Sunday, September 23, 2012

RBI - a few updates



8 % - Unchanged - The Repo rate at which banks borrow from the RBI. It also kept the reverse repo rate - at which the banks park excess cash with the RBI. This keeps the price of loans at the same level.

23% - One percentage point cut. RBI cut the Statutory Liquidity Ratio (SLR) - the share of bank deposits that should be parked in Government Bonds and gold, from 24%.

4.75% - The current CRR (Cash Reserve Ratio) or the deposits the banks have to park with the RBI. A  

0.25%  - point cut in CRR would have injected Rs 16000 crore to the pool of banks' lendable resources.

7% - RBI's expectation on headline inflation at the end of March, 2013, up from 6.5%.

7% -RBI's GDP growth projection for 2012 - 13, down from 7.3%.

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