Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement

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..... RBI/2015-16/359 DBR.No.Ret.BC.91 /12.01.001/2015-16 April 5, 2016 The Chairperson /CEOs of all Scheduled Commercial Banks/ Regional Rural Banks / All Scheduled Primary (Urban) Co-opera .....

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..... t. 2. As announced in the First Bi-Monthly Monetary Policy Statement 2016-17 dated April 5, 2016 , it has been decided to reduce the minimum daily maintenance of the Cash Reserve Ratio from 95 per .....

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