Banking

 

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RESERVE BANK OF INDIA  

DEPARTMENT OF COMMUNICATION,  of import Office, S.B.S.Marg, Mumbai?400001  ???/Phone: 91 22 2266 0502 ? ?/Fax: 91 22 22660358  ?

 

 

 

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marching 9, 2012 RBI Announces Reduction in the CRR Monetary/Liquidity Measures It has been decided to: reduce the capital support ratio (CRR) of scheduled banks by 75 basis points from 5.5 per cent to 4.75 per cent of their net demand and time liabilities (NDTL) effective the fortnight beginning March 10, 2012.

This reduction will inject close to `480 billion of first liquid into the banking system. In articulate to ebb tight fluidity conditions, the cash reserve ratio was cut down by 50 basis points in the Third thread Review (TQR) of January 2012, injecting primary liquidity of `315 billion into the banking system.



The Reserve bank building also continued with the open market operations (OMOs), injecting primary liquidity of over `1,245 billion this financial year so far, of which `528 billion was injected after the TQR. Despite these measures, the liquidity deficit has remained broad on account of both structural and frictional factors. This was reflected in the net average borrowing under the Reserve Banks liquidity adjustment facility (LAF) rising from an average of `1,292 billion in January 2012 to `1,405 billion in February. Net injection of liquidity done LAF rose to a peak of `1,917 billion on March 1, 2012, though subsequently it declined to `1,273 billion on March 7, 2012. Further, the liquidity deficit is expected to increase significantly during the second calendar week of March due to advance tax outflows and the usual frontloading of cash balances by banks with...If you want to get a full essay, order it on our website: Orderessay



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