Supreme Court: Compassionate Appointees Cannot Later Claim Entitlement to a Higher Post || NCLAT New Delhi: Insolvency Pleas Cannot Be Admitted When Information Utility Records Show a Dispute || NCLAT: Issuing Cheques For Another Entity’s Liabilities Does not Constitute Operational Debt || NCLAT: SEBI Penalties Imposed After Liquidation Begins are Not Admissible as Claims || NCLT Reiterates That an Auction Purchaser is Not Liable For a Corporate Debtor’s Electricity Dues || Delhi HC Upholds Interim Injunction Against 'Power Flex' in Bata’s Trademark Infringement Case || Calcutta High Court: Mere Presence of Alcohol in Post-Mortem Cannot Bar Compensation to Heirs || Kerala High Court: Review Petition Cannot Be Entertained Against an Order Refusing Arbitration || J&K High Court: Umadevi Judgment Does not Justify Perpetual Temporary Employment || SC: Public Premises Act Prevails over State Rent Laws For Evicting Unauthorised Occupants

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 :