| RPCD.RF.No. 5541/07.02.01/2006-07
December 11, 2006 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.6106/07.02.01/2005-2006 dated June 22, 2006, the Reserve Bank of India hereby specifies that the average Cash Reserve Ratio (CRR) required to be maintained by Scheduled State Co-operative Banks (StCBs) and Regional Rural Banks (RRBs) shall, from effective dates mentioned below, be as indicated thereagainst. Effective date
(i.e., the fortnight beginning from) | CRR on net demand and time liabilities
(per cent) | December 23, 2006 | 5.25 | January 06, 2007 | 5.50 |
(V.S.Das)
Executive Director | |