✉news BusinessBanking first seen 4 h ago, last 37 min ago, peak #29
RBI Raises Minimum Daily CRR Maintenance to 99%
The Reserve Bank of India has increased the minimum daily maintenance requirement for the cash reserve ratio to 99%, meaning banks must hold almost their entire mandated reserve on a daily basis rather than averaging it across the reporting fortnight. The move tightens liquidity management for Indian banks and reduces their flexibility in deploying funds day to day.
Why now: The change affects how all Indian banks manage liquidity and reserves, drawing attention from financial markets.
Reserve Bank of IndiaIndian banks
Rank over time, top of the chart is #1. 4 snapshots from 4 h ago to 37 min ago.
Evidence
- RBI Raises Minimum Daily CRR Maintenance to 99% · TradingView
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