The Reserve Bank of India (RBI) lowered the cash reserve ratio (CRR) by 50 basis points to 4% to address expected liquidity tightness. The cut, implemented in two 25bps tranches, will release ₹1.16 ...
Governor Shaktikanta Das announced measures to address unclaimed deposits by segregating beneficiary accounts through Direct Benefit Transfer (DBT). The RBI also increased interest rate ceilings on ...