The RBI, in its credit policy review, has increased the requirement of SLR by 100 basis point to 25%. The other key rates, including CRR, REPO and reserve REPO rates kept unchanged. The RBI has rightly tightened the provisioning norms for NPAs. The reality sector which was expecting some favorable policy decision been disappointed. This kind of independent, pragmatic policy measures taken by RBI has saved the country from financial melt down as experienced by some Western countries during the last year. And it so no surprise that RBI has been hailed as one the best regulator in the world.
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