UBD(PCB)
No 2/12.03.000/2006-07 February
14, 2007 NOTIFICATION In
exercise of the powers conferred under sub-section (1) of Section 42 of the Reserve
Bank of India Act, 1934 and in supersession of its notification UBD.PCB.22/16.26.000/2006-07
dated December 11, 2006, the Reserve Bank of India, hereby, specifies that
the average Cash Reserve Ratio (CRR) required to be maintained by scheduled primary
(urban) co-operative banks shall, from effective dates mentioned below, be as
indicated there against.
| Effective
date
(ie the fortnight
beginning from) | CRR
on net demand and
time liabilities (percent) | |
February
17, 2007 | 5.75 |
| March
03, 2007 | 6.00 |
(V.S.Das)
Executive
Director |