DBOD.No.BC. 43/12.01.001/97-98
May 20, 1998
Vaishakha 30, 1920 (Saka)
NOTIFICATION
In exercise of the powers conferred
by sub-section (7) of Section 42 read with sub-section (1A) of Section 42 of
the Reserve Bank of India Act, 1934, and in continuation of its Notification
DBOD No. BC. 37/12.01.001/92 dated 8th October 1992 Reserve Bank of India hereby
specifies that the remaining two-thirds balance of the additional cash balances
maintained by Scheduled Commercial Banks under 10 per cent incremental Cash
Reserve Ratio (CRR) based on the level of Net Demand and Time Liabilities upto
the level as on 17th April 1992 be released in 12 equal installments as indicated
below.
|
Fortnight beginning Cumulative
from Release |
|
May 23, 1998 One
twelfth June 06, 1998 Two
twelfth July 04, 1998 Three
twelfth August 01, 1998 Four
twelfth August 29, 1998 Five
twelfth September 26, 1998
Six twelfth October 24, 1998 Seven
twelfth November 21, 1998
Eight twelfth December 19, 1998 Nine
twelfth January 16, 1999 Ten
twelfth February 13, 1999
Eleven twelfth March 13, 1999
Total |
(S. Gurumurthy)
Executive Director
ANNEXURE
Balance Resources (two-thirds) impounded under 10 per cent incremental CRR between May 03, 1991 and April 17, 1992- Schedule of Release
|
Fortnight beginning Cumulative
from Release |
|
May 23, 1998 One
twelfth June 06, 1998
Two twelfth July 04, 1998 Three
twelfth August 01, 1998 Four
twelfth August 29, 1998 Five
twelfth September 26, 1998 Six
twelfth October 24, 1998
Seven twelfth December 19, 1998 Nine
twelfth January 16, 1999 Ten
twelfth February 13, 1999
Eleven twelfth March 13, 1999 Total
|