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Incremental CRR: As liquidity tightens, banks push CDs

Incremental CRR: As liquidity tightens, banks push CDs https://ift.tt/nqeS8vr acceleration in the issuance of CDs — which are short-term debt instruments used by banks to raise funds —— comes after the RBI imposed an incremental Cash Reserve Ratio (ICRR) of 10% on the growth in bank deposits from May 19 to July 28.
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