The country’s largest
In its monetary review recently, the RBI asked banks to keep more cash with it, which will shrink money supply by Rs36,000 crore from the system. The central bank’s move to hike cash reserve ratio (CRR), portion of deposits banks kept in cash with the central bank, by 75 basis points to 5.75% will come into effect from 13 February in two tranches.
Earlier, the largest private sector lender, ICICI Bank CEO and MD Chanda Kochhar had also said that there would be upward pressure on interest rates from the second quarter of this fiscal, because demand for investment would increase.
crackcrackCompany Name | CMP |
---|---|
SBI | 821.85 |
Bank Of Baroda | 246.85 |
Canara Bank | 101.35 |
PNB | 101.70 |
Union Bank Of India | 118.35 |
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