Section 42 (1) of Reserve Bank of India Act, 1934

RbiAnnouncementWeb

Asset Publisher

Back

Published on

LISTEN

PDF (42561)

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.