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Source: Economic Times
Economic Times
Source
RBI & Policy
Category
4 min
Read time
09 Oct
Published
RBI & Policy
4 min read· Economic TimesRBI raises average CRR maintenance requirement for banks
The Reserve Bank of India will raise the minimum daily cash reserve ratio requirement to 99% from 90%. This change will take effect from mid-October, specifically the fortnight starting October 16, 2026. Banks will be required to maintain this increased percentage without the previous operational flexibility. The move…
The Reserve Bank of India will raise the minimum daily cash reserve ratio requirement to 99% from 90%. This change will take effect from mid-October, specifically the fortnight starting October 16, 2026. Banks will be required to maintain this increased percentage without the previous operational flexibility. The move
#RBI
Source: Economic Times