May 04, 2022
All Banks
Madam/Sir,
Please refer to our circular DOR.No.Ret.BC.35/12.01.001/2020-21 dated February 05, 2021 and relative notification on the captioned subject.
2. As announced in the Governor’s Statement dated May 04, 2022, it has been decided to increase the Cash Reserve Ratio (CRR) of all banks by 50 basis points from 4.00 percent to 4.50 percent of their Net Demand and Time Liabilities (NDTL), effective from the reporting fortnight beginning May 21, 2022.
3. A copy of the relative notification DOR.RET.REC.34/12.01.001/2022-23 dated May 04, 2022 is enclosed.
Yours faithfully,
(Prakash Baliarsingh)
Chief General Manager
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Notification : https://www.dropbox.com/s/5btcqi8ssb77632/Maintenance%20of%20Cash%20Reserve%20Ratio%20%28CRR%29.PDF?dl=0