Ahead RBIs policy to quarterly review, the State Bank of India on Monday said that the cash reserve ratio (CRR) of banks will cut interest rates, reducing the room.
"More CRR RBI single, large banks to cut rates to" SBI chairman Pratip Chowdhury told reporters here.
Cash Reserve Ratio (CRR) for banks that have deposits with the Reserve Bank is required to keep the part.
March 9, the Central Bank 0.75 per cent cut in CRR 4.75 percent. January, the RBI reduced CRR by 0.50 per cent from the market to ease liquidity position.
2012-13 June quarter monetary policy review scheduled for the mid -18.
Chaudhry said that the CRR with RBI, SBI slashed car and education loans at reduced interest rates and the DEVELOPING Cuts deep to make lending.
To another query, he said that the current Tier I - capital adequacy ratio of 9.67 percent. SBI Capital was therefore not a burden and profitability is expected to be good.
He said that the interest margin is available at the end of April was very strong.
SBI has already given guidance as Nim, 3.85 per cent on last year's first quarter will be at least 3.75.
On the merger of SBI with State Bank of Mysore, he said that the economic rationale for the merger as strong as ever, but the merger of the capital required.
"So we have our annual results of the final form and may receive some attention. We'll see how to proceed during the current financial year," he said.
He further said that the bank is under stress, agriculture and SME areas, articularly.
"We have been supplying DEVELOPING payment is realized, particularly state government, utilities related to the difficulty," he said.
He said the rain a bit so far has been inadequate in many parts of the country, but it was a good crop last year. "We have to see how it develops in the autumn of this year," he said.
