RBI shortens CRR, SLR and Interest-Rate Relaxation for Co-op Banks

The Reserve Bank of India (RBI) on Tuesday shortened the temporary relaxation period for certain Non-Resident deposits mobilised by Urban Co-operative Banks (UCBs) and rural cooperative banks, advancing the cut-off date from September 30 to August 31, 2026. The move covers the CRR and SLR exemption available on specified fresh FCNR(B) and NRE deposits. For […]