Reserve Bank of India (Amendment) Act, 2006: Provisions Relating to CRR - RBI - Reserve Bank of India
81165280
Published on April 13, 2007
Reserve Bank of India (Amendment) Act, 2006: Provisions Relating to CRR
The Government of India has notified Section 3 of the Reserve Bank of India (Amendment) Act, 2006 (Act 26 of 2006) and has appointed the first day of April 2007 as the date on which the provisions of Section 3 of the said Act shall come into force.
Section 3 the Reserve Bank of India (Amendment) Act, 2006 provides for the removal of:
The Reserve Bank has decided to maintain status quo in the areas where it is required to take action in pursuance of the notification. Accordingly,
Appropriate notifications are being issued separately.
Alpana Killawala
Chief General Manager
Press Release: 2006-2007/1405
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