"The impact of incremental CRR differs from one institution to another. The large banks may not have significant impact because most of us, the top five-six banks have adequate liquidity in their books but it has indeed taken away some of the liquidity which was available. Also, September is a month of advance corporate tax payments. There will be some pressure on the liquidity and hopefully, RBI will be taking a positive view when they review on the 8th of this month to relax the ICRR."
India Business News: The country's largest lender State Bank of India on Monday announced a slew of offers for its retail customers ahead of the festive season. The bank h