FEMA and Banking
The RBI has announced a reduction in the Cash Reserve Ratio (CRR) for all banks by 50 basis points in two equal tranches of 25 basis points each. The CRR will be maintained at 4.25% of Net Demand and Time Liabilities (NDTL) from the reporting fortnight beginning December 14, 2024, and at 4.00% from the fortnight beginning December 28, 2024.
Circular No. RBI/2024-25/95 DOR.RET.REC.52/12.01.001/2024-25 dated 06.12.24
