The Reserve Bank of India (RBI) has rectified issues with banks' cash reserve requirement (CRR) after instances of shortfalls in average fortnightly balances. The CRR, currently at 4.50% of net demand and time liabilities, is a key regulatory measure by the RBI. Banks must maintain this reserve with the RBI, impacting monetary policy and liquidity. Data showed multiple instances of banks falling short of the CRR, prompting RBI to address reporting discrepancies.
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