What a nice suggestion? “Is it possible that the regulator can - TopicsExpress



          

What a nice suggestion? “Is it possible that the regulator can treat a little bit of our gold deposits as CRR or SLR? -SBI Chairperson Arundhati Bhattacharya CRR, at four per cent now, is the portion of deposits parked by banks with the Reserve Bank of India (RBI) that earns no interest, while SLR, at 22.5 per cent, is the amount of deposits to be mandatorily invested in recognized securities such as government bonds and other liquid assets. SBI is the largest player in the gold deposit scheme segment and is struggling to deploy the entire deposits in productive assets. It makes sense to treat a part of banks’ gold deposits as CRR and SLR. When banks are holding gold, it is of value. I think it makes sense to bring under CRR/SLR.
Posted on: Sat, 28 Jun 2014 19:06:42 +0000

Trending Topics




© 2015