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Banks have to keep aside 4.5% of their deposits without earning any interest with the RBI. A CRR exemption on these deposits will free up more funds for banks to lend to environmentally friendly projects.
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Banks have to keep aside 4.5% of their deposits without earning any interest with the RBI. A CRR exemption on these deposits will free up more funds for banks to lend to environmentally friendly projects.
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Source link