News on RBI Repo Rate & CRR with Equity Tips

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The Reserve Bank of India (RBI) today heard the government's clarion call, cutting its policy repo rate by 25 basis points to bring it down to 6.50 percent at the first bi-monthly monetary policy meeting of the fiscal year.

Cash Reserve Ratio has been kept unchanged, Statutory Liquidity Ratio (SLR) of scheduled banks, has been reduced by 25 basis points from 21.5 percent to 21.25 percent of Net Demand and Time Liabilities (NDTL).

Repo rate is the rate at which the central bank lends to banks. CRR and SLR are percentage of liabilities that banks have to hold in cash and liquid assets, respectively.

More importantly, the central bank announced steps to boost liquidity in the system which would help banks pass on the benefits of lower rates to its borrowers. 

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RBI call rings: SBI announces rates based on marginal cost   

State-run lender SBI today announced a move towards marginal cost of funds based lending rates (MCLR), with effect from April 1, 2016, in line with a Reserve Bank policy that called for a shift to the new regime. 

As per the new mechanism, SBI said its MCLR would range from 8.95 percent to 9.35 percent for loans of different tenors, ranging from overnight to three years .

SBI Stock Price

On March 30, 2016, State Bank of India closed at Rs 197.55, up Rs 0.00, or 0.00 percent. The 52-week high of the share was Rs 305.00 and the 52-week low was Rs 148.30. 

The company's trailing 12-month (TTM) EPS was at Rs 16.01 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 12.34. The latest book value of the company is Rs 165.49 per share. At current value, the price-to-book value of the company is 1.19.

सेविंग अकाउंट होल्डर्स के लिए खुशखबरी

करोड़ों सेविंग अकाउंट होल्डर्स के लिए अच्छी खबर है। रिजर्व बैंक ऑफ इंडिया ने बैंकों को निर्देश दिए हैं कि वो हर तिमाही या उससे भी कम अवधि में ब्याज का भुगतान करें। यानी अब आपको 6 महीने की जगह हर 3 महीने में ब्याज मिलेगा। रिजर्व बैंक ने इसके लिए 3 मार्च को सर्कुलर जारी किया था। जहां सरकारी बैंक सेविंग्स अकाउंट पर 4 फीसदी ब्याज देते हैं वहीं प्राइवेट बैंक करीब 6-7 फीसदी तक भी ब्याज दे रहे हैं। माना जा रहा है कि हर 3 महीने में ब्याज देने पर बैंकों पर 500 करोड़ रुपये का बोझ आ सकता है। 

 

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