The Reserve Bank of India (RBI) has decided to phase out the Incremental Cash Reserve Ratio (I-CRR), which was implemented to absorb excess liquidity caused by the withdrawal of Rs 2,000 notes. The I-CRR required banks to maintain a 10% reserve on the increase in their net demand and time liabilities. The RBI will release […]
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RBI decides to withdraw incremental CRR in phased manner
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