Wednesday, July 15, 2015

RBI cuts SLR by 50 bps to release ` 40,000 cr

The 50-basis-point cut in the SLR to 22.5 per cent (from 23 per cent) of bank deposits, starting mid-June, will expand banks’ resource base by about ` 40,000 crore. This amount, currently invested in government securities, could get released for lending purposes.


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