Section 42(1) of Reserve Bank of India Act, 1934- maintenance of CRR - आरबीआई - Reserve Bank of India
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Section 42(1) of Reserve Bank of India Act, 1934- maintenance of CRR
UBD(PCB) No 2/12.03.000/2006-07
February 14, 2007
NOTIFICATION
In exercise of the powers conferred under sub-section (1) of Section 42 of the Reserve Bank of India Act, 1934 and in supersession of its notification UBD.PCB.22/16.26.000/2006-07 dated December 11, 2006, the Reserve Bank of India, hereby, specifies that the average Cash Reserve Ratio (CRR) required to be maintained by scheduled primary (urban) co-operative banks shall, from effective dates mentioned below, be as indicated there against.
| Effective date |
CRR on net demand and |
| February 17, 2007 |
5.75 |
| March 03, 2007 |
6.00 |
(V.S.Das)
Executive Director
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