Government drops plan to use gold deposits as part of CRR, SLR

Last Updated: Monday, August 10, 2015, 19:01

The government has dropped plans to utilise gold mobilised under the proposed monetisation scheme for meeting mandatory liquidity requirements for banks, as it wants to avoid another confrontation with RBI.

RBI expected to stand pat, words weighed for future cuts

Last Updated: Tuesday, August 4, 2015, 04:21

India`s central bank policy review is expected to yield little in the way of action on Tuesday, but its statement will be pored over for clues as to whether there is a chance of another interest rate cut this year.

Interest on loans not to come down as RBI keeps key rates unchanged

Last Updated: Tuesday, August 4, 2015, 00:53

The Reserve Bank of India (RBI) kept its interest rates unchanged at its third bi-monthly monetary policy review on Tuesday.

Rajan trashes bankers call for CRR cut for better transmission

Last Updated: Tuesday, June 2, 2015, 19:54

Dismissing IBA's demand for a CRR cut to better help banks reduce lending rates, RBI Governor Raghuram Rajan today said the mandatory ratio will continue to fetch them zero interest, and cutting the key repo rate in fact helps them better to reduce cost of funds.

This time, RBI may cut rate to spur investment: Bankers

Last Updated: Monday, June 1, 2015, 14:47

"We have surplus liquidity in the system as there has not been much credit offtake. So, repo window does not give banks any advantage as we don't borrow from banks at this point. So, the CRR window helps us bring down cost of funds. We expect and will request 0.5 percent cut in CRR, which would release about Rs 40,000 crore into the system," Bhasin added.

Good interest rate must for success of gold scheme: Nomura

Last Updated: Friday, May 22, 2015, 18:59

At present, banks are offering an interest of up to 1 percent on gold deposits and the same needs to be "much higher" for the new scheme to succeed.

Banks may get nod to use gold deposits for meeting CRR, SLR

Last Updated: Tuesday, May 19, 2015, 19:20

The government is considering allowing banks to utilise gold mobilised under the monetisation scheme for meeting mandatory liquidity requirements set by the Reserve Bank.

Rajan takes on SBI, says no relevance between CRR and cheaper loans

Last Updated: Tuesday, April 7, 2015, 19:36

RBI Governor Raghuram Rajan Tuesday dismissed the demand made by SBI for a reduction in cash reserve ratio (CRR) prior to the policy, as "irrelevant", saying there is no correlation between lower CRR and cheaper loans.

RBI credit policy: Key Highlights

Last Updated: Tuesday, April 7, 2015, 12:03

Highlights of RBI's first bi-monthly monetary policy statement, 2015-16.

RBI credit policy: Rajan offers no respite to borrowers, keeps interest rates unchanged

Last Updated: Tuesday, April 7, 2015, 11:56

Reserve Bank Governor Raghuram Rajan on Tuesday kept policy rate unchanged awaiting clarity on impact of unseasonal rains on food inflation even as he wanted banks to pass on benefits of previous two rate cuts.

No EMI relief for borrowers as RBI keeps interest rates unchanged

Last Updated: Tuesday, April 7, 2015, 08:38

Reserve Bank on Tuesday left interest rate unchanged in its annual monetary policy due to increased food prices after unseasonable rains in various parts of the country.

RBI may go for CRR cut prior April 7: SBI

Last Updated: Wednesday, March 18, 2015, 19:20

The Reserve Bank of India is expected to go for a cut in the CRR as a "prelude" to the monetary policy review meet scheduled to be held on April 7, according to an SBI report.