NEWS & ADVICE : HOME LOANS
To hike credit growth, RBI should reduce CRR: Allahabad Bank ED
By Joseph Samson
Oct 8, 2012
Print    Email    RSS   

Joining the group of major Indian bankers who are appealing for a further cut in cash reserve ratios (CRR) from the central bank, Mr. T. R. Chawla, the Executive director of Allahabad Bank has also made a similar plea to the Reserve Bank of India.

Mr. Chawla is pitching for a reduction in CRR so that the slow credit growth in the economy can pick up pace. It is to be noted that RBI will be reviewing the key policy rates for its second quarter monetary policy on October 30, 2012.

Cash reserve ratio refers to the certain quantity of funds which the banks are required to maintain with the reserve bank.

Citing a reason for supporting a rate cut in CRR, he said that as inflation was still a concern, a reduction in rates will accelerate credit growth. He also said that he was hopeful that RBI will be considering changes in policy rates.

It is reported that the growth in the retail loans segment in low, not only for Allahabad Bank, but for the entire banking industry. Bankers feel that a decrease in CRR would help them to provide credit at lower rates, which will be beneficial to the customer and thus increase credit growth.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Carnival of Indian Personal Finance Blogs #2
Hybrid loans – are they beneficial?
Effect of employment on loan eligibility...
How to increase one’s Home Loan Eligibility
RBI reports 19.73% credit growth of banks...


[+27737230265] ((((((CYTOTEC PILLS AVAILABLE IN...
[?[?[GLOBALLY IN Randburg}]?] [+27737230265] Buy...
HOT NEWS +27737230265 abortion pills in Dubai?,...
PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive