RBI Governor Raghuram Rajan said that it has reduced Minimum Daily Maintenance of CRR to 90%.
RBI Governor Raghuram Rajan said that it has reduced the minimum daily maintenance of the cash reserve ratio (CRR) from 95 per cent of the requirement to 90 per cent with effect from the fortnight beginning April 16, 2016, while keeping the CRR unchanged at 4.0 per cent of net demand and time liabilities.
RBI Governor Raghuram Rajan said that it has reduced the minimum daily maintenance of the cash reserve ratio (CRR) from 95 per cent of the requirement to 90 per cent with effect from the fortnight beginning April 16, 2016, while keeping the CRR unchanged at 4.0 per cent of net demand and time liabilities.
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