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IIM Kozhikode collaborates with Emeritus for Chief Marketing and Growth Officer Programme: Best Media Info

IIM Kozhikode collaborates with Emeritus for Chief Marketing and Growth Officer Programme: Best Media Info
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Green deposits: SBI in talks with RBI to lower cash reserve ratio requirement on green deposits

State Bank of India (SBI) chairman Dinesh Khara is in talks with the Reserve Bank to reduce the cash reserve ratio on green deposits. SBI s green deposit scheme aims to attract long-term retail deposits for green and climate-friendly projects. SBI is also evaluating borrowers based on environmental, social, and governance ratings.

SBI in talks with RBI to lower cash reserve ratio requirement on green deposits

Currently, banks have to maintain a CRR of 4.5% on their total deposits, with no distinction provided for green deposits.

SBI explores discussions with RBI to decrease cash reserve ratio for eco-friendly deposits

SBI explores discussions with RBI to decrease cash reserve ratio for eco-friendly deposits
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SBI in talks with RBI for relaxation in CRR requirement for green deposits

SBI in talks with RBI for relaxation in CRR requirement for green deposits
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