The RBI is unlikely to cut banks' cash reserve ratio at its Jan 24 policy review, the chairman of State Bank of India, the country's largest state-run lender said on Tuesday.
"CRR cut is unlikely - that is my personal view. But, we have asked them to pay interest on it," Pratip Chaudhuri said.
The ratio currently stands at 6%.
He said it would be difficult for banks to lower deposit rates in the current environment of high interest rates.