Banking

  ??? ??????  PRESS RELEASE  ??????  ??? ??  ?????  ????, ?? ? ??????, ??.??.??.???, ??????400001  ____________________________________________________________ _________________________________________________________   RESERVE BANK OF INDIA   DEPARTMENT OF COMMUNICATION,  of spell out Office, S.B.S.Marg, Mumbai?400001  ???/Phone: 91 22 2266 0502 ? ?/Fax: 91 22 22660358  ?        : www.rbi.org.in/hindi  Website : www.rbi.org.in  ????? email: helpdoc@rbi.org.in  ???????   marching 9, 2012 RBI Announces Reduction in the CRR Monetary/Liquidity Measures It has been decided to: reduce the capital bear out 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 impede to `480 billion of first liquid into the banking system. In articulate to lower tight fluidity conditions, the cash reserve ratio was repulse down by 50 basis points in the trey thread Review (TQR) of January 2012, injecting primary liquid state of `315 billion into the banking system. The arrest bank building also continued with the open food market operations (OMOs), injecting primary liquidity of over `1,245 billion this pecuniary 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 morphological and frictional factors. This was reflected in the net modal(a) borrowing chthonian 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 shot 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 importantly during the second calendar week of March due to pull ! in tax outflows and the usual frontloading of cash balances by banks with...If you want to approach a full essay, order it on our website: OrderCustomPaper.com

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