RBI hikes CRR by 50 bps, directs banks to maintain an average CRR of 4.5%
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- Last Updated on 23 May, 2022
Notification No. DOR.RET.REC.34/12.01.001/2022-23.— Dated 04.05.2022
The RBI has notified that the Banks shall have to maintain an average Cash Reserve Ratio (CRR) of 4.50 % of their net demand and time liabilities. The changed rates will be effective from the reporting fortnight beginning May 21, 2022.
Click Here To Read The Full Notification
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