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Developers hail CRR cut; hope banks to fund realty projects

Last Updated: Friday, March 9, 2012, 19:38

Terming RBI's decision to reduce cash reserve ratio (CRR) as a "positive step", the realty body CREDAI Friday said the move would enable financial institutions to fund real estate projects.

RBI cuts Cash Reserve Ratio by 0.75%

Last Updated: Friday, March 9, 2012, 18:00

Reserve Bank of India (RBI) on Friday reduced the cash reserve ratio (CRR) by 0.75 percent to 4.75 percent to be effective from March 10.

RBI hints at another CRR cut; rules out SLR reduction

Last Updated: Monday, March 5, 2012, 15:30

The Reserve Bank on hinted at another reduction in the Cash Reserve Ratio (CRR) of banks to ease the severe liquidity in the system but ruled out a cut in the statutory liquidity ratio or SLR.

RBS expects CRR, SLR cut before RBI monetary review

Last Updated: Thursday, March 1, 2012, 19:34

Private sector lender RBS India Thursday said it expects some concrete measures from the Reserve Bank to ease the tight liquidity situation in the system, before the scheduled mid-quarter review on March 15.

RBI to buy Rs 10k cr worth govt securities on Dec 8

Last Updated: Monday, December 5, 2011, 23:24

To tide over the current liquidity crisis, the Reserve Bank on Monday announced that it will purchase government securities worth Rs 10,000 crore on Thursday through Open Market Operations.

Class 12 student killed over love affair with teacher

Last Updated: Friday, January 7, 2011, 15:11

The body of Veekesh, 18, student of SLR Public school, was recovered Thursday from Hemchandra Park in Mainpuri town, some 200 km from Lucknow.