RBI nod paves way for Bandhan - The Micro lender to set up banks

An important development. Bandhan will give Micro Loans.

http://www.firstpost.com/business/600-branches-250-atms-34-capital-adequacy-heres-how-bandhan-bank-will-make-a-splash-2300122.html

Greece Crisis - Development

Greece talks collapse after IMF walk out -End game on Friday when Euro Foreign ministers meet for final decision.

Value of Key Indicators (as on 2nd June 2015)

(Date of last Change indicated in bracket)


Bank Rate: 9 % (28th Jan 2014)


CRR: 4 % (9th Feb 2013)


SLR: 21.5 % (3rd Feb 2015)


Repo Rate: 7.25 % (2nd June 2015)


Reverse Repo Rate: 6.25 % (2nd June 2015)

RBI cuts Repo Rate by 25 basis points

RBI cuts the repo rate by 25 basis points to 7.25 per cent. The move was widely anticipated.

Tuesday's repo rate cut is the third reduction in interest rates this year.

Meanwhile, the cash reserve ratio, which is the amount of money banks have to keep with the RBI, was left unchanged at 4 per cent. The statuary liquidity ratio, another key reserve requirement, was left unchanged at 21.5 per cent.