https://www.taxtmi.com/news?id=11740 Calibrated withdrawal began by lowering the Marginal Standing Facility rate and reducing the minimum daily CRR balance to 95%, while signalling a return to normal operations by restoring the repo rate as the effective policy rate, narrowing the MSF-repo spread to 100 basis points and raising the repo rate to anchor inflation. Complementary steps include FCNR(B) and bank borrowing swap facilities, liberalized bank branching, issuance of retail inflation-indexed certificates, a central credit registry for large borrowers, and coordinated work to address corporate distress and bank NPAs. en-us Fri, 20 Sep 2013 13:07:24 +0530 Fri, 20 Sep 2013 13:07:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11740 Calibrated withdrawal began by lowering the Marginal Standing Facility rate and reducing the minimum daily CRR balance to 95%, while signalling a return to normal operations by restoring the repo rate as the effective policy rate, narrowing the MSF-repo spread to 100 basis points and raising the repo rate to anchor inflation. Complementary steps include FCNR(B) and bank borrowing swap facilities, liberalized bank branching, issuance of retail inflation-indexed certificates, a central credit registry for large borrowers, and coordinated work to address corporate distress and bank NPAs. News - Fri, 20 Sep 2013 13:07:24 +0530 https://www.taxtmi.com/news?id=11740