North India Statesman
In a decisive monetary maneuver to control excess liquidity, the Reserve Bank of India (RBI) has raised the minimum daily Cash Reserve Ratio (CRR) maintenance requirement for scheduled commercial banks to 99 percent, up from the current threshold of 90 percent. The revised mandate comes into effect starting from the …
Read More »RBI Tightens CRR Maintenance: Banks Must Now Hold 99% of Prescribed Cash Reserves Daily to Mop Up Surplus Liquidity
