RBI/2013-14/284
UBD.BPD. (SCB). CIR. No. 2/12.03.000/2013-14

September 20, 2013

The Chief Executive Officers of
All Scheduled Primary (Urban) Co-operative Banks

Madam/Dear Sir,

Section 42(1) of Reserve Bank of India Act, 1934 – Change in
Daily Minimum Cash Reserve Maintenance Requirement

Please refer to our circular No.UBD.BPD. (SCB).CIR.No.1/12.03.000/2013-14 dated July 24, 2013 on the captioned subject.

2. As announced in the Press Release 2013-14/604 dated September 20, 2013, It has been decided to reduce the minimum daily maintenance of the cash reserve ratio (CRR) from 99 per cent to 95 per cent effective from the fortnight beginning September 21, 2013.

Yours faithfully,

(A.K.Bera)
Principal Chief General Manager