Cash Reserve Ratio (CRR) rates
The public sector lender Bank of Maharashtra on Monday stated that it has been planning to start the infrastructure bonds in the upcoming six months in order to raise funds. The Reserve Bank of India (RBI) has recently omitted long term bonds from the mandatory regulatory norms like the Cash Reserve Ratio or CRR, the [...] Continue Reading »
CREDAI, the apex body of realtors, welcomed the RBI’s decision to cut cash reserve ratio (CRR) by 0.25 per cent. However, they also felt that reduction in repo rate was needed to boost the real estate sector. The Indian real estate industry has expressed hope that a part of Rs 17,000-crore worth liquidity infused by [...] Continue Reading »
Reserve Bank of India has announced a cut in the cash reserve ratio (CRR) by a quarter of a percentage point (25 basis points) to 4.5% in its policy review meeting. With the announcement, home and auto loans will gradually become cheaper over the next few months. However, the RBI disappointed industry by leaving repo [...] Continue Reading »
The Cash Reserve Ratio (CRR) rates has been cut down by the Reserve Bank of India (RBI). The Confederation of Real Estate Developers’ Associations of India (CREDAI) is all happy to welcome the cut down of CRR rates by 50 base points. This policy is said to improve the liquidity in the realty sector. Now, [...] Continue Reading »
