Harsh's views on recently announced RBI's credit policy and it's impact on home loan customers.  January 29, 2010

As widely expected, RBI announced an increase in Cash Reserve Ratio (CRR)  by 0.75 per cent to take effect during in two tranches in the month of February 2010. The Reserve Bank of India has hiked its Cash Reserve Ratio by 75 bps to 5.75% as against 5% at its credit policy meet (100 basis points=1%) which will be implemented in two stages. The first 50 bps hike will come into effect on February 13 while the next 25 bps hike will be effective February 27. The Central Bank has left unchanged the Reverse Repo, Repo, and Bank rate at 3.25%, 4.75%, and 6% respectively.

 

So what does all this translate into for customers like you and me?

 Press Releases:

•  Compare critical illness policies - Tools from Apnapaisa
• Apnapaisa announces investment by Jafco and Sequoia

Ms. Bienu Vaghela

Mobile: +91 9819921962
Tel: +91 22 40777178
Fax: +91 22 66131901
Bienu.vaghela@apnapaisa.com

 

• Photos
• Logos