RBI Hikes Daily CRR to 99%: Why ₹3.88 Lakh Cr Cash Is Trapped
Starting October 16, 2026, the RBI forces banks to hold 99% of cash reserves daily. Here is why the central bank is trapping ₹3.88 lakh crore in liquidity, hiking overnight call rates, and squeezing day-to-day banking treasury profit margins.
