Incremental cash reserve ratio
Facts for Prelims (FFP) Source: TH Context: The Reserve Bank of India (RBI) has announced the discontinuation of the incremental cash reserve ratio (I-CRR) in a phased manner. The I-CRR was aimed at absorbing surplus liquidity in the banking system, primarily due to various factors like the return of Rs 2,000 banknotes, government spending, …
