Apr 09, 2012, 04.38 PM | Source: CNBC-TV18
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.
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.
“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.
Jai Bala of Cashthechaos.com is of the view that o
The bank also launched its mobile wallet as a paym
The central government has sanctioned the proposal
The firm estimates that the 11-rated PSBs need Rs
Manoj Murlidharan of Religare Securities recommend