RBI/2006-2007/260
RPCD.CO.RRB.BC 50/03.05.28(B)/2006-07 February 14, 2007 All Regional Rural Banks Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 –
Maintenance of CRR-Regional Rural Banks (RRBs) Please refer to our circular RPCD.CO.RF.BC.38/07.02.01/2006-2007 (RBI/2006-07/202) dated December 11, 2006 on the above 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 all Regional Rural Banks by one-half of one percentage point of their net Demand and Time Liabilities (NDTL) in two stages, effective from 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 the relative notification RPCD RRB.CO No7523 / 03.05.28(B)/2006-07 dated February 14, 2007 is enclosed.
Please acknowledge receipt to our Regional Office concerned. Yours faithfully, (Surekha Marandi)
General Manager | |