Banks divided: some want more cash, others low rates

.....While some banks, including the State Bank of India (SBI), asked for a cut in CRR, others sought a reduction in repo rate so that the cost of credit comes down. Yet another group wanted RBI to cut both CRR and repo rate. The issue about how banks indulge in window dressing at the end of a financial year also came up for discussion. “There should be a cap at which banks can be allowed to grow in March,” said a bank official, who attended the meeting........

Read..............