State Bank Group Chairman Pratip Chaudhari has argued for a,
He said that inflation to some extent was inevitable because of fuel price increases. The country could also look at weather it was required to maintain, as buffer stock, such as large quantity of food as being held as stock at present. Part of it could be released for distribution within the country and even exported.
He said Kingfisher airlines would need infusion between Rs. 2,500 crore and Rs. 3,500 crore for its revival and this amount has to come as equity and not as loan.
Mr.Chaudhari said merger of more of the group banks with SBI would be on the agenda of State Bank Group in the coming financial year.
Courtesy: THE HINDU
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| SBI Chief, Pratip Chaudhari |
State Bank Group Chairman Pratip Chaudhari has argued for a,
- 50-100 basis point reduction in Cash Reserve Ratio(CRR).
- 50 basis point cut in Repo Rate.
He said that inflation to some extent was inevitable because of fuel price increases. The country could also look at weather it was required to maintain, as buffer stock, such as large quantity of food as being held as stock at present. Part of it could be released for distribution within the country and even exported.
He said Kingfisher airlines would need infusion between Rs. 2,500 crore and Rs. 3,500 crore for its revival and this amount has to come as equity and not as loan.
Mr.Chaudhari said merger of more of the group banks with SBI would be on the agenda of State Bank Group in the coming financial year.
Courtesy: THE HINDU
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