Indian banks ask RBI for leeway on daily cash reserves
The cash reserve ratio currently stands at 4% of deposits, which needs to be reported by banks to the RBI on a fortnightly basis; Banks set aside 90% of this requirement daily at present
The cash reserve ratio currently stands at 4% of deposits, which needs to be reported by banks to the RBI on a fortnightly basis; Banks set aside 90% of this requirement daily at present
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The Federation of Economic Development Association of India (F.E.D.A) holds the distinction of being India's most venerable umbrella organization. F.E.D.A focused on promoting economic growth in India. Economic development professionals throughout the state, along with individuals and companies in related economic development fields, work together with the F.E.D.A Members and Board of Federation to help positively influence country legislation and industrial growth. With cutting edge policy research and advisory to National and State governments on trade issues. F.E.D.A is one of the leading non-profit organizations with established credentials for enhancing economic development.
