SC: Appeal U/S 374 CrPC/415 BNSS is Not Maintainable Against Sessions Court's Reversal of Acquittal || SC Asked the Centre to Promote Awareness About the Consequences of Driving With an Expired Licence || SC Explains How a Deceased Christian Wife's Property Devolves under the Indian Succession Act || Supreme Court: Reach Stacker isn't a Motor Vehicle; MACT Claim Not Maintainable || Supreme Court: Lift Makers, Operators and Owners Share Responsibility for User Safety || Patna HC: Pressure to Sign Divorce and Child Custody does not Amount to Cruelty || Bombay HC: Externment under the Police Act Requires Satisfaction About a Gang's Activities || Bombay HC: False Travel Distance Claim Alone Doesn't Constitute Misappropriation || J&K&L High Court: Interest on Delayed Gratuity is Not a Mandatory Pre-Deposit For an Appeal || Meghalaya HC: Meritorious Candidate Cannot Be Denied Admission For a Two-Minute Delay

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 :