Neither affordable nor relevant

India’s banking regulator has the unenviable task of nursing the banking sector back to health as well as address macro growth challenges. On the one hand, the country's banks, particularly PSU banks, are struggling with reduced profit and eroding capital, on the other, the RBI’s is trying to revive credit growth by reducing the interest rate and enhancing liquidity. A wide range of decisions have been taken to address the issues facing industry. While the efforts continue it is somewhat surprising that not much action was seen on the cash reserve ratio (CRR) front. Indian bank.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.