indicated it may ease monetary policy further in the January-March quarter, although inflation remains a near-term concern. While the decision to leave the policy repo rate unchanged at 8.00 per cent. As inflation eases further,...
  • RBI cuts CRR by 25 bps, keeps repo rate unchanged October 30, 2012

    New Delhi: The RBI left interest rates unchanged on Tuesday but cut the cash reserve ratio for banks and indicated it may ease monetary policy further in the January-March quarter, although inflation remains a near-term concern. While the decision to leave the policy repo rate unchanged at 8.00 per cent was...
  • RBI credit policy: 'Big rate cut unlikely' October 30, 2012

    All eyes are on the Reserve Bank of India on Tuesday as it reviews its credit policy. It is up against stubborn inflation. Will we see a cut in interest rates? CNBC-TV18's banking editor Lata Venketesh tells us what to expect. ...
  • RBI to announce its credit policy today October 30, 2012

    Tuesday: The Reserve Bank of India is set to announce the credit policy on Tuesday. There is almost a war cry out for a rate cut. A CNBC-TV 18 poll indicated that 80 per cent of the respondents see a CRR cut. Of this, 20 per cent see a 50...
  • Rupee at four-month high of 54.01 September 17, 2012

    Mumbai: Tracking stock market movements, the rupee on Monday surged to 53.66 a dollar on robust capital inflows but pared some gains to close at 54.01 – still 29 paise higher – amid Reserve Bank infusing Rs 17,000 crore into system by way of a cut in Cash Reserve Ratio...
  • RBI not cutting key rate makes India Inc unhappy September 17, 2012

    New Delhi: The Reserve Bank's decision to cut the Cash Reserve Ratio by 0.25 per cent, the percentage of deposits banks keep with central bank, has received mixed response from India Inc, which has been demanding a reduction in interest rate to spur growth. Interest rates on home and car loans...
  • 'RBI's infusing liquidity more potent than rate cut' September 17, 2012

    New Delhi: Prime Minister's Economic Advisory Council (PMEAC) on Monday said the RBI move to infuse liquidity in the system is "more potent" than a cut in interest rate and it will help banks expand credit portfolio. "The RBI has taken a cautious step. The latest data on inflation has not...
  • Why RBI chose not to cut policy rate and instead ease CRR September 17, 2012

    The market was expecting the Reserve Bank of India to cut interest rates after the government announced some key policy reforms last week. But by keeping the repo rate unchanged at 25 basis points, the RBI has made it clear that it is more worried about curbing inflation in the...
  • Banks may cut auto loan, fixed deposit rates September 17, 2012

    Mumbai: The Reserve Bank of India (RBI) has kept its key rates unchanged in its mid-quarter monetary policy review on Monday, which means that the EMIs are unlikely to come down soon. The repo rate is unchanged at eight per cent while the reverse repo rate remains at seven per...
  • Govt welcomes CRR cut, expects more steps from RBI September 17, 2012

    New Delhi: The government on Monday welcomed with open arms the 25 basis points cut in the Cash Reserve Ratio (CRR) by the Reserve Bank of India (RBI) but said that it was still a small step. "The CRR cut by RBI is welcome. But it is a small step. We...
  • RBI monetary policy review: The highlights September 17, 2012

    Mumbai: The Reserve Bank of India (RBI) in its mid-quarter monetary policy review on Monday kept the repo rate unchanged but cut the Cash Reserve Ratio (CRR) by 25 basis points (bps), a move that will likely infuse Rs 17,000 crore into the economy. The RBI will continue to target inflation...
  • Full text: RBI's mid-quarter monetary policy review September 17, 2012

    The Reserve Bank of India (RBI) in its mid-quarter monetary policy review on Monday kept the repo rate unchanged but cut the Cash Reserve Ratio (CRR) by 25 basis points (bps), a move that will likely infuse Rs 17,000 crore into the economy. The RBI will continue to target inflation in...
  • RBI cuts CRR by 25 bps, repo rate unchanged at 8 pc September 17, 2012

    New Delhi: The Reserve Bank of India (RBI) cut the cash reserve ration (CRR) by 25 basis points, which will leave Rs 17,000 crore more with the banks. Announcing its credit policy on Monday, which came in the backdrop of some big bang reforms pushed by the UPA Government, the...
  • RBI's credit policy today, rate cuts unlikely September 17, 2012

    New Delhi: The Reserve Bank of India (RBI) will be out with its credit policy on Monday amid mixed cues. It will continue to target inflation in its credit policy, that's the unanimous view of bankers, economists and fund managers polled by CNBC-TV18. Eighty per cent of the market expects...
  • SBI expects 1 pc reduction in CRR on Sept 17 September 6, 2012

    Mumbai: State Bank chairman Pratip Chaudhuri on Wednesday said he expects the Reserve Bank to leave the key policy rates unchanged, but sees a 100 basis points reduction in the cash reserve requirements (CRR) on September 17, which can help banks trim base rates. The monetary authority is expected to take...