CIRCULAR DBR.RET.BC.91/12.01.001/2015-16, DATED 5-4-2016

DAILY MINIMUM CASH RESERVE MAINTENANCE REQUIREMENT

CIRCULAR DBR.RET.BC.91/12.01.001/2015-16DATED 5-4-2016

Please refer to our Circular DBOD.No.Ret.BC.55/12.01.001/2013-14; UBD.BPD.(SCB).CIRNo.2/12.03.000/2013-14 and RPCD.CO.RRB.RCB.No. 40/03.05.33/ 2013-14 all dated September 20, 2013 on the captioned subject.

2. As announced in the First Bi-Monthly Monetary Policy Statement 2016-17 dated April 5, 2016, it has been decided to reduce the minimum daily maintenance of the Cash Reserve Ratio from 95 per cent of the requirement to 90 per cent effective from the fortnight beginning April 16, 2016.

Leave a comment