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ICRR IMPACT ON BANKS
Deposit rates unlikely to rise with soaring credit demandThe phased withdrawal of the incremental cash reserve ratio (ICRR) between September 9 and October 7 would help banks to meet the festive c...12 Sep, 2023, 12.12 AM IST- Further rise in deposit rates unlikely as banks look to protect marginBanks in India are unlikely to engage in a deposit war despite an anticipated increase in credit demand during the festive season. Most len...11 Sep, 2023, 07.49 PM IST
- Sane capital will now start relocating from lower cap stocks to banking sector: Nilesh Shah"Generally, we have seen ahead of election cycles, there is more money in the pockets of consumers, especially at the bottom end of the pyr...11 Sep, 2023, 05.00 PM IST
- Prefer Axis, ICICI among largecap banks; midcap banks not a favourite: Sandip Sabharwal“Axis Bank and ICICI Bank are better placed because they do not have those merger issues to deal with. In the near term, because HDFC Bank ...11 Sep, 2023, 10.45 AM IST
- Hot Stocks: Brokerages view on Persistent Systems, Ujjivan SFB, HDFC Bank and Craftsman AutomationPersistent has performed well recently in the last 1 month. The stock is not factoring in near-term softness - decision-making has not impr...11 Sep, 2023, 10.27 AM IST
- NBFCs bracing for a rise in borrowing costsJapanese brokerage Nomura Securities expects cost of funds for NBFCs to increase by 30-40 basis points by December 2023 due to a broad incr...09 Sep, 2023, 08.03 AM IST
- Economists welcome RBI move to withdraw ICRR in a phased mannerThe Reserve Bank of India's decision to discontinue the Incremental Cash Reserve Ratio (ICRR) in a phased manner is seen as a prudent move ...08 Sep, 2023, 04.28 PM IST
- 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,...06 Sep, 2023, 03.59 PM IST
- MPC Minutes: Excess liquidity on RBI radarIndia's Consumer Price Index inflation surged to a 15-month high of 7.44% in July, shooting past the MPC's tolerance band of 2-6%. The MPC'...25 Aug, 2023, 06.48 AM IST
- India's banking system liquidity slips into deficit first time in FY24Banking system liquidity stood at a deficit of Rs 236 billion ($2.84 billion) as of Aug. 21, according to RBI data. Liquidity surplus had h...22 Aug, 2023, 01.49 PM IST
- Deposit boom with Rs 2,000 notes may not last: BankersCurrency with the public has dropped by Rs 1.56 lakh crore to nearly Rs 32.2 lakh crore as on July 28 from Rs 33.7 lakh crore on May 19. Th...16 Aug, 2023, 11.47 AM IST
- 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...15 Aug, 2023, 07.56 PM IST
- Mutual fund managers decode RBI rate pause for investors"Overall, a well-balanced policy on expected lines with remote likelihood of any more rate hikes for now. A long wait for rate cut cycle as...10 Aug, 2023, 03.04 PM IST
- 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...10 Aug, 2023, 01.12 PM IST
- RBI move will suck out Rs 1 lakh crore liquidity from banking system"Hiking the CRR would have had monetary policy connotations, so the temporary increase is aimed to be a non-disruptive way of dealing with ...10 Aug, 2023, 12.29 PM IST
- RBI policy outcome expected but what brought bank stocks under pressure?RBI mandated banks to maintain the ICRR at 10% of the net demand and time liabilities (NDTL) between May 19 and July 28. The Monetary Polic...10 Aug, 2023, 12.05 PM IST
- ICRR a temporary measure and won’t have too much impact on us: Ashwini Kumar Tewari, SBI"Loan growth has been outpacing the deposit growth for the last several quarters starting from September of last year. It is not only in pe...10 Aug, 2023, 12.04 PM IST
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