UBD(PCB)No/5 /12.03.000/2006-07

April 05, 2007

In exercise of the powers conferred under the Sub-section (1) of Section 42 of the Reserve Bank of India Act, 1934, and in supersession of the Notification UBD(PCB)No.3/12.03.000/2006-07 dated March 01, 2007, the Reserve Bank of India hereby notifies 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 at the percentage points as indicated below.

However, the effective CRR required to be maintained by Scheduled Primary (Urban) Co-operative Banks on total demand and time liabilities shall not be less than 3.00 per cent, as stipulated under the Act, ibid.

(Anand Sinha)
Executive Director