RRBs - Section 24 of Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio - ಆರ್ಬಿಐ - Reserve Bank of India
RRBs - Section 24 of Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio
RBI/2014-15/165 August 6, 2014 The Chairmen Dear Sir/Madam, Section 24 of the Banking Regulation Act, 1949 – Please refer to our circular RPCD.CO.RRB.BC.No.106/03.05.33/2013-14 dated June 4, 2014 on the captioned subject. 2. As announced in the Third Bi-monthly Monetary Policy Statement 2014-15 by Reserve Bank of India on August 5, 2014, it has been decided to reduce the Statutory Liquidity Ratio (SLR) of Regional Rural Banks from 22.50 per cent of the Net Demand and Time Liabilities (NDTL) to 22.0 per cent with effect from the fortnight beginning August 9, 2014. 3. A copy of the relative notification RPCD.RRB.No.23/03.05.33/2014-15 dated August 6, 2014, is enclosed. 4. Please acknowledge receipt to our Regional Office concerned. Yours faithfully, (A.Udgata) Encl : As above RPCD.RRB.No. 23/03.05.33/2014-15 August 6, 2014 Notification In exercise of the powers conferred by sub-section (2A) of Section 24 of the Banking Regulation Act, 1949 (10 of 1949) and, in partial modification of the Notification RPCD.CO.RRB.No.107/03.05.33/2013-14 dated June 4, 2014, the Reserve Bank hereby specifies that with effect from the fortnight beginning August 9, 2014, every Regional Rural Bank shall maintain in India assets as detailed in notification RPCD.CO.RRB.No.35/03.05.28(B)/2009-10 dated October 29, 2009, the value of which shall not at the close of business of any day be less than 22.0 per cent of the total net demand and time liabilities in India as on the last Friday of the second preceding fortnight. Dr.(Smt.) Deepali Pant Joshi |