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RBI extends relaxation of minimum daily maintenance of the Cash Reserve Ratio up to 3 months

July 2, 2020
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Keeping in view the continuing of hardships faced by banks in terms of social distancing of staff and consequent strains on reporting requirements, it has now been decided to extend the relaxation of the minimum daily maintenance of the Cash Reserve Ratio of 80 per cent for a further period of three months, i.e., up to September 25, 2020.
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taxmann.com
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