RBI’s tighter daily CRR norm may withdraw up to Rs 800 billion liquidity, marginally pressure banks’ margins: Jefferies

RSS excerpt

The Reserve Bank of India’s (RBI) decision to increase the daily Cash Reserve Ratio (CRR) maintenance requirement is expected to have a limited impact on banks’ net interest margins (NIMs), while potentially withdrawing Rs 400 billion to Rs 800 billion from the banking system, according to a report…