RBI reduces the Cash Reserve Ratio of all banks

The Reserve Bank of India vide its notification dated 27th March 2020, has announced in the Seventh Bi-monthly Monetary Policy Statement, 2019-20, March 27, 2020, that it has decided to reduce the Cash Reserve Ratio of all banks by 100 basis points from 4.00 percent to 3.00 percent of their Net Demand and Time Liabilities with effect from March 28, 2020, for a period of one year.

Click here to read the Notification.

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