November 27, 2016 1:35 PM
RBI Introduces Incremental CRR To Manage Excess Liquidity In Banking System
In order to absorb the surge in liquidity in banking system following demonetisation of high value notes, the Reserve Bank introduced an incremental Cash Reserve Ratio of 100 per cent for the fortnight which began yesterday. <br/><br/>CRR is the portion of the deposits which banks are re...