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RBI's CRR move to put monthly burden of Rs 1,050 cr on banks

According to experts the move is likely to result into over Rs 3 trillion outflow from the banks

Press Trust of India  |  Mumbai 

Reserve Bank's move for banks to maintain excess cash reserve ratio (CRR) requirement is likely to put an additional burden of Rs 1,050 crore on a monthly basis on the banking system, says a report. "Excess CRR requirement will additionally cost the banking system Rs 1,050 crore on a monthly basis," India Ratings and Research said in a note here on Wednesday. In order to absorb surplus liquidity accrued by banks, RBI last week asked banks to maintain 100% of the deposits (NDTL) accrued between September 16 and November 11 as incremental CRR balance with ...

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RBI's CRR move to put monthly burden of Rs 1,050 cr on banks

According to experts the move is likely to result into over Rs 3 trillion outflow from the banks

According to experts the move is likely to result into over Rs 3 trillion outflow from the banks Reserve Bank's move for banks to maintain excess cash reserve ratio (CRR) requirement is likely to put an additional burden of Rs 1,050 crore on a monthly basis on the banking system, says a report. "Excess CRR requirement will additionally cost the banking system Rs 1,050 crore on a monthly basis," India Ratings and Research said in a note here on Wednesday. In order to absorb surplus liquidity accrued by banks, RBI last week asked banks to maintain 100% of the deposits (NDTL) accrued between September 16 and November 11 as incremental CRR balance with ... image
Business Standard
177 22

RBI's CRR move to put monthly burden of Rs 1,050 cr on banks

According to experts the move is likely to result into over Rs 3 trillion outflow from the banks

Reserve Bank's move for banks to maintain excess cash reserve ratio (CRR) requirement is likely to put an additional burden of Rs 1,050 crore on a monthly basis on the banking system, says a report. "Excess CRR requirement will additionally cost the banking system Rs 1,050 crore on a monthly basis," India Ratings and Research said in a note here on Wednesday. In order to absorb surplus liquidity accrued by banks, RBI last week asked banks to maintain 100% of the deposits (NDTL) accrued between September 16 and November 11 as incremental CRR balance with ...

image
Business Standard
177 22