RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S2

Notification Marquee

RBI Announcements
RBI Announcements

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Asset Publisher

55278974

Section 42(1) of the Reserve Bank of India Act,1934-
Maintenance of Cash Reserve Ratio(CRR)-
Changes in Daily Minimum CRR Maintenance Requirement

RF.BC 35 /07.02.01/2002-03

October 29, 2002
Kartika 07, 1924(Saka)

All Scheduled State Co-operative Banks/All Regional Rural Banks

Dear Sir,

Please refer to our circular RPCD.No.RF.BC.75/07.02.01 dated April 19, 2001 advising that the daily minimum requirement of CRR balances to be held by all Scheduled State Co-operative Banks and Regional Rural Banks will be 50 per cent of the required CRR balances for the first seven days of the reporting fortnight and a minimum of 65 per cent of the required CRR balances for the rest of the fortnight.

2. It has now been decided that all Scheduled State Co-operative Banks and Regional Rural Banks have to maintain a minimum of 80 per cent of required CRR amount on a daily basis during a fortnight with effect from the fortnight beginning November 16, 2002. The minimum level of 80 per cent would be applicable for all the days in a reporting fortnight.

3. The other stipulations regarding CRR remain unchanged.

4. Please bring the contents of this circular to the notice of your Board.

5. Please acknowledge receipt to our Regional Office.

Yours faithfully,

Sd/-

(Vani J. Sharma)
Chief General Manager

RbiTtsCommonUtility

प्ले हो रहा है
শুনি আছে

Related Assets

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

ভাৰতীয় ৰিজাৰ্ভ বেংক মোবাইল এপ্পলিকেষ্যন ইনষ্টল কৰক আৰু নৱীনতম বাতৰিৰ প্ৰৱেশাধিকাৰ পাওক!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

এই পৃষ্ঠাটো সহায়ক আছিল নে?