MANU/RMIC/0086/2022
Ministry : Reserve Bank of India
Department/Board : Department of Regulation
Circular No. : DOR.RET.REC.33/12.01.001/2022-2023
RBI/2022-2023/46
Date : 04.05.2022
Notification/ Circulars Referred : Circular DOR.No.Ret.BC.35/12.01.001/2020-21 dated February 05, 2021 MANU/RMIC/0014/2021;Notification DOR.RET.REC.34/12.01.001/2022-23 dated May 04, 2022 MANU/RMIC/0087/2022;Notification DOR.No.Ret.BC.38/12.01.001/2020-21 dated February 05, 2021 MANU/RMIC/0154/2021
Citing Reference:
Circular DOR.No.Ret.BC.35/12.01.001/2020-21 dated February 05, 2021 MANU/RMIC/0014/2021 Referred
Notification DOR.RET.REC.34/12.01.001/2022-23 dated May 04, 2022 MANU/RMIC/0087/2022 Referred
Notification DOR.No.Ret.BC.38/12.01.001/2020-21 dated February 05, 2021 MANU/RMIC/0154/2021 Referred
All Banks
Madam/Sir,
Maintenance of Cash Reserve Ratio (CRR)
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.