RBI cuts SLR, makes lending easier

Retail borrowers have reason to cheer with the country's central bank, RBI, in its quarterly review on Tuesday announcing a cut in the statutory liquidity ratio (SLR) for banks by one percentage point. The cut in SLR, which is essentially the proportion of deposits that banks invest in government bonds, will enable banks to shift money from low-yielding bonds to retail loans, resulting in some loans getting cheaper.

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