The RBI could also suggest large non-banks be required to maintain a cash reserve ratio. For banks this ratio is 3%,reduced from 4% in a measure the central bank imposed that is to be reversed after March 31.
If you want to change selection, open document below and click on "Move attachment"
Unknown title asked not to be named as the discussions on the proposals are not public. India’s banks must maintain at least 18% worth of deposits that they must hold in cash, gold or government securities. <span>The RBI could also suggest large non-banks be required to maintain a cash reserve ratio. For banks this ratio is 3%,reduced from 4% in a measure the central bank imposed that is to be reversed after March 31. The move could be a huge cash drain for the sector which is currently free from maintaining these reserve ratios, allowing them to lend to sub-prime lenders as well. The proposal is exp Summary
| status | not read | | reprioritisations | |
|---|
| last reprioritisation on | | | suggested re-reading day | |
|---|
| started reading on | | | finished reading on | |
|---|
Details