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.