Imposing ICRR may prompt banks to raise deposit rates https://ift.tt/QpRjiOl his latest monetary policy statement, governor Shaktikanta Das imposed a temporary incremental cash reserve ratio (I-CRR) of 10% on incremental deposits received between 19th May and 28th July 2023 given the surge in surplus liquidity in the system. The I-CRR would be reviewed on 8th Sep’23
Tuesday, August 15, 2023
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