ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Mixed Signals

Mixed Signals THE credit policy for the second half of the current financial year announced this week cannot be taken on its own, be it the reduction of the banks' lending rate on credit limits of over Rs 2 lakh, the lowering of deposit rates, the phased reduction of the statutory liquidity ratio (SLR) or the release of one-third of the additional cash balances maintained by banks under the 10 per cent incremental cash reserve ratio (CRR). The context in which these changes have been made is extremely important.

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