The State Bank of India has asked the Reserve Bank of India for a reduction in the cash reserve ratio that needs to be maintained on green deposits raised by banks, Chairman Dinesh Kumar Khara said on Friday.
Currently, banks have to maintain a CRR of 4.5% on their total deposits, with no distinction provided for green deposits.
Currently, banks have to maintain a CRR of 4.5% on their total deposits, with no distinction provided for green deposits.
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