MUMBAI: RBI Governor Duvvuri Subbarao said on Tuesday that the proportion of deposits banks need to set aside with themselves as well as the Reserve Bank of India need to come down, but gradually. "Combined CRR (cash reserve ratio), SLR (statutory liquidity ratio) at 30 percent is still quite high and needs to come down, but that has to happen gradually," Reserve Bank of India (RBI) Governor Duvvuri Subbarao said speaking at the National Finance Symposium organised by the Indian Institute of Foreign Trade.
ET
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