RBI refuses exceptions on CRR, SLR; gives some leeway on PSL, investments for merger: HDFC Bank

HDFC Bank's request for an exception on cash reserve ratio (CRR) and statutory liquidity ratio (SLR) requirements has been refused by the Reserve Bank of India (RBI) ahead of its merger with mortgage financier parent HDFC. RBI has allowed HDFC Bank some leeways on the priority sector lending front, according to the bank. CRR and SLR requests have been turned down despite being exempt from non-bank lenders which HDFC Bank is classified.

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