RBI reduces the minimum daily cash reserve requirement

Mar 30, 2020 | by Avantis RegTech Legal Research Team

Finance & Taxation Compliance

The Reserve Bank of India (RBI) on March 27, 2020, has decided to reduce the minimum daily maintenance of the Cash Reserve Ratio from 90 percent of the requirement to 80 percent effective from the fortnight beginning March 28, 2020 as per the Seventh Bi-monthly Monetary Policy Statement, 2019-20 dated March 27, 2020. This is a one-time dispensation available up to June 26, 2020.

[Notification No. DOR.No.Ret.BC.51/12.01.001/2019-20]


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