HOME | BUSINESS | CREDIT POLICY 1999-2000

NEWSLINKS MILLENNIUM- FEATURES INDIA & THE WTO NEW GOVERNMENT SPECIALS INTERVIEWS COMMENTARY CREDIT POLICY BUDGET 1999-2000 USEFUL INFO ARCHIVES SEARCH REDIFF	NEWS: APRIL 1, 2000 •RBI slashes bank rate, cash reserve ratio, repo rates by 1 per cent NOVEMBER 1999 - APRIL 2000 •CRR cut to 9 pc, bank and interest rates left untouched •Jalan scales down GDP growth estimate to 6-6.5 pc, eases FDI norms •Policy With Potentially Profound Implications: A Review •Banks may yet be able to operate an MMMF without starting an AMC •Bimal Jalan missed the opportunity to stimulate business sentiment •Bankers hail Jalan's moves; views mixed on review of PLR, deposit rates •Banks free to delink interest rates from PLR •Housing loans to be treated as priority sector lending •Banks to get liquidity support to tide over Y2K-related demand •RBI panel moots classification of banks' investments •'There was no need to cut CRR, RBI should have targeted interest rates' •Highlights of the Monetary and Credit Policy •RBI group to study retailing of govt securities •President's address has enough hints for Bimal Jalan •Assocham seeks review of cross subsidisation for priority sector •Experts call for CRR cut, demand-generative credit policy MAY-OCTOBER 1999 •Expansionary policy from a Governor in tune with government •Precautionary policy: Bimal Jalan prepares the economy for the outcome of political turmoil •RBI cuts CRR to 10 pc; money supply growth for '99-2000 put at 16 pc •RBI seeks to rationalise rates, stabilise liquidity and develop vibrant money market •Banks to fix rate for loans to rural credit units; ceiling on investment in MFs linked to those in venture capital •Industry hails move to empower banks to fix PLR for different maturities; CRR cut to swell banks' resources by Rs 32.5 billion •'100 pc forward cover against exchange risk for FII investments will keep the rupee stable' •Credit Policy highlights: new mutual fund for government securities •Easy liquidity conditions is RBI's aim, forex scene is stable, says Jalan •RBI okays forward cover for FIIs; price-control measures not needed now •UTI, LIC, IDBI, MFs, FIs allowed to borrow through repos •Credit Policy evokes mixed reactions: CRR cut hailed, unchanged interest rates flayed •Rate cuts can wait; Jalan must recast banking •RBI likely to avoid tinkering with interest rates •Industry urges RBI to cut CRR, bank rate and SLR •NBFCs seek institution for financing, banks' statutory liquidity ratio RBI's Credit and Monetary Policy 1998-99 RBI's Credit and Monetary Policy 2000-2001 Business
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