The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
The Reserve Bank of India (RBI) Governor D. Subbarao to be present the annual monetary policy for this fiscal year 2010-2011 on Tuesday, 20 April 2010, accompanied by a classical predicament faced by all central banks of India to keep the momentum of growth or to harness in inflation.
The Reserve Bank of India (RBI) Governor D. Subbarao has already signaled the exit of an accommodative monetary regime to tackle spiraling price rise by hiking key interest rates in last few months.
With the signs of improvement in credit growth and a vision for near-term economic growth, The Reserve Bank of India (RBI) Governor D. Subbarao is expected to hike its repo and Reverse Repo Rates (RRR) by about 50 basis points (BP) in the meeting that is held on Tuesday, April 20, 2010.
The repo rate now stands revised to 5 percent and the reverse repo rate to 3.5 percent.
The Cash Reserve Ratio (CRR) is that portion of the customers’ deposits that the bank has to keep idle or in liquid form.
An increase in the Cash Reserve Ratio (CRR) harmfully impacts margins immediately.
This is the main point of disagreement between bankers and economists are whether and how much The Reserve Bank of India (RBI) will change Cash Reserve Ratio (CRR).
35% are of the opinion that RBI will hoist it by 25 basis points, 30% believe it will be increased by 50 basis points and 35% believe it will maintain status quo.
(RBI) To Present Annual Financial Credit Policy on 20 April, 2010 The Reserve Bank of India (RBI) Governor D. Subbarao to be, Online Breaking News Portal, Your Online News Channel for All Latest News,Rbi Credit Policy | Rbi To Present Annual Financial Credit Policy On 20 April, 2010 The Reserve Bank of India (RBI) Governor D. Subbarao,
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