SLR cut won't impact us significantly: SBI chief
By Ira Dugal | Published On: July 31, 2012 13:15 (IST) | Duration: 7 min, 59 sec
The Reserve Bank of India on Tuesday kept its repo rate unchanged at 8 per cent but cut its statutory liquidity ratio by one percentage point to 23 per cent. Diwakar Gupta, managing director and chief finance officer, SBI discusses the impact of the RBI's decision with NDTV Profit's Ira Dugal. He said he was not expecting the bank to take such an action. "A cut in SLR would not create a major impact but it will provide us cushion," he added.