RBI CREDIT POLICY - MAY 3

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RBI CREDIT POLICY 29-JAN

RBI cuts repo rate by 25 bps to 7.75%
 
RBI cuts CRR by 25 bps to 4%

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RBI - Second Quarter Review of Monetary Policy 2012-13

RBI - Second Quarter Review of Monetary Policy 2012-13

Cash Reserve Ratio

·       RBI has decided to reduce the cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.5% to 4.25% of their net demand and time liabilities (NDTL) effective the fortnight beginning November 3, 2012.

·       As a result of this reduction in the CRR, around `175 billion of primary liquidity will be injected into the banking system.

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RBI cuts CRR by 25 bps, keeps rates unchanged

Mumbai: The Reserve Bank of India (RBI) on Tuesday cut the cash reserve ratio (CRR) by quarter of a percentage point, freeing up additional funds to the tune of Rs17,500 crore for commercial banks to lend to companies and consumers, but kept its key policy rate unchanged as it battles to douse inflation.

CRR, the portion of deposits that banks have to maintain with the central bank, was reduced to 4.25% in the RBI’s quarterly monetary policy announcement. The repo rate, or the rate at which banks borrow overnight funds from RBI, was left unchanged at 8%.

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CREDIT POLICY

RBI CUTS CRR BY 25 BPS  TO 4.25%
RBI LEAVES REPO RATE UNCHANGED 8%
FY13 GDP PROJECTION CUT TO 5.8 %
FY13 INFLATION PROJECTION RAISED TO 7.5 %
CRR TO KEEP LIQUIDITY COMFORTABLE TO SUPPORT GROWTH
INFLATION MAY RISE IN NEAR TERM EASE IN JAN - MAR
BANKS NO ALLOWED TO FUND TO PURCHASE OF GOLD

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RBI CREDIT POLICY - Interest rate unchanged at 8.5%

RBI CREDIT POLICY - Interest rate unchanged at 8.5%

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RBI credit policy - interest rate hikes by 25bps

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Bank stocks tumble on savings bank interest rate deregulation

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