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.

Auto, consumer durables stocks rise on cheaper credit by banks

Last Updated: Friday, October 4, 2013, 12:10

Led by the gains in these stocks, the BSE auto index was trading higher by 2.03 percent at 11,590.70 and was the best performer among the 13 sectoral indices.

Consumers to get cheaper loan for auto, consumer goods purchase

Last Updated: Thursday, October 3, 2013, 16:37

Ahead of the festival season, public sector banks will provide cheaper loans for auto and consumer goods purchases with a view to stimulating demand.

Chidambaram says favours cheap loans for exporters

Last Updated: Friday, September 27, 2013, 19:09

The finance ministry is in talks with the Reserve Bank of India (RBI) to make bank loans cheaper for exporters, Finance Minister P Chidambaram said on Friday, a move that could help reduce wide current account deficit by boosting export income.