.............Non-interest bearing CRR to be maintained by even district cooperative banks has now been raised 100 bps to 4.00 per cent on par with State Cooperative Banks with effect from July 12. RBI has sought to balance this with a cut in the SLR from 25 per cent to 22.50 from the fortnight beginning July 12. Sources in the cooperative sector said district-level banks would find their profitability eroded in the bargain..................
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