Finance Ministry States that by Reducing SLR by 50 Basis Points in its Bi-Monthly Credit Policy Announced Today, RBI has Given Banks Greater Leeway to Lend

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Finance Ministry States that by Reducing SLR by 50 Basis Points in its Bi-Monthly Credit Policy Announced Today, RBI has Given Banks Greater Leeway to Lend
News and Press Release
Dated:- 5-8-20 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 14

The Ministry of Finance states that in RBI's bi-monthly credit policy announced today, the Reserve Bank of India (RBI) has kept the policy rate unchanged, as expected by markets. RBI has, ho .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... wever, reduced the SLR by 50 basis points giving banks greater leeway to lend, the Ministry adds. The Ministry further observes that as the economy picks-up and demand grows, this will allow an increa .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... se in bank credit. Recent data on inflation shows that inflation is moderating. The Finance Ministry states that on its part, the Government remains committed to the path of fiscal consolidation and r .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... eviving the investment cycle that will help bring down inflation and pick-up growth further. The Governor, RBI has already stated that RBI will not hold interest rates high any longer than is necessar .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... y and if disinflation proceeds as warranted, there will eventually be room to cut rates. The Ministry further states that going forward, the RBI should examine the liquidity situation, inflation and g .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rowth in setting policy rates.
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X