State Bank of India Chairman Pratip Chaudhuri again made a strong pitch for a reduction in banks’ Cash Reserve Ratio (CRR) at the Reserve Bank’s mid-quarter review of monetary policy scheduled September 7....................
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.
1 comment:
If one per cent cut in CRR which will improve SBI's annual income by 800 crore and will help SBI to reduce base rate, common man gets a genuine doubt as to the annual gain the bank wll be maing by the slashing of domestic term deposit rates by 50-100 basis points and what proportion of such gain is being passed on to borrowers by reducing lending rates. It is intiguing that bankers argue with one set of facts and figures while they are talking about deposit rates and pick up some other arguments when it comes to lending rates. Indian banks have to seriously think in terms of reducing net interest margins by better housekeeping, skill-development and infusing professionalism in business. M G Warrier
Post a Comment