Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRR-Regional Rural Banks (RRBs) - आरबीआई - Reserve Bank of India
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Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRR-Regional Rural Banks (RRBs)
RPCD.CO.RRB.No.7523/03.05.28(B)/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 RPCD.RF.No.5541/07.02.01/2006-2007 dated December 11, 2006, the Reserve Bank of India hereby specifies that the average Cash Reserve Ratio (CRR) required to be maintained by Regional Rural Banks shall, from effective dates mentioned below, be as indicated thereagainst:
| Effective date |
CRR on net demand |
| February 17, 2007 |
5.75 |
| March 3, 2007 |
6.00 |
(V.S.Das)
Executive Director
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