To ensure that banks should reduce their landing rates it lowered its repo rate i.e. short-term lending rate for borrowing by banks from 7.5 per cent to 6.5 per cent on Dec. 6, 2008. Besides it cut reverse repo rate (i.e., the overnight rate at which banks park their surpl...
There are considerable gaps in funding for SMEs: In India, the total addressable demand for external credit is estimated to be USD 173 billion[1] while the overall supply of finance from formal sources is estimated to be USD 441 trillion. The Expert Committee on Micro, Small and Medium Enter...
Business leaders statement over the latest monetary policy of Reserve Bank of India (RBI), which kept the rates unchanged on 6th Feb (Thursday). Mr. Mayank Jalan, President, Indian Chamber of Commerce (ICC)on Sixth Bi-monthlyMonetary Policy Statement ‘RBI’s repo rate has been kept unchanged...
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