TIOL-DDT 511 · Wednesday, 13 December 2006 · story 3 of 7
Cash Reserve Ratio (CRR) of Scheduled Commercial Banks increased by RBI
By Vijay Kumar
The RBI has increased the CRR by by one-half of one percentage point of their net Demand and Time Liabilities (NDTL) in two stages, effective from fortnights as indicated below:
Effective date (i.e., the Fortnight beginning from)
CRR on net demand and time Liabilities (per cent)
December 23, 2006
5.25
January 06, 2007
5.50
RBI/2006-2007/201 .DBOD.No. Ret.BC. 45/12.01.001/2006-07 Dated: December 11, 2006