SBI calls for CRR cut as high bond yields alarm banks

SBI chief Pratip Chaudhuri attributed increased government borrowing to be the cause for the rise in bond yields. He called for a cut in CRR by the RBI to ease the crunch in funds.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney
moneycontrol.com

Home » News » Business

Apr 09, 2012, 04.38 PM | Source: CNBC-TV18

SBI calls for CRR cut as high bond yields alarm banks

SBI chief Pratip Chaudhuri attributed increased government borrowing to be the cause for the rise in bond yields. He called for a cut in CRR by the RBI to ease the crunch in funds.

Like this story, share it with millions of investors on M3

SBI calls for CRR cut as high bond yields alarm banks

SBI chief Pratip Chaudhuri attributed increased government borrowing to be the cause for the rise in bond yields. He called for a cut in CRR by the RBI to ease the crunch in funds.

Post Your Comments

Share Cancel

Pratip Chaudhuri, Chairman, SBI

Bond yields have seen a spike of late although they have cooled slightly today. But the spike has alarmed the banking sector. SBI ’s Pratip Chaudhuri attributes increased government borrowing for the yield curve going up. The solution, he explains, is a CRR cut by the central bank.

 

Also read: Expect 25 bps repo rate cut in April policy: Nomura India

 

“The yield curve going up means that the government is borrowing too much and the banking system is not able to provide as much funding. So the only way to ease the supply crunch  is cut CRR,” SBI’s Pratip Chaudhuri told CNBC-TV18.

 

.

 

Buy, Hold, Sell ? Hear it first on M3
SBI calls for CRR cut as high bond yields alarm banks

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login