Banks may face hit on Q1 treasury gains as RBI discontinues shifting investments from HTM
Move negative for public sector banks which are heavily dependent on treasury gains.
Source: moneycontrol.com
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RBI may reduce I-CRR limit to 5% from 10% of NDTL by Sept 8: Upasna Bhardwaj
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.
Michael Patra Shaktikanta Das Upasna Bhardwaj Kotak Mahindra Bank Monetary Policy Committee Reserve Bank
Source: moneycontrol.com