.........DK Joshi, chief economist of Crisil, said, “One can expect further reduction in SLR. An SLR reduction is a move towards reducing structural constraints to monetary policy transmission and providing banks with more flexibility in their lending decisions.” Though the impact of the change in policy rate is still unfolding, the transmission of policy rate to deposit and lending rates of banks is relatively less pronounced as compared to money market rates reflecting the presence of structural rigidities in the credit market said the report.............
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