RBI Notification - ربی - Reserve Bank of India
RBI Notification
UBD (PCB) No. 22/16.26.000/2006-2007
December 11, 2006
NOTIFICATION
In exercise of the powers conferred under the sub-section (1) of Section 42 of the Reserve Bank of India Act, 1934 and in supercession of its Notification UBD. PCB No.13275/16.26.000/2005-2006 dated June 22, 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 |
December 23, 2006 |
5.25 |
January 06, 2007 |
5.50 |
(V.S Das)
Executive Director