Kolkata: State Bank of India Chairman Pratip Chaudhuri Thursday made a strong pitch for the abolition of cash reserve ratio (CRR), saying that keeping required funds with the Reserve Bank without any interest was costing the banking system about Rs 21,000 crore. RBI should either do away with CRR or compensate the banks for the losses incurred as the banking system was not earning any interest on it, Chaudhuri told reporters on the sidelines of Ficci Banking Conclave here........
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