CRR reduction will help banks facing low deposit growth: SBI MD Tewari

Q: How long will it take to read this news story?

The story "CRR reduction will help banks facing low deposit growth: SBI MD Tewari" has 719 words across 25 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "CRR reduction will help banks facing low deposit growth: SBI MD Tewari" was covered 5 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 300 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21726793</li><li>URL: https://beamstart.com/news/crr-reduction-will-help-banks-17216494771789</li></ul>

Business Standard Logo Business Standard 5h ago

CRR reduction will help banks facing low deposit growth: SBI MD Tewari - Business Standard

Quick Summary:

Speaking at an event organised by domestic rating agency Careedge, Tewari said, "We have to look at various avenues for helping tide over the challenge posed by lower deposit growth", and specifically mentioned a request to get bank deposits at par with capital market investments while referring to CRR and SLR.

Lowering the cash deposit ratio or the proportion of deposits which banks are mandatorily required to park with the RBI will help the lenders facing low deposit growth, SBI Managing Director Ashwini Kumar Tewari said on Monday.

Conversations for such a cut are on, he told reporters here, clarifying that the country's largest lender does not need such a reduction as it is well placed on the liquidity front.