Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRR - आरबीआय - Reserve Bank of India
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Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRR
RPCD.RF.No. 7458/07.02.01/2006-07
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 Scheduled State Co-operative 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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