Monday, August 28, 2023

BANKING

The acceleration in the issuance of CDs — which are short-term debt instruments used by banks to raise funds —— comes after the RBI imposed an incremental Cash Reserve Ratio (ICRR) of 10% on the growth in bank deposits from May 19 to July 28.

from Banking/Finance-Industry-Economic Times https://ift.tt/L0b2e1j
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