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Banks request RBI to advance time for reporting CRR status

"Banks want the CRR cut-off timing to be advanced. Under the current system, banks must maintain a satisfactory buffer until midnight to ensure that the reserve requirement is met," a source said. "What is happening now is that a bank can be faced with a sudden outflow because of the pickup in 24x7 banking. So, banks are keeping a protective buffer at the SDF instead of deploying funds in the call market." ....

Shaktikanta Das , Cash Reserve Ratio , Reserve Bank , Deposit Facility , Liquidity Distribution , Crr Reporting , Interbank Call , Reserve Bank Of India ,

CBN's monetary policy and Nigeria's structural deficit – Blueprint Newspapers Limited: Breaking news happening now in Nigeria and todays latest newspaper headlines

CBN's monetary policy and Nigeria's structural deficit – Blueprint Newspapers Limited: Breaking news happening now in Nigeria and todays latest newspaper headlines
blueprint.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blueprint.ng Daily Mail and Mail on Sunday newspapers.

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