It’s no longer a question of whether bank interest rates will harden or not.The debate now is around the timing of that hike. Top bankers in the country are still reviewing the repo rate hike.
Bankers feel that a PLR hike might not be necessary immediately but they are assessing the situation and can’t rule it [...]

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Growing inflationary pressures on the domestic economy beacuse of unprecedented jump in international crude oil prices might prompt the Reserve Bank of India to hike cash reserve ratios, a top banking industry official said on Wednesday.
“You may probably see some more liquidity controls like the CRR being altered again…if oil prices go beyond tolerable levels..,” [...]

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This could possibly be the best Christmas gift from the Reserve Bank of India to bank customers. The central bank has proposed to allow customers of one bank to withdraw cash from ATMs of other banks free of charge from April 2009.
In a draft paper on pricing and access to ATMs, RBI said that current [...]

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