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“ The Reserve Bank remains committed to provide sufficient liquidity to the banking system. To further provide durable liquidity, it has been decided to reduce the cash reserve ratio (CRR) by 100 basis points (bps) to 3 per cent of net demand and time liabilities (NDTL) in a staggered manner during the course of the year,
Sanjay Malhotra, 2 days
RBI cuts CRR by a steep 1%, to unlock ₹2.5 lakh crore to bank funds by…

Statements by Sanjay Malhotra

“ This decision is in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2%, while supporting growth,
Sanjay Malhotra, a day
RBI cuts repo rate by 50 bps to give boost to growth

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