Cash reserve ratio of all banks reduced by 100 basis points to 3 pc for a period of 1 year: RBI Guv
Business | Mar 27, 2020, 01:12 PM ISTRBI Governor Shaktikanta Das on Friday announced a reduction in the Cash Reserve Ratio (CRR) of all banks by 100 basis points to 3% of Net Demand and Time Liabilities with effect from the fortnight beginning March 28 for a period of 1 year.