India's cash reserve ratio (CRR) stands at 4.5%, with banks setting aside around ₹10 lakh crore in cash. While some argue CRR is outdated, it remains a crucial monetary policy tool for the RBI. Alternatives like increasing the statutory liquidity ratio (SLR) are suggested to make idle funds revenue-accruing.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.