Banks are required to maintain the CRR at 3.50 per cent of their NDTL: RBI

Corporate Law
circular
financeseva

By: Admin
08-Feb-2021

Circular no. DOR.No. Ret.BC.35/12.01.001/2020-21, February 05, 2021

As announced in paragraph 2 of the Statement on Developmental and Regulatory Policies of February 05, 2021, the RBI decided to gradually restore the CRR in two phases in a non-stop manner.

Consequently, banks are required to maintain the CRR at 3.50 per cent of their NDTL effective from the reporting fortnight beginning on March 27, 2021 and 4.00 percent of their NDTL effective from fortnight beginning on May 22, 2021.

Head Office:- Plot No 6A, IInd Floor, Opp. Max Hospital, Hasanpur, Patparganj, Delhi-110092
Branch Office:- IInd Floor, SCO-20, Huda Shopping Complex, Saraswati Vihar, Near Sahara Mall, MG Road Metro Station, Gurugram, Haryana-122002
+91 9863020202
contact@financeseva.in
https://financeseva.com/

Banks are required to maintain the CRR at 3.50 per cent of their NDTL: RBI

Quick Link

News Latest