Maintenance of Cash Reserve Ratio (CRR)

RBI/2011-12/369

UBD.BPD. (PCB). CIR.No. 2 /12.03.000/2011-12 January 25, 2012

The Chief Executive Officers of

All Scheduled Primary (Urban) Co-operative Banks

Dear Sir,

Section 42(1) of Reserve Bank of India Act, 1934 –

Please refer to our Circular UBD (PCB).No.3/12.03.000/2009-10 dated April 21, 2010 on the captioned subject.

2. The Reserve Bank in its Third Quarter Review of Monetary Policy 2011-12 issued on January 24, 2012, decided to reduce the Cash Reserve Ratio (CRR) of Scheduled Primary (Urban) Co-operative Banks by 50 basis points from 6.00 per cent to 5.50 per cent of their net demand and time liabilities (NDTL), with effect from the fortnight beginning January 28, 2012.

3. A copy of the relative notification UBD.(PCB).No./ 6 /12.03.000/2011-12 dated January 25, 2012 is enclosed.

4. Please acknowledge receipt.

Yours faithfully,

(A.Udgata)

Chief General Manager-in-Charge

Encl: 1

शहरी बैंक िवभाग

Urban Banks Department, Central Office, Garment House, 1 Floor, Dr.A.B.Road, Worli, Mumbai - 400018, India

Phone: 022 - 2493 9930 - 49; Fax: 022 - 2497 4030 / 2492 0231; Email: rbiubdco@rbi.org.in

बैंक िहन्दी में पऽाचार का ःवागत करता है

UBD.BPD. (PCB). DIR.No. 6 /12.03.000/2011-12 January 25, 2012