Bankers Expect Cut In Crr, Export Refinance

In its busy season credit policy expected to be announced in the latter half of this month, the Reserve bank is likely to allow foreign institutional investors to invest in government paper, increase the investment limits of banks in shares and stocks from the existing 5 per cent, allow trading in the secondary share market and fix the spread that banks can charge between the prime and non-prime borrowers.

Says a top official of a nationalised bank: