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INCREMENTAL CRR
FCNR(B) window may save banks Rs 4,000 croreBanks are poised to save approximately ₹4,000 crore annually by raising deposits through FCNR(B) accounts, as the RBI covers hedging costs,...- Explained: Why RBI’s FCNR(B) and ECB swap window could be a game changer for banksRBI’s FCNR(B) and ECB swap windows aim to boost liquidity, stabilise the rupee and ease funding costs for banks. Attractive returns for NRI...
- RBI move sparks race among banks to raise FCNR(B) deposit rates; smaller lenders offer over 7% on USD depositsBanks are aggressively increasing interest rates on NRI dollar deposits. This move follows a special RBI dispensation to boost foreign curr...
- Mahantesh Sabarad on why metal stocks are down & new points to track now“Now that we are going to enter the post monsoon credit season wherein you will find that deposit growth actually accelerates further ahead...
- SBI MD on YONO 2.0, growth, incremental CRR and more"The impact of incremental CRR differs from one institution to another. The large banks may not have significant impact because most of us,...
- Incremental CRR: As liquidity tightens, banks push CDsThe acceleration in the issuance of CDs — which are short-term debt instruments used by banks to raise funds —— comes after the RBI imposed...
- RBI signals intent to soon return funds sucked via incremental CRR hikeThe Reserve Bank of India (RBI) has stated that it is likely to return the impounded funds related to the temporary increase in cash reserv...
- RBI could extend incremental CRR to rein in liquidityThe RBI may not increase the repo rate as it ascertains the durability of high food prices while seeing the impact of previous rate hikes w...
- Imposing ICRR may prompt banks to raise deposit ratesIn his latest monetary policy statement, governor Shaktikanta Das imposed a temporary incremental cash reserve ratio (I-CRR) of 10% on incr...
- RBI asks banks to set aside incremental CRRThe Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday directed banks to set aside a larger part of incremental deposits unde...
- Banks await clarification from RBI on CRR exemptionsLenders say they will not avail the benefit till there is clarity as any miscalculation in CRR could invite penalties.
- RBI Act to be amended to provide new liquidity management toolUnlike CRR, deposits parked with the RBI through this new facility could earn banks interest.
- SBI chief wants RBI to seek Parliament nod to pay banks on CRRThe RBI said the move was intended to absorb a part of the large increase in liquidity in the system following the withdrawal of old high-v...
- Bank of Baroda and Bank of India lower lending ratesBank of Baroda will be charging 9% for six months, 9.05% for one to three years and 9.25% for five years.
- Need for non-disruptive mode of liquidity absorption: ReportIn order to manage liquidity condition post demonetisation, the RBI on November 28 had asked banks to maintain an incremental CRR of 100 pe...
- RBI's cash reserve ratio move to put monthly burden of Rs 1,050 crore on banksRBI last week asked banks to maintain 100 per cent of the deposits accrued between September 16 and November 11 as incremental CRR balance ...
- Will a CRR hike spoil the debt mutual fund party?“Fundamentally we are convinced that the rates in India have to ease in a gradual manner. The investors should remain invested and not pani...
- RBI's diktat for retro CRR puts banks at risk of defaultIf the central bank fails to issue clarification, banks would default on their CRR obligations, which would invite penalty from the regulat...
- Infosys gives salary hike of 4-10% for employees between job levels 2 and 6In February, the company had said it would give an average of 5% to 7% salary increase for employees between job levels 2 and 6.
- Growth afloat on RBI's new life buoysRBI and the govt are working on new ways to control liquidity in the face of relentless forex inflows.
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