RBI cuts CRR by 50bps to infuse Rs 1.15 lakh crore in the banking system
Mumbai (Maharashtra) [India], December 6 (ANI): In its latest monetary policy announcement on Friday, Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the cash reserve ratio (CRR) for all banks will be reduced to 4 per cent of net demand and time liabilities (NDTL) in two tranches of 25 basis points each, effective from December 14 and December 28.
By this, Rs 1.15 lac crore liquidity will be infused in