RBI Reduces Cash Reserve Ratio for All Banks by 50 Bps in Two Tranches
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- Last Updated on 7 December, 2024
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Circular No. RBI/2024-25/95 DoR.RET.REC.52/12.01.001/2024-25, Dated 06.12.2024
The RBI has announced a reduction in the Cash Reserve Ratio (CRR) for all banks by 50 basis points in two equal tranches of 25 basis points each. The CRR will be maintained at 4.25% of Net Demand and Time Liabilities (NDTL) from the reporting fortnight beginning December 14, 2024, and at 4.00% from the fortnight beginning December 28, 2024.
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