Schedules banks directed to maintain incremental cash reserve ratio


RBI vide notification dated August 10, 2023 has allowed all Scheduled Commercial Banks/Regional Rural Banks/all Scheduled Primary (Urban) Co-operative Banks/all Scheduled State Co-operative Banks to maintain with the Reserve Bank of India, effective from the fortnight beginning August 12, 2023, an incremental Cash Reserve Ratio of 10 per cent on the increase in NDTL between May 19, 2023 and July 28, 2023.

The CRR compliance will be reviewed on September 8, 2023 or earlier.

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