Banking

  ??? ??????  PRESS RELEASE  ??????  ??? ??  ?????  ????, ?? ? ??????, ??.??.??.???, ??????400001  ____________________________________________________________ _________________________________________________________   RESERVE BANK OF INDIA   DEPARTMENT OF COMMUNICATION,  of substance 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 leap out ratio (CRR) of scheduled banks by 75 basis points from 5.5 per centime to 4.75 per cent of their net demand and time liabilities (NDTL) effective the two weeks beginning March 10, 2012. This reduction will inject limiting to `480 cardinal of first liquid into the banking system. In arti culate to reduce tight fluidity conditions, the cash reserve ratio was deracination down by 50 basis points in the ternary thread Review (TQR) of January 2012, injecting primary runniness of `315 billion into the banking system.

The grant bank building also continued with the open commercialise operations (OMOs), injecting primary liquidity of over `1,245 billion this fiscal 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 morphologic and frictional factors. This was reflected in the net comely borrowing net her the Reserve Banks liquidity adjustment f! acility (LAF) rising from an average of `1,292 billion in January 2012 to `1,405 billion in February. Net dig 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 take in tax outflows and the usual frontloading of cash balances by banks with...If you want to fascinate a full essay, order it on our website: OrderCustomPaper.com

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