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While private banks’ domestic loan growth was faster than their public-sector peers, PSU lenders drove the asset quality improvement with a declining slippage ratio

Repo Rate definition - What is meant by the term Repo Rate ? meaning of IPO, Definition of Repo Rate on The Economic Times.

The Nifty auto index saw 14 advances with just one decline in Balkrishna Industries. The top gainer was Bharat Forge which was up 2%. Meanwhile, 7 stocks were up in the Nifty Realty index with 2 declines and 1 stock trading on a flat note.

There is an interest among lenders to include credit for electric vehicles under priority sector lending in a bid to increase credit flow to the sector

Move negative for public sector banks which are heavily dependent on treasury gains.

The central bank will review the I-CRR on September 8 or earlier with a view to returning the impounded funds to the banking system ahead of the festival season, Chief Economist at Kotak Mahindra Bank tells Moneycontrol.

Governor Shaktikanta Das said the MPC unanimously voted to leave the repo rate unchanged at 6.5 per cent this time.

RBI MPC meeting LIVE: Shaktikanta Das said that the incremental CRR for banks is a temporary measure and will be reviewed on September 8. 

Das added that the prevailing CRR will remain unaffected. The current CRR in India is 4.5%.

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