SC: Recoveries U/S 27 of Evidence Act Alone Cannot Sustain Conviction; 1988 Murder Acquittal Restored || SC: Successive Impleadment Applications are Barred by Res Judicata under Different CPC Provisions || Supreme Court Halts Coercive Measures in CJP Protest Cases, Directs Release of Minors || Supreme Court: National Commission for Scheduled Castes Lacks Power to Pass Binding Orders || Bombay HC: Alleged Illegal Arrest Alone Cannot Trigger Contempt Action Against Police || Bombay HC Quashes Order against Taiwan National, Says Online Study Didn't Breach Visa Rules || P&H High Court Issues Directions on LADC Scheme After Reviewing Lawyers' Objections || Allahabad HC: Suspension of Sentence Plea Need Not Take Priority if Appeal is Ready || Allahabad High Court: Surcharge Recovery From Pradhan Must Follow Panchayat Raj Act Procedure || Allahabad HC Directs IB Probe into 4 Lucknow Lawyers, Raises Concern over Lawyer-Police Nexus

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 :