Lending from CRR buffer to get 5-year exemption: RBI
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The Reserve Bank of India has said that the special lending window with Cash Reserve Ratio exemption will be open from 14th of February and incremental loans disbursed under this facility will have CRR exemption for the next five years.
The central bank circular issued in Mumbai yesterday said that the window will open for six months ending 31st of July this year, but the Net Demand and Time Liabilities (NDTL) will be calculated as of 31st of January. It asked banks to report the CRR exemption availed at the end of a fortnight under exemptions/others in the Section 42 return, under the provisions of the master circular on CRR and SLR issued on 1st of July, 2015.#casansaar (Source - Newsonair)
The central bank circular issued in Mumbai yesterday said that the window will open for six months ending 31st of July this year, but the Net Demand and Time Liabilities (NDTL) will be calculated as of 31st of January. It asked banks to report the CRR exemption availed at the end of a fortnight under exemptions/others in the Section 42 return, under the provisions of the master circular on CRR and SLR issued on 1st of July, 2015.#casansaar (Source - Newsonair)
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