RRBs - CRR Increased - RBI - Reserve Bank of India
RRBs - CRR Increased
RBI/2006-2007/260 February 14, 2007 All Regional Rural Banks Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 – Please refer to our circular RPCD.CO.RF.BC.38/07.02.01/2006-2007 (RBI/2006-07/202) dated December 11, 2006 on the above subject. As set out in Press Release: 2006-07/1094 dated February 13, 2007, it has been decided to increase Cash Reserve Ratio (CRR) of all Regional Rural Banks by one-half of one percentage point of their net Demand and Time Liabilities (NDTL) in two stages, effective from fortnights as indicated below:
Please acknowledge receipt to our Regional Office concerned. Yours faithfully, (Surekha Marandi) |