DBOD.No.BC. 4/12.01.001/97-98

January 16, 1998
Pausha 26, 1919 (Saka)

Notification

In exercise of the powers conferred by Proviso to Sub-section (1) of Section 42 of the RBI Act, 1934 (2 of 1934) and in supersession of its Notification No. DBOD. BC. 147/12.01.001/97-98 dated December 02, 1997 the Reserve Bank of India hereby specifies that the average Cash Reserve Ratio (CRR) required to be maintained by Scheduled Commercial Banks (excluding Regional Rural Banks) shall be 10.50 per cent with effect from the fortnight beginning January 17, 1998

(S. Gurumurthy)

Executive Director