Ahmedabad
(Head Office)Address : 506, 3rd EYE THREE (III), Opp. Induben Khakhrawala, Girish Cold Drink Cross Road, CG Road, Navrangpura, Ahmedabad, 380009.
Mobile : 8469231587 / 9586028957
Telephone : 079-40098991
E-mail: dics.upsc@gmail.com
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Facts for Prelims
Incremental cash reserve ratio
News: The Reserve Bank of India (RBI) has announced the discontinuation of the incremental cash reserve ratio (ICRR) in a phased manner.
About:
• The Incremental Cash Reserve Ratio (I-CRR) is a monetary policy tool used by central banks, including the Reserve Bank of India (RBI), to manage liquidity in the banking system.
• CRR is the portion of a bank’s deposits that it is required to hold with the central bank. Banks are typically required to maintain 4.5 per cent of their Net Demand and Time Liabilities as CRR with the RBI.
• However, in periods of excess liquidity, the RBI can impose incremental CRR, which means that banks will have to park even more liquid cash with the RBI. This measure helps the central bank manage liquidity and acts as a buffer during times of stress in the banking system.
Recent Current Affairs
Our Branches
Gandhinagar
Address: A-306, The Landmark, Urjanagar-1, Opp. Spicy Street, Kudasan – Por Road, Kudasan, Gandhinagar – 382421
Mobile : 9723832444 / 9723932444
E-mail: dics.gnagar@gmail.com
Vadodara
Address: 2nd Floor, 9 Shivali Society, L&T Circle, opp. Ratri Bazar, Karelibaugh, Vadodara, 390018
Mobile : 9725692037 / 9725692054
E-mail: dics.vadodara@gmail.com
Surat
Address: 403, Raj Victoria, Opp. Pal Walkway, Near Galaxy Circle, Pal, Surat-394510
Mobile : 8401031583 / 8401031587
E-mail: dics.surat@gmail.com
New Delhi(In Association with Edge IAS)
Address: 57/17, 2nd Floor, Old Rajinder Nagar Market, Bada Bazaar Marg, Delhi-60
Mobile : 9104830862 / 9104830865
E-mail: dics.newdelhi@gmail.com