This time RBI hit the nail from both the sides [1] Repo Rate reduction by half percent and [2] CRR cut [ in a staggered manner] by 1% [3] Both the policies — when implemented fully– will ensure borrowing costs will come down giving economy a boost and at the same time  banks’ NIM will be taken care of by rewarding them with  surplus funds [ CRR cut will release 2.5 crores and NIM will be improved by 7 basis points ] Courtesy BusinessLine