Had the issue been raised by anyone else, it could have been out down to ignorance. But when the question, ‘Why is CRR (cash reserve ratio ) not applied to insurance and other companies who are mobilising deposits from the public?’ is raised by Pratip Chaudhuri, the Chairman of The State Bank of India (SBI), the country’s largest commercial bank, desperation, rather than ignorance, is, perhaps, the only reason..........
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