RBI raises banks’ daily CRR maintenance to 99%
In short
The RBI will raise the minimum daily CRR maintenance requirement for banks to 99% from 90%. The change starts with the fortnight beginning October 16, 2026, and will remove some operating flexibility.
This matters because banks must keep more cash aside, which can reduce surplus liquidity in the system. The report does not say how much liquidity will be taken out.
What the reporting says
The Reserve Bank of India will raise the minimum daily cash reserve ratio maintenance requirement for banks to 99% from 90% starting with the fortnight of October 16, 2026. The change removes some of the previous operational flexibility and is meant to reduce surplus liquidity in the banking system. The reporting does not state the size of the liquidity surplus or which banks will feel the biggest effect.
Why it matters
The Reserve Bank of India will raise the minimum daily cash reserve ratio maintenance requirement for banks to 99% from 90%, starting with the fortnight of October 16, 2026. The stated aim is to reduce surplus liquidity in the banking system, and the change removes some prior operational flexibility. The reporting does not quantify the liquidity overhang or name specific banks likely to be most affected.