According to an RBI press release dated November 28, chief general manager Puneet Pancholy announced that RDCC Bank was penalized Rs 50,000 on November 25 for violating section 20 read with section ...
This could help stimulate growth. If the RBI cuts the CRR by 50 basis points (bps), it will free up Rs 1.1 lakh crore to Rs 1.2 lakh crore for lending. A smaller cut of 25 bps would release about ...