📷 Image: Wikimedia Commons / Soham Banerjee
Business
RBI Increases Daily Cash Reserve Ratio to 99% Effective October 16
✍️ India Business Trade
🗓 11 Oct 2026, 06:31 AM
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The Reserve Bank of India has raised the daily Cash Reserve Ratio (CRR) to 99 percent, with the change taking effect from October 16.
The Reserve Bank of India has announced that it is raising the daily Cash Reserve Ratio to 99 percent.
The revised requirement will be applicable from October 16.
Banks across the country will need to adjust their reserves to meet the new threshold.
The revised requirement will be applicable from October 16.
Banks across the country will need to adjust their reserves to meet the new threshold.