[ad_1] Indian lenders have requested Reserve Bank of India (RBI)reserve Bank of India) not to increase the cash reserve ratio further (CRR) in the next threshold Monetary policy To ensure uninterrupted credit growth amid a clear reduction in surplus liquidity since early May, two people aware of the representations told ET. The Indian Banks’ Association (IBA) requested the central bank on behalf of lenders last week after additional liquidity fell to around ₹3.5 lakh crore – nearly half the amount retained by the RBI through the pandemic. “Earlier, the surplus…
Friday, September 22, 2023
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