Supreme Court: After the BNSS, a Pre-Cognizance Hearing is Mandatory in PMLA Cases || SC: Landowners Cannot be Forced to Waive Statutory Compensation to Claim Other Benefits || Supreme Court: Banks are Lenient With Big Borrowers But Strict With Ordinary Loan Applicants || Delhi HC: Minimum Wages During Pending Litigation Cannot be Frozen and Must be Updated Periodically || Kerala HC: ICC Can Probe Sexual Harassment Complaint Against a Director Not Controlling Affairs || Delhi HC: Interim Protection From Blacklisting Does Not Remove Bidder’s Duty to Disclose in Tenders || Allahabad HC: After the BNSS, Pre-Cognizance Hearing of the Accused is Mandatory in NDPS Complaints || Delhi HC: Husband Cannot Avoid Maintenance For Wife and Children by Claiming Irregular Income || SC: Repeated Anticipatory Bail Pleas Abuse Process and Reduce Litigation to a Gamble || Supreme Court: State Officers Cannot Back Litigants Through Affidavits Against the Law

Maintenance of Cash Reserve Ratio (CRR)- (Reserve Bank of India) (04 May 2022)

MANU/RMIC/0086/2022

Banking

1. Please refer to our circular DOR.No.Ret.BC.35/12.01.001/2020-21 dated February 05, 2021 and relative notification on the captioned subject.

2. As announced in the Governor's Statement dated May 04, 2022, it has been decided to increase the Cash Reserve Ratio (CRR) of all banks by 50 basis points from 4.00 percent to 4.50 percent of their Net Demand and Time Liabilities (NDTL), effective from the reporting fortnight beginning May 21, 2022.

3. A copy of the relative notification DOR.RET.REC.34/12.01.001/2022-23 dated May 04, 2022 is enclosed.

Tags : MAINTENANCE INCREASE CRR

Share :