CRR: Current Affairs, GK & News - 2020-2021

RBI Monetary Policy review: Repo rate lowest since 2010

Published: June 7, 2019

The Reserve bank of India (RBI) in its bi-monthly monetary policy review reduced repo rate by 25 basis points to 5.75% from current 6.0% with immediate effect. This is RBI’s third cut this year and has reduced Repo rate at lowest since 2010. Key Highlights With Repo Rate adjusted to 5.75%, consequently Reverse Repo Rate ..

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On Tap Licence for Small Finance Banks

Published: June 7, 2019

The Reserve Bank of India (RBI) is considering to issue “on tap” licensing for small finance banks. The on-tap licensing will allow entities to approach the RBI for obtaining licences for small finance banks on meeting laid-down criteria. RBI wants to cash in the potential of small finance banks in promoting banking facilities for small ..

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RBI Monetary Policy Review

Published: June 7, 2019

The Reserve Bank of India (RBI) has announced the second bi-monthly monetary policy statement for 2019-20. The key decisions reflected in the Monetary Policy statement are: Repo rate reduced to 5.75 per cent from the current 6per cent. Similarly, the reverse repo rate under the Liquidity Adjustment Facility (LAF) stands adjusted to 5.5% and the ..

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RBI introduces incremental CRR to manage excess liquidity in banking system

Published: November 28, 2016

The Reserve Bank of India (RBI) has introduced an incremental Cash Reserve Ratio (CRR) of 100% for fortnight to absorb excess liquidity in the banking system following demonetisation. CRR is the proportion of deposits that banks have to keep as cash with the RBI (or the central bank). Banks do not earn any interest on ..

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