CRR REDUCED AGAIN..

[laxman]

Hi Friends,

FM has announced the reduction in CRR by 1% again.. So what do u think about it... It will have any impact on current situation????

 

[neha archana]

FM has announced the reduction in CRR by 1% again it will have impact on economy because it will increase the capital of the bank. it will help in making financially strong. it will increase the money in the market and peoplewill get money from bank for their use.:SugarwareZ-064:

 

[anteshk]

its a good initiative taken by fm ..........................................

 

[CITYBOY]

yup.it will increse the liqidity in the banking system

 

[neha archana]

:SugarwareZ-192:hi i am again sending this message so please anyone can give me the exact answer of this question

 

[khaitansaket]

evertime something happen rbi is ready to reduce crr there should be other measures 2

 

[rahultikku]

CRR reduction will result in more cash with the banks and that means more lending which will attract people to buy loans at a cheaper rate. This will introduce liquidity in the market as more cash flow will take place.

 

[priyanshu007]

Hi Friends,

FM has announced the reduction in CRR by 1% again.. So what do u think about it... It will have any impact on current situation????

This was done to bring in more cash into the system or in other words, to bring more liquidity.

Changes in the CRR may result in a change in the interest rates on loans and deposits offered by banks. However, home loans (or for that matter any loan) are not directly linked to the CRR. As there is no CRR based home loan (as per my knowledge goes)...