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Banks have to maintain minimum 90% of the required CRR on a daily basis and 100% on an average basis during the fortnight. Note – In March 2020, RBI had reduced the requirement of minimum daily CRR balance maintenance from 90 per cent to 80 per cent effective from the first day of the reporting fortnight beginning March 28, 2020. This one-time dispensation was initially available up to June 26, 2020 and later extended to Sep 25, 2020. Later it was restored to 90%.
The National Informatics Centre (NIC) and Spices Board of India recently signed an MoU to develop AI tools for detecting and classifying large cardamom ...
Which platform recently achieved the milestone of processing 500 million UPI transactions daily?
What is the primary focus of the ASPIRE scheme of the Ministry of Micro, Small & Medium Enterprises, Government of India?
Who are the main recipients of the housing scheme introduced in the Interim Budget of 2024?
According to the recent ‘Patent Landscape Report: Generative Artificial Intelligence,’ which country has filed the most generative AI patents from 2...
Which type of sensor was used in the advanced water level monitoring system installed on the Brahmaputra Mail Express?
Which university has recently aligned with the Bureau of Indian Standards to develop India’s first 'Standardized Agriculture Demonstration Farm'?
Where was SPACE, a premier testing & evaluation hub for sonar systems for the Indian Navy, set up by DRDO, inaugurated?
Who among the following won a silver medal at the 13th European Girls’ Mathematical Olympiad (EGMO) 2024?
What is the primary goal of the NITI GearShift Challenge?