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. 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 |
(V.S.Das)
Executive Director |