Measures to absorb the excess liquidity in the banks post demonetisation

Last updated: 19 December 2016

Reserve Bank of India (RBI) has taken several measures to absorb the excess liquidity in the banks post demonetisation. It has introduced incremental CRR of 100% on deposits collected between September 16 and November 11,2016 effective from the fortnight beginning November 26. Subsequently, RBI has reviewed the situation and withdrawn the incremental CRR effective from 10th December, 2016. Secondly, it increased the market stabilisation Scheme limit to ? 6 lakh crore from earlier limit of ? 30,0
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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