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 |