Date:11/11/2005 URL: http://www.thehindubusinessline.com/2005/11/11/stories/2005111102960900.htm

Back RBI to implement revised credit deposit ratio norms

Our Bureau

Mumbai , Nov. 10

THE Reserve Bank of India has decided to implement the revised parameters of monitoring credit deposit ratio (CDR) of banks at different levels and set up special sub-committees in districts having CDR less than 40.

This was as per the recommendation of the expert group led by Mr Y. S. P. Thorat, Managing Director, NABARD. The group was constituted by the Union Government to examine the problem of low credit deposit ratio (CDR) across States. The special sub-committees (SSCs) will monitor the CDR and also draw up action plans to increase the ratio.