CRR - Latest News on CRR | Read Breaking News on Zee News

Real estate industry says rate cut to boost housing demand

Last Updated: Tuesday, January 29, 2013, 18:07

The RBI on Tuesday cut short-term lending rate, called repo, by 0.25 percent to 7.75 percent and Cash Reserve Ratio (CRR) by a similar margin to 4 percent, releasing Rs 18,000 crore primary liquidity into the system.

Challenge for banks to pass on RBI rate cut: IOB Chief

Last Updated: Tuesday, January 29, 2013, 17:32

Stating that RBI has "guardedly" cut policy rates, public sector Indian Overseas Bank Tuesday said it would be a challenge for banks to pass on the benefit of the rate cut to push growth.