RBI MPC meet: Central bank cuts CRR by 1%; to unlock Rs 2.5 lakh crore to bank funds by December
In a significant move to bolster the economy, the Reserve Bank of India (RBI) has slashed the Cash Reserve Ratio (CRR) by 1%, injecting Rs 2.5 lakh crore into the banking system. Governor Sanjay Malhotra announced the phased reduction to 3% by November 2025, enhancing banks' lending capabilities.
In a significant move to bolster the economy, the Reserve Bank of India (RBI) has slashed the Cash Reserve Ratio (CRR) by 1%, injecting Rs 2.5 lakh crore into the banking system. Governor Sanjay Malhotra announced the phased reduction to 3% by November 2025, enhancing banks' lending capabilities. What's Your Reaction?
