RBI/2006-2007/259
Ref: DBOD.No. Ret.BC. 58/12.01.001/2006-07 February 14, 2007 All Scheduled Commercial Banks
(excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRR Please refer to our Circular RBI/2006-2007/201/DBOD.No.Ret.BC.45/12.01.001/2006-07 dated December 11,2006 on the captioned subject. As set out in Press Release : 2006-07/1094 dated February 13, 2007, it has been decided to increase Cash Reserve Ratio (CRR) of Scheduled Commercial Banks by one-half of one percentage point of their Net Demand and Time Liabilities (NDTL) in two stages, effective from the fortnights as indicated below: Effective date (i.e., the
fortnight beginning from) | CRR on net demand and time
liabilities (per cent) | February 17,2007 | 5.75 | March 3, 2007 | 6.00 |
A copy of the relative notification DBOD. No. Ret. BC. 57/12.01.001/2006-2007 dated February 14, 2007 is enclosed.
Please acknowledge receipt. Yours faithfully (T.B.Satyanarayan)
General Manager |
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