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RBI should cut CRR by 0.75-1%: SBI

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News from the Real Estate and Financial / business sector to keep you updated. These are taken from RSS feeds, please click on the link in the article to read the complete news.

RBI should cut CRR by 0.75-1%: SBI

Postby autoBOT » Wed May 29, 2013 8:30 am

SBI Managing Director and Chief Financial Officer Diwakar Gupta said the cut in CRR, the portion of deposits banks are required to keep with RBI, would help banks reduce their prime lending rates by 2 per cent to about 7.5 per cent from the current 9.75 per cent to 10 per cent.

Wed, 29 May 2013 02:33:59 GMT
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