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SBI chief says hike in CRR due to less demand, high inflow rate

The Reserve Bank of India (RBI) hiked the cash reserve ratio (CRR), the percentage of cash deposits that banks have to maintain with RBI – at 100% of the deposits (NDTL) accrued between September 16 and November 11 as incremental cash reserve ratio.

first published: Nov 28, 2016 04:37 pm

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