BANKS TO MAINTAIN 10% ADDITIONAL CRR FROM AUG 12 AS TEMPORARY MEASURE

The Reserve Bank of India (RBI) has taken significant steps to manage liquidity in the banking system, announcing a temporary measure of maintaining an incremental cash reserve ratio (ICRR) of 10 percent, effective August 12. This move comes in response to the withdrawal of the Rs 2,000 currency note and aims to stabilize financial and … Read more