Withdrawal of the Incremental CRR

All scheduled banks were required to maintain, incremental CRR of 100% of the increase in NDTL between 16/9/16 and 11/11/16 w.e.f  26/11/16.

It has now been decided to withdraw the requirement from 10/12/16 onwards.

Based on RBI circular dated 7/12/2016. For any further clarification please refer www.rbi.org.in...............Poppy

Department of  Banking Regulation, Central Of f ice, Centre 1,Cuf f e Parade, Colaba, Mumbai - 400 005,

Tele: 91-22-22-22189 Fax: 91-22-22160970 E-mail: cgmicdbodco@rbi.org.in