RBI withdraws the Incremental CRR

Reserve Bank of India vide its notification dated December 07, 2016 hereby withdraws the requirement by all Scheduled Commercial Banks/ Regional Rural Banks / all Scheduled Primary (Urban) Co-operative Banks / all Scheduled State Co-operative Banks, to maintain an incremental cash reserve ratio (CRR) of 100 per cent on increase in net demand and time liabilities (NDTL) between September 16, 2016 and November 11, 2016 with effect from fortnight beginning December 10, 2016.

Source: www.rbi.org.in

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