Ahead of RBI's mid-quarterly policy review, State Bank of India today said a cut in cash reserve ratio (CRR) will give a room to banks for lowering interest rates."More the RBI cuts CRR, greater will be the ability of banks to reduce rates," SBI Chairman Pratip Chaudhuri told reporters here................
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment