Supreme Court Rejects Plea to Abolish Hanging, Says Centre Can Explore Alternative Methods || Supreme Court: Sentences With Life Imprisonment Must Run Concurrently, Not Consecutively || SC: Insurer Not Liable Beyond Sum Assured Without Advance Premium Payment || Supreme Court: Illegal Appointments Cannot Be Regularised Due to Long Service || SC: Courts Should Not Interfere Late in Tender Processes; Challenges Must Be Prompt || Delhi HC: UAPA Default Bail Triggered after 180 Days, Not 90 under BNSS || Madras HC: No Place for Caste Discrimination in Temples, God Treats All Equally || Bombay HC: Public Authorities Need Not Obtain Third-Party Information for RTI Applicants || Delhi HC Levies Rs.5 Lakh Costs on Delhi Metro Rail Corporation Limited over Sham Plea || Delhi HC: False Marriage Promise Invalidates Consent Only if it Taints Consent

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 :