business

CRR cut to save Rs 200cr: SBI's Pratip Chaudhuri

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