Incremental CRR Hike: A Normaliser
Views from Mr. Rana Kapoor, MD & CEO, YES BANK and Chairman, Yes Institute
November 29, 2016: RBI’s move over the weekend to increase CRR to 100% on incremental deposits raised between September 16, 2016 and November 11, 2016 is not surprising.
Post the announcement of demonetization of high value notes, the banking system has received over INR 5 lakh cr as deposits. This trend of a significant surge…
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