RBI Releases Statement on Developmental and Regulatory Policies | Reduces Cash Reserve Ratio (CRR) by 50 Bps
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- Last Updated on 7 December, 2024
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Press Release: 2024-2025/1648 dated 06th Dec, 2024
The RBI has released a Statement on Developmental and Regulatory Policies. The key measures include reduction in the cash reserve ratio (CRR) of all banks by 50 bps, increase the interest rate ceilings on Foreign Currency Non-Resident Bank (FCNR(B)) deposits. RBI further proposes to launch a programme named ‘Connect 2 Regulate’ to provide an opportunity to the stakeholders to share their ideas and inputs in the form of case studies/ concept notes, etc. on the topics announced by the RBI.
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