The Reserve Bank of India has now exempted banks from maintaining statutory reserve ratios on fresh Non-Resident (External) Rupee (NRE) term deposits of three years or more tenor mobilised by the banks between June 19, 2026 and September 30, 2026 as part of i… For the full story, visit the source.
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RBI exempts banks from maintaining statutory reserve ratios on fresh NRE term deposits
The Reserve Bank of India has now exempted banks from maintaining statutory reserve ratios on fresh Non-Resident (External) Rupee (NRE) term deposits of three years or more tenor mobilised by the banks between June 19, 2026 and September 30, 2026 as part of i…
By BL Mumbai Bureau· BusinessLine· 4 months ago· 2 min read
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