RBI ne banking system mein excess liquidity ko control karne ke liye ek bada kadam uthaya hai. Ab banks ko daily Cash Reserve Ratio (CRR) maintenance **90%** se badhakar **99%** karna hoga, jo **October 16, 2026** se apply hoga.
Liquidity par RBI ka tight control
RBI ne banks ke liye rules aur sakht kar diye hain. Ab tak banks ko 90% CRR daily maintain karna hota tha, lekin October 16, 2026 se isse badhakar 99% kar diya gaya hai. CRR ka total rate toh 3% par stable hai, lekin daily basis par maintain karne ki flexibility kam hone se banks par pressure badhega.
Market mein kitni liquidity hai?
Ye move tab aaya hai jab system mein excess liquidity lagbhag ₹3.88 lakh crore (as of October 8, 2026) hai. Yaad rahe, RBI ne recently Repo Rate ko 25 bps badhakar 5.50% kiya tha, jiska saaf matlab hai ki RBI ab inflation control karne ke liye monetary tightening par focus kar raha hai.
Investors ke liye kya matlab hai?
Jefferies ke analysts ke hisaab se, is change se bank funding costs mein 1 se 2 basis points tak ka izafa ho sakta hai.
Ab banks ke paas do options hain:
- Margins par asar: Banks kharcha khud uthayein, jisse unke Net Interest Margins (NIMs) par dabav aayega.
- Customer par bojh: Banks lending rates badhakar ye cost customers par daal dein.
Jo banks strong pricing power rakhte hain, woh shayad margin bacha lein, lekin chote lenders ki profitability thodi hit ho sakti hai. Saath hi, overnight borrowing rates (Weighted Average Call Rate) mein volatility dekhne ko mil sakti hai. Agle quarters mein banks ki commentary aur unka liquidity management dekhna kaafi important hoga.