Zeebiz.com
Mumbai, June 15: Ahead of the credit policy, SBI Chairman Pratip Chaudhuri Friday said one percent cut in cash reserve ratio (CRR) will lift investors sentiment and mood in the economy.
''If there is a 1 percent CRR cut, I think more than the actual cut which ofcourse would happen in time, it will give a boost to the whole investment mood, the lenders mood and the mood in the economy,'' Chaudhuri said in an interview to a television channel.
He said the bank has requested the RBI to bring down interest rates as it was necessary at this point of time.