RBI rules permit lenders to provide 4 per cent of their net demand and time liabilities (deposits) as CRR and invest 18 per cent in government bonds under SLR...
The central bank held the key repo and reverse repo rates unchanged and retained its accommodative stance as the economic recovery is in its early stages....
A SBI research division report said it was time the govt reconsiders taxation on bank deposits or at least raises the threshold of exemption for senior citizens...