Bankers Trust:

A Bank for the Buck

A Bank for the Buck

Merger, merger on the wall Akira Kurosawa’s 1950 crime drama film Rashomon opens on a woodcutter and a priest sitting beneath the Rashomon gate at the southern end of Suzaku Avenue between the ancient Japanese cities of Heijo-kyo (Nara) and Heian-kyo (Kyoto) to stay dry in a downpour. When a commoner joins them, they begin recounting to him a disturbing story that they had witnessed. The woodcutter claims to have found the body of a murdered samurai three days ago while looking for wood in the forest.

Bankers Trust:

Banker’s Trust | Govt benefits most from CRR cut

Banker’s Trust | Govt benefits most from CRR cut

A quarter percentage point cut in banks’ cash reserve ratio (CRR), or the portion of deposits that commercial banks need to keep with the central bank, effective the fortnight beginning 3 November, releases Rs.17,500 crore into the system. This is the fifth CRR cut since January when the Reserve Bank of India (RBI) slashed the reserve requirement by half a percentage point, from 6% to 5.