Desk note · industry · Banking / RBI
On 9 October 2026 the Reserve Bank of India raised the minimum daily cash reserve ratio compliance floor to 99% from 90%, effective from the fortnight ending 31 October. The headline CRR rate itself was unchanged; the move targets excess liquidity after heavy foreign-currency deposit inflows.
On 9 October 2026, the Reserve Bank of India told banks they must meet a higher share of their cash reserve requirement on every single day of the fortnight. The minimum daily compliance level moves to 99% from 90%, starting with the fortnight that ends on 31 October 2026. The overall cash reserve ratio rate was not changed in that communication. Reporting tied the tweak to a recent build-up of liquidity in the banking system, including dollar inflows linked to the FCNR(B) deposit window.
Indian banks must park a slice of deposits with the RBI as cash reserves. Regulators already set the percentage; they also watch whether banks meet it smoothly across each fortnight. When liquidity is flush, some banks can run with lower daily balances early in the period and catch up later. Raising the daily floor to 99% closes most of that slack. More money sits idle at the RBI on ordinary days, which can nudge short-term rates and loanable funds higher even when the headline CRR number is flat.
If you borrow from a bank, watch whether term deposit rates drift up or loan spreads widen after 31 October. Tighter daily reserves are a liquidity management tool, not a full policy rate hike, but they still change how much cash lenders can deploy. If you work in treasury at a bank, expect closer daily monitoring and less room to optimise within the fortnight. Households should treat this as background plumbing unless deposit or EMI quotes move in the weeks after implementation.
Telecom / IPO
On 22 October 2026, exchange data showed Jio Platforms’ ₹30,213 crore issue had drawn about ₹3.73 lakh crore of total bids by late evening on Day 2, with the retail portion oversubscribed and market commentators citing diverted cash from other listed stocks during the book build.
SEBI / market infrastructure
On 22 October 2026, the Securities and Exchange Board of India proposed letting stock exchanges and depositories fund core-market and regulator-mandated initiatives without prior approval for each ticket, while keeping board oversight and financial safeguards and inviting comments until 12 November.
E-commerce / food delivery
On 22 October 2026, reporting said Flipkart is testing an internal food delivery product called Eat-in by Minutes with more than 8,000 employees in Bengaluru, using Ekart logistics as it prepares to compete with Zomato and Swiggy in meal delivery.
Digital trust / compliance
On 22 October 2026, eMudhra Ltd said its board will voluntarily withdraw from the global SSL/TLS certificate segment after a key-security incident on eight intermediate certificates, citing compliance cost and weak economics while stressing that other digital-trust services continue.
For informational purposes only. Not investment advice. Verify with filings and a licensed adviser.