RBI increased CRR for the Non scheduled Urban co-op banks
By Neelima Shankar
Jun 6, 2014
Print    Email    RSS   

In order to maintain the equality between the nonscheduled urban co-operative banks (UCB) and scheduled primary urban co-operative banks, last day Reserve bank of India increased the Cash reserve ratio of the non scheduled UCBs. RBI has increased the CRR by 100 basis points.

The new CRR for the non scheduled UCBs is 4%. The new CRR will applicable from July 12 onwards. There are nearly 1,500 non scheduled UCB banks in India. This measure will bring total demand and time liabilities of non scheduled UCB banks on par with scheduled primary (urban) co-operative Banks.

Further RBI has reduced the SLR ratio requirement for them by 0.50%. Now the SLR ratio requirement is 22.50%.

(Comments Posted : 1) Post Your Comments
1. Do you need an urgent loan or financial service? Contact /
shola clark (Posted: Jun 8, 2014)
Show All Comments
 Select a product:

 Select a product:

Tax saver fixed deposits in India earn you...
Recurring deposits: to the benefit of the...
Recurring deposit facility by IDBI Bank
Carnival of Indian Personal Finance Blogs #4
Investment options to Save Tax under...

Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...

Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive