Regulatory Alerts2024-02-02 | BSD/DIR/PUB/LAB/016/027Added · Updated
Cash Reserve Requirement (CRR) Framework Implementation Guidelines
The Central Bank of Nigeria (CBN) is implementing an updated Cash Reserve Requirement (CRR) mechanism to improve banks' planning, monitoring, and record-keeping abilities. The new process involves two phases: the incremental approach, which applies existing ratios to weekly average adjusted deposit increases, and a CRR levy for banks that fail to meet the minimum Loan to Deposit Ratio (LDR). The CBN will provide detailed information on applied charges and calculations to banks.
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Topics
capital
monetary
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