Another CRR hike looms

March 30, 2007CRR hiked by 50 bps to 6.5%; Repo rate
hiked by 25 bps to 7.75%  Feb 14, 2007CRR hiked by 50 bps to 6%  Jan 31, 2007Repo rate hiked by 25 bps to 7.5%  Jan 31, 2007General provisioning on standard 
commercial real estate loans, personal 
loans & capital market loans doubled to 2%  Dec 11, 2006CRR hiked by 50 bps to 5.5%  Oct 31, 2006Repo rate raised by 25 bps to 7.25%  July 25, 2006Reverse repo and repo rates hiked 25 bps 
each to 6% and 7% respectively June 8, 2006RBI raises reverse repo and repo rates by 
25 bps to 5.75% and 6.75%, respectively  According to the sources, banks may have to maintain an increased CRR on additional deposits garnered since April 1. Bank deposits have increased by Rs 11,218 crore to Rs 26,86,813 crore since April 1.  Deposits taken earlier will attract only the existing rate of 6.5 per cent.  Significantly, as much as Rs 20,660 crore is expected to flow into the system due to the maturing of a government bond