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Liquidity Measures Extended Part of: GS-III- Economy (PT-MAINS-PERSONALITY TEST) Recently, the Reserve Bank of India (RBI) has extended the relaxation relating to Marginal Standing Facility (MSF) scheme till 30th September 2020. It has also extended the relaxation relating to maintenance of Cash Reserve Ratio (CRR) up to 25th September 2020. This was done in view of the hardships being faced by banks in terms of social distancing at work and consequent strain on reporting requirements. Imp Points Marginal Standing Facility: The RBI, as a temporary measure, had increased the borrowing limit of scheduled banks under the MSF scheme from 2% to 3% of their deposits with effect…
30 June, 2020
Liquidity measures
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