No change in CRR, EMIs will NOT fall

April 07, 2015 11:12

RBI also keeps CRR rates unchanged. This means that your EMIs will NOT come down.

Speculation that the RBI may slash CRR (cash reserve ratio), in a bid to push banks to lower lending rates seems unfounded.

SBI and ICICI Bank have not lowered lending rates despite back-to-back repo cuts this year.

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