MANU/RMIC/0063/2021
Ministry : Reserve Bank of India
Department/Board : Department of Regulation
Circular No. : DoR.RET.REC.09/12.01.001/2021-2022
RBI/2021-2022/30
Date : 05.05.2021
Notification/ Circulars Referred : Circular DOR.No.Ret.BC.37/12.01.001/2020-21 dated February 5, 2021 MANU/RMIC/0012/2021
Citing
Reference :
Circular DOR.No.Ret.BC.37/12.01.001/2020-21 dated February 5, 2021 MANU/RMIC/0012/2021 Referred
All Scheduled Commercial Banks
Madam/Sir
Credit to MSME entrepreneurs
Please refer to our circular DOR.No.Ret.BC.37/12.01.001/2020-21 dated February 5, 2021, on captioned subject.
2. In terms of the above circular, Scheduled Commercial Banks were allowed to deduct the amount equivalent to credit disbursed to new MSME borrowers from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio (CRR). This exemption was available up to ` 25 lakh per borrower for the credit disbursed up to the fortnight ending October 1, 2021.
3. It has been decided to extend this exemption for such credits disbursed up to the fortnight ending December 31, 2021. All other instructions contained in the circular ibid remain same.
Yours faithfully
(Thomas Mathew)
Chief General Manager