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