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CRR Move: Eyes on liquidity:...

MUMBAI: The banking system may still...

CRR Move: Eyes on liquidity: RBI may not reverse CRR move soon

MUMBAI: The banking system may still face liquidity pressure next week because many believe that RBI will not completely remove the additional cash reserve ratio (CRR) requirement it imposed on banks in its August monetary policy.Dealers expect the central bank to announce a phased withdrawal instead of a full reversal while conducting a review of the CRR on Friday. Last month, RBI imposed a 10% additional CRR on incremental deposits raised by banks between May 19 and July 28. This move absorbed nearly Rs 1 lakh crore of...

Karl Jörg - September 7, 2023

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CRR Move: Eyes...

MUMBAI: The banking system may still face liquidity pressure next week because many believe that RBI will not completely remove the additional cash...

Karl Jörg - September 7, 2023

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