Question
What are the percentages in which RBI released the
Incremental Cash Reserve Ratio (I-CRR) as per the schedule?Solution
RBI releases 10% Incremental CRR (25%, 25%, 50%) : with effect from August 12 for Schedule Banks. RBI will release 25% of the I-CRR maintained on September 9 and another 25% on September 23. The remaining 50% of the I-CRR maintained will be released on October 7.
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