The Reserve Bank of India has suggested banks to report for insolvency complaints on their very own rather than watching for its commands.

Reserve Bank of India vide its notification dated December 07, 2016 hereby withdraws the requirement by all Scheduled Commercial Banks/ Regional Rural Banks / all Scheduled Primary (Urban) Co-operative Banks / all Scheduled State Co-operative Banks, to maintain an incremental cash reserve ratio (CRR) of 100 per cent on increase in net demand and time … Continue reading “RBI withdraws the Incremental CRR”