SEARCH

Business » Economy

Updated: January 22, 2013 23:43 IST

SBI chief for cut in CRR, repo rate

Staff Reporter
Comment   ·   print   ·   T  T  
Pratip Chaudhuri
Pratip Chaudhuri

State Bank of India has urged Reserve Bank of India to reduce Cash Reserve Ratio by 100 basis points and repo rate by 50 basis points.

“Reserve Bank of India’s monetary policy is going to be announced on January 29. We have made a request to reduce CRR by 100 basis points and repo rate by 50 basis points. We feel it is very important to bring down the rate of interest, otherwise investment climate will not pick up and there will be difficulty in generation of employment,” said Pratip Chaudhuri, Chairman of SBI, addressing a press conference here on Tuesday.

More In: Economy | Business
This article is closed for comments.
Please Email the Editor

Commodity prices

Take a look at the prices of various commodities in Chennai here»

The World Economic Forum's Annual meet



O
P
E
N

close

Recent Article in Economy

RBI Governor Raghuram Rajan. File photo

Focus is on medium-term inflation targeting: Rajan

The Reserve Bank of India (RBI) Governor Raghuram Rajan, on Saturday, said the central bank would like to focus on medium-term inflation... »