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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.
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Effective date
(i.e, the fortnight beginning from)
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CRR on net demand
and time liabilities (percent)
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December 23, 2006
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5.25
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January 06, 2007
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5.50
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(V.S Das)
Executive Director
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