Speaking of the information one might need to create a business case and plan business investment, I feel compelled to note here that we do not really know how many checks are written in the United States each year - information that might be helpful to those interested in automating or replacing check payments.
The package could mean the reduction of CRR to the statutory minimum level of 3.0 per cent accompanied by several changes such as in the present way of maintenance of cash balances by banks with RBI. With the lagged reserve maintenance system now put in place, banks can exactly know their reserve requirements.