Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2010-01-30

CRR hike might not affect SMEs

The Reserve Bank of India on Friday in its third quarter review of monetary policy 2009-10 increased mandatory cash reserve of banks held by it by 75 basis points.

CRR hike might not affect SMEs

The Reserve Bank of India on Friday in its third quarter review of monetary policy 2009-10 increased mandatory cash reserve of banks held by it by 75 basis points.

 

Bankers and other experts say said that they do not expect hike in interest rates for six months despite the hike in the Cash Reserve Ratio.

 

Mr M.V. Nair, Chairman, Indian Banks' Association and CMD, Union Bank of India, said that in general banks may not pass on the higher cost to borrowers at least up to the first quarter of the next fiscal. This means retail and SME borrowers have no reason to fear an interest rate hike, at least for the next six months.

 

Mr O.P. Bhatt, Chairman, State Bank of India also told reporters that he does not expect lending rates to change in the next six months. Deposit rates may not immediately go up either.

Related opportunities
  • Quick Service Restaurants
    About Us: Nainital Momos was setup with an aim to prepare..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Casual Dine Restaurants
    About Us: Crazy Noodles is a unique franchise opportunity in the..
    Locations looking for expansion Delhi
    Establishment year 2008
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Skills / Personality Development
    About Us: Tally Brains are a TNP based registered firm that..
    Locations looking for expansion CHHATTISGARH
    Establishment year 2013
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater RAIPUR CHHATTISGARH
  • About Us: Started in Dehradun, Bubbles is India's first preschool based..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads