RBI’s cash reserve ratio move to put monthly burden of Rs 1050 crore on banks

Short resume:

banks
90%
cash
80%
liquidity
70%
economic
70%
RBI's cash reserve ratio move to put monthly burden of Rs 1050 crore on banks

MUMBAI: Reserve Bank’s move for banks to maintain excess cash reserve ratio (CRR) requirement is likely to put an additional burden of Rs 1,050 crore on a monthly basis on the banking system, says a report.
Source Economic Times
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