CASH RESERVE RATIO
China cuts banks’ reserve ratios again, frees up $115 billion to spur economy
The People's Bank of China (PBOC) said on its website it will cut banks' reserve requirement ratio (RRR) by 50 basis points, effective Jan. 6. The move would bring the level for big banks down to 12.5%. The PBOC has now cut RRR eight times since early 2018 to free up more funds for banks to lend as economic growth slows to the weakest pace in nearly 30 years.
China cuts banks' reserve requirements again to spur slowing economy
The PBOC has now cut RRR eight times since early 2018.
What are CRR & SLR with respect to banks?
Unlike CRR, money invested under the SLR window earn some interests for banks.
Dollar snaps 6-day losing streak, yuan shrugs off PBOC cash injection
The dollar snapped a six-day losing streak to add 0.2 per cent on Thursday.
A cooperative run by RBI officers is stuck in the middle of the PMC bank snafu
The Reserve Bank of India Officers' Co-op Credit Society, the report claims, has its biggest FD with PMC Bank.
UCO Bank plans to disburse Rs 4000 crore in next 45 days
The bank has set a target of Rs 2,700 crore retail loan disbursement under the overall plan and is focusing on home loans, car loans and gold loans to achieve this. The balance Rs 1,300 crore will be lent to micro, small and medium enterprises (MSMEs).
RBI panel suggests long-term repo operations to manage liquidity
The RBI had set up the internal working group to review the current liquidity management framework.
RBI Governor Shaktikanta Das expects economy to revive soon, feels slowdown cyclical, not structural
He exuded confidence of growth reviving soon on the back of cheaper money and likely more government measures.
Govt can fund cash dole-outs with bonds or higher taxes: Report
It said a 6.4 percent increase in direct tax mop up can help offset the increase in the Center's fiscal deficit, adding such a hike will have to be done on both individual and corporate tax rates.
China's Central Bank to cut reserve requirement ratio for fourth time
The move to cut the amount of cash which most commercial and foreign banks must hold in reserve, to repay loans obtained via the central bank's medium-term lending facility, will take effect on October 15.
GDP growth in Q4 likely to moderate to 6.1-5.9%, may lead RBI to cut rates: SBI report
The slip in GDP growth may force the RBI to move with a deeper 0.50% cut in rates at its next meet, the report said.
Watching NBFC players closely, panel looking at ways to address liquidity issues: RBI Guv
RBI will ensure that adequate liquidity is available in the system, Das said.
China shares end higher after reserve requirement cut
At the close, the Shanghai Composite index was up 0.72 percent at 2,533.09 points.
IRCTC surges 133% after street debut, but ‘upside looks capped’
The stock closed at Rs 743.8 on Monday, up 133 per cent over its issue price — the best closing on debut in 12 years.
India’s reliance on Central Bank cash puts budget funding at risk
For Modi, finding the resources to fund recurring government expenses has turned out to be quite a task.
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