Bank to maintain average Cash Reserve Ratio (CRR) of 4.50%: RBI

RESERVE BANK OF INDIA
NOTIFICATION
Delhi, the 4th May, 2022

No. DOR.RET.REC.34/12.01.001/2022-23.—In exercise of the powers conferred under the sub-section (1) of Section 42 of the Reserve Bank Act, 1934 and sub-section (1) of Section 18 of the Banking Regulation Act, 1949 (10 of 1949) read with section 56 thereof, and in partial modification of the earlier notification DOR.No.Ret.BC.38/12.01.001/2020-21 dated February 05, 2021, the Reserve Bank of India hereby notifies that the average Cash Reserve Ratio (CRR) required to be maintained by every bank shall be 4.50 per cent of its net demand and time liabilities effective from the reporting fortnight beginning May 21, 2022.

JAYANT KUMAR DASH, Executive Director
[ADVT.-III/4/Exty./87/2022-23]