The Reserve Bank of India (RBI) on December 06, 2024, issued a notification regarding the Maintenance of Cash Reserve Ratio (CRR).
It has been decided to reduce the Cash Reserve Ratio (CRR) of all banks by 50 basis points in two equal tranches of 25 basis points each to 4.0 per cent of net demand and time liabilities (NDTL). Accordingly, banks are required to maintain the CRR at 4.25 per cent of their NDTL effective from the reporting fortnight beginning December 14, 2024 and 4.00 per cent of their NDTL effective from fortnight beginning December 28, 2024.
[Notification No. RBI/2024-25/95 DoR.RET.REC.52/12.01.001/2024-25]
