Wednesday, June 13, 2012

State banks would welcome CRR cut - official


REUTERS - India's state-run banks would welcome a 1 percentage point cut in the cash reserve ratio (CRR) by the Reserve Bank of India (RBI) at its next monetary policy meeting, a senior finance ministry official said on Tuesday.
An employee arranges currency notes at a cash counter inside a bank in Agartala February 18, 2010. REUTERS/Jayanta Dey/Files
The comment came from Financial Services secretary D.K. Mittal, who is in-charge of all state-run financial institutions. (curtsey : reuter)
Rupesh Yatesh Dalal
Head Research Department

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