News: RBI has announced 50 bps cut in CRR (Cash Reserve Ratio) from 4.5% to 4% to be undertaken in two equal parts (25 bps each) effective from fortnight ended 14 December 2024 and 28 December 2024.
Views: Reduction in CRR will release ~₹1.16 lakh crore of primary liquidity in the banking system. Banks have been facing challenge of deposit accretion at competitive rates since last couple of quarters. Cut in CRR will provide the much-needed liquidity thus safeguarding margins in the current competitive scenario for deposit mobilization.
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