Supreme Court: Non-Signatory Can Be Bound By an Agreement if Involved in Performing the Contract || Supreme Court: 'Washed-Off Theory' Inapplicable in Assessing Employee Retention Suitability || SC Directs States/UTs to Grant Ex-Servicemen Quota to Cadets Disabled 40% or More in Training || Delhi High Court Quashed Cases over Allegations of Excess Lead Content in Maggi Noodles || Madras High Court: Advocates Cannot Hinder Police From Producing Arrested Lawyers Before a Court || Allahabad HC Awarded Rs. 4.75 Lakh Compensation Over Illegal Vehicle Confiscation in a Beef Case || Allahabad High Court: Strong Suspicion, Not Proof of Guilt, is Sufficient to Frame Charges || Delhi HC: Prior Sanction Not Required Where Cognizance Preceded 2018 PC Act Amendment || Bombay High Court: The Notion of a "Perfect Victim" in Rape Cases is a Myth || Allahabad High Court: Prior Agreement With Inquiry Report Doesn't Vitiate Disciplinary Proceedings

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 :