RBI’s CRR Cut Boosts PSU Bank Stocks 🚀

The Reserve Bank of India (RBI) has reduced the Cash Reserve Ratio (CRR) by 4%, leading to a significant rise in Public Sector Undertaking (PSU) bank stocks. This move is aimed at increasing liquidity in the banking system, allowing banks to lend more freely. As a result, investors are optimistic about the growth prospects of PSU banks, driving their stock prices up. This decision is expected to support economic growth by making more funds available for businesses and consumers. Overall, the market has reacted positively to this development, reflecting confidence in the RBI’s measures.