Increase Minus
Friday, May 29, 2020   SENSEX  32424.10  Up  223.51      Asian Paints :   1684.40  Up  40.65      Axis Bank :   383.20  Down  -7.65      Bajaj Auto :   2712.05  Up  115.15      Bajaj Fin. :   1952.70  Up  5.85      Bharti Airtel :   552.40  Down  -10.30      H D F C :   1659.35  Up  33.80      HCL Technologies :   550.40  Up  6.15      HDFC Bank :   951.25  Up  6.20      Hero Motocorp :   2364.90  Up  70.65      Hind. Unilever :   2056.90  Up  47.65      ICICI Bank :   332.10  Up  5.35      IndusInd Bank :   393.30  Up  6.50      Infosys :   691.35  Down  -15.90      ITC :   197.45  Up  6.90      Kotak Mah. Bank :   1223.70  Down  -4.65      Larsen & Toubro :   932.30  Up  29.25      M & M :   436.40  Down  -3.65      Maruti Suzuki :   5612.00  Up  141.45      Nestle India :   17533.85  Up  550.50      NTPC :   97.75  Up  2.00      O N G C :   83.20  Up  4.35      Power Grid Corpn :   157.55  Up  0.20      Reliance Inds. :   1465.20  Down  -7.45      St Bk of India :   160.30  Up  2.00      Sun Pharma.Inds. :   475.45  Up  16.20      Tata Steel :   295.20  Up  0.05      TCS :   1971.55  Down  -33.65      Tech Mahindra :   530.40  Up  0.50      Titan Company :   890.60  Down  -9.20      UltraTech Cem. :   3901.80  Up  91.20    
GET QUOTES NAV NEWS
SENSEX
32424.1
223.51
NIFTY
9580.3
90.20
GOLD
46530
125.00
SILVER
50096
1,538.00
equity
Daily Market Tracker
Gainers & Losers  
Live Indices  
Index Movers  
Advances & Declines  
Value & Volume Toppers  
Only Buyers/Sellers  
Sector Watch  
Bulk Deals  
Block Deals  
New Highs & Lows  
52 Week High & Low  
Out/Under Performers
Index Constituents  
Unusual Volume  
Historical Returns  
News Analysis
Market Analysis
Technical Chart
Company Profile
Other Markets
Corporate Action
Debt Content
Submit Your Query
You Are Here   :  Equity   |   News Analysis  |  Economy News  |   Detailed News Back
rbi announces 100 bps reduction in cash reserve ratio
Liquidity in the banking system remains ample, as reflected in absorption of surpluses from the banking system under reverse repo operations of the LAF of the order of Rs 2.86 lakh crore on a daily average basis during March 1-25, 2020. It is observed, however, that the distribution of this liquidity is highly asymmetrical across the financial system, and starkly so within the banking system.

As a one-time measure to help banks tide over the disruption caused by COVID-19, it has been decided to reduce the cash reserve ratio (CRR) of all banks by 100 basis points to 3.0% of net demand and time liabilities (NDTL) with effect from the reporting fortnight beginning 28 March 2020.

This reduction in the CRR would release primary liquidity of about Rs 1,37,000 crore uniformly across the banking system in proportion to liabilities of constituents rather than in relation to holdings of excess SLR. This dispensation will be available for a period of one year ending on 26 March 2021.

Furthermore, taking cognisance of hardships faced by banks in terms of social distancing of staff and consequent strains on reporting requirements, it has been decided to reduce the requirement of minimum daily CRR balance maintenance from 90% to 80% effective from the first day of the reporting fortnight beginning 28 March 2020. This is a one-time dispensation available up to 26 June 2020.

Powered by Capital Market - Live News

  A    |   B   |   C    |  D    |    E    |  F  |    G   |   H  |  I  |    J   |   K  |   L  |    M  |   N  |   O  |   P  |  Q  |  R  |  S  |  T   |  U   |   V   |    W   |  X   |  Y  |    Z
twitter-Small
Left Decrease Increase Right SEBI Equity Reg. No.: INZ000193033   |   Regn. No. NSE: INB/INF/INE 230881235   |   BSE: INB/INF/INE 010881234   |   SEBI Commodity Reg. No.: INZ000028539   |   Membership No.: MCX-10705, NCDEX-0016, ICEX-3003  |   Dubai Gold and Commodity Exchange (DGCX)-3035   |   Indian Energy Exchange (IEX)- Electricity Trading N2DLOAIL0000  |   NSDL- DP ID: IN-DP-NSDL-14-96   |   CDSL DP ID: IN-ID-CDSL-43-99
Copyright@2012 Alankit . All rights reserved. Designed, developed and powered by C-MOTS Infotech (ISO 9001:2015 certified)