Cash Reserve Ratio (CRR)
In a move which underscores an evident attempt by the Reserve Bank of India (RBI) to give infrastructure lending a notable boost, the country’s central bank will likely give the banks the ability to issue infrastructure bonds. The infrastructure bonds which the banks will be allowed to issue will not attract provisions like the mandatory [...] Continue Reading »
After the Reserve Bank of India’s decision to hold the rates, real estate developers say that although they welcome the reduction in cash reserve ratio (CRR), they are disappointed with the fact lending rates have remained the same. In the policy announcement, RBI cut banks’ Cash Reserve Ratio (CRR) by 25 basis points (bps), while [...] Continue Reading »
