Chairman of State Bank of India, Pratip Chaudhuri, said that the bank will pass on the benefits of lower rates only if the Reserve Bank of India cut cash reserve ratio (CRR) in the forthcoming policy. "There is a case for a 50 basis points in CRR," said Mr Chaudhuri. "If CRR is not cut there is no benefit for the banks and no benefits means nothing can be passed on to the borrowers,".....
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