Question

What was mandated by the RBI during the August review of monetary policy in relation to banks?

Q: Answer-What was mandated by the RBI during the August review of monetary policy in relation to banks?

During the August review of the monetary policy, the RBI mandated all scheduled banks to maintain an I-CRR of 10 percent on the increase in their net demand and time liabilities NDTL.

A Maintain a 5 percent I-CRR on their net demand and time liabilities (NDTL).

B Maintain a 7 percent I-CRR on the increase in their net demand and time liabilities (NDTL).

C Maintain an I-CRR of 10 percent on their net demand and time liabilities (NDTL).

D Remove the requirement for I-CRR altogether.

E Reduce the I-CRR to 2 percent on their net demand and time liabilities (NDTL).

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What was mandated by the RBI during the August review of monetary policy in relation to banks?

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