Banks have reached out to the Reserve Bank of India (RBI) with a suggestion to count funds in unclaimed deposits and inoperative or dormant accounts towards the cash reserve ratio, or CRR, people familiar with the matter told.
They said about ₹50,000 crore is locked up in such accounts under the central bank’s oversight.
Banks have argued allowing this relaxation will help in augmenting liquidity in the system.
Source:
Economic Times
