CRR reduction: A catalyst for credit growth; SBI, HDFC Bank could give 10-15% return
ETMarkets.com In the Reserve Bank of Indiaβs (RBIβs) Monetary Policy Committee (MPC) meeting on December 6, 2024, the cash reserve ratio (CRR) was reduced from 4.5% to 4%, releasing additional liquidity into the banking system. This move is expected to enhance the lending capacity of banks, supporting credit growth and economic recovery. On the other…
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RBI monetary policy: MPC cuts CRR by 50 bps to 4%; market turns positive
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday reduced the Cash Reserve Ratio (CRR) by 50 basis points to 4%, bringing it back to the level before the policy tightening cycle began in April 2022. The announcement was made by Governor Shaktikanta Das in his final speech of this…
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UCO Bank, other PSU bank stocks rally up to 8% as investors expect CRR cut from RBI
Shares of PSU bank stocks like UCO Bank and Central Bank of India rallied up to 8% on Wednesday as a three-day meeting of the Reserve Bank of India (RBI)’s rate-setting panel began today in which brokerages expect Governor Shaktikanta Das to cut cash reserve ratio (CRR). Global brokerage firm Citi said that if the…
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