ednut1:
big lie, most banks had low public sector funds cos it was useless at 75% CRR. wit the harmonisation. d private sector funds held by banks will take a big hit. cbn sent a circular ydae crr will be debited weekly as against fortnightly. CBN/ Emefiele are jokers i swear. bankers are facing increased deposits targets soon. SMH GMB force dis clown to resign o

My mouth was agape when I read the analyst saying the move will be positive for banks
Is Mr analyst aware that recent implementation of TSA has made it impossible for banks to retain public sector funds, which CBN mops up as soon as they are collected by the banks?
As a matter of fact, banks currently have insignificant public sector funds to use as risk assets for lending. So they can as well drop public sector CRR to 0%, no biggie.
The real worry is moving the only substantial available funds for the banks, the private sector funds CRR up to 31%
In a lay man's understanding guys, don't expect banks to fund any of your project that will be tenured up to two years, except of course it is a very short term import business. And expect upward interest rate restructuring for your current running facilities!