The RBI has cut cash reserve ratio (CRR) by 25 basis points to 4.50%. Pratip Chaudhuri, chairman, SBI welcomed the move. "For us, it is a relief of about Rs 2,500 crore. If we put 8% value on that, it comes to a saving of Rs 200 crore," he said.
first published: Sep 17, 2012 01:25 pm
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