RBI’s, in its first bi-monthly policy after elections has: Reduced the Statutory Liquidity Ratio (SLR) by 50 basis points to 22.5%. This will: Give banks more freedom to expand credit to the non-govt sector increasing their lending to private sector. Opens up the possibility of a large reduction of govt debt holdings by banks. Help infuse around Rs.40,000 crore into … [Read more...] about RBI’s Bi-Monthly Policy