_____________ RESERVE BANK OF INDIA_____________

www.rbi.org.in

 

RBI/DOR/2021-22/80

DOR.No.RET.REC.32/12.01.001/2021-22                                                                                                                                                          July 20, 2021

 

Master Direction - Reserve Bank of India

[Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions - 2021

 

In exercise of the powers conferred by Section 35 A of the Banking Regulation Act, 1949 and pursuant to Section 42 of the Reserve Bank of India Act, 1934 and Sections 18, 24 and 56 of the Banking Regulation Act, 1949 as amended from time to time, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest so to do, hereby, issues the Directions hereinafter specified..

CHAPTER – I PRELIMINARY

1.         Short Title and Commencement

(a)          These Directions shall be called the Reserve Bank of India Directions, - 2021 on Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR).

 

(b)         These Directions shall come into effect on the day these are placed on the official website of the Reserve Bank of India.

 

CHAPTER – II APPLICABILITY

2.a)   The   provisions   of   these   Directions   shall   apply   to   all  Scheduled

Commercial Banks (SCBs) (including Regional Rural Banks), Small Finance Banks (SFBs), Payments Banks, Local Area Banks (LABs), Primary (Urban) Co-operative Banks (UCBs), State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) unless stated to the contrary.

 

b)  The maintenance of CRR shall be reported to Reserve Bank of India under the following statutory returns:

i)              Form A Return for Scheduled Commercial Banks (including Regional Rural Banks (RRBs)), Small Finance Banks, Payments Banks and Local Area Banks

ii)            Form B Return for Scheduled Co-operative Banks

 

iii)          Form I Return for non-scheduled Co-operative Banks under Section 18 of the Banking Regulation Act, 1949, read with Section 56 thereof

 

c)  The maintenance of SLR shall be reported to Reserve Bank of India under the following statutory returns:

 

i)                   Form VIII Return (for SLR) for Scheduled Commercial Banks (including Regional Rural Banks), Small Finance Banks, Payments Banks and Local Area Banks;

ii)                 Form I Return (for SLR) for all Co-operative Banks under Section 24 of the Banking Regulation Act, 1949, read with Section 56 thereof

 

CHAPTER - III DEFINITIONS

 

3.  Definitions

a) In these Directions, unless the context otherwise requires, the terms herein shall bear the meaning assigned to them below:-

 

i)  ‘Aggregate Deposits’ shall mean aggregation of demand and time deposits.

 

ii)  Apportionment of Saving Bank Account into demand liability and time liability

: the bank shall undertake the apportionment of Saving Bank Account into demand liability and time liability as per the following procedure:

 

a)             The present practice of calculation of the proportion of demand liabilities and time liabilities by Scheduled Commercial Banks in respect of their savings bank deposits on the basis of the position as at the close of business on 30th September and 31st March every year (cf. RBI circular DBOD.No.BC.142/09.16.001/97-98 dated November 19, 1997) shall continue in the new system of interest application  on savings bank deposits on a daily product basis;

b)          The average of the minimum balances maintained (in each account) in each of the months during the half year period shall be treated by the bank as the amount representing the "time liability" portion of the savings bank deposits. When such an amount is deducted from the average of the actual balances maintained during the half year period, the difference would represent the "demand liability" portion.

c)           The proportions of demand and time liabilities so obtained for each half year shall be applied for arriving at demand and time liabilities components of savings bank deposits for all reporting fortnights during the next half year.

 

iii)      Approved Securities1/SLR securities:Following securities shall be considered as approved securities:

(1)  Dated securities of the Government of India issued from time to time under the market borrowing programme and the Market Stabilization Scheme;

(2)    Treasury Bills of the Government of India; and

(3)   State Development Loans (SDLs) of the State Governments issued from time to time under the market borrowing programme.

(4)  Any other instrument as may be notified by the Reserve Bank of India (As and when prescribed).

 

Explanation:

(i)                For Form A Return and its Annex, bank should report the total investment in approved securities as per it’s investment book i.e. including encumbered securities.

(ii)              For SLR purpose, only unencumbered portion of investment  in approved securities qualify as specified SLR assets. The following SLR securities, however, shall not be considered as encumbered securities for SLR purpose and hence they will also qualify as specified SLR asset:

 

(a)  Securities lodged with another institution for an advance or any other credit arrangement to the extent to which such securities have not been drawn against or availed of;

(b)  Securities offered as collateral to the Reserve Bank for availing liquidity assistance from Marginal Standing Facility (MSF) up to the permissible percentage of the total NDTL in India, carved out of the required SLR portfolio of the bank concerned;

(c)   Securities offered as collateral to the Reserve Bank for availing liquidity assistance under Facility to Avail Liquidity for Liquidity Coverage Ratio (FALLCR); and

(d)  Securities acquired by banks under RBI-LAF and market repo transactions.

 

iv)  ‘Assets with Banking System’ shall:

a)                include balances with banks in current account, balances with banks and notified financial institutions in other accounts, funds made available to banking system by way of loans or deposits repayable at call or short notice of a fortnight or less and loans other than money at call and short notice made available to the banking system.

 

1 Approved securities are commonly known as SLR securities

 

b)         any other amounts due from the banking system which cannot be classified under any of the above items are also to be taken as assets with the banking system.

 

v)  ‘Average daily balance’ means average of the balances held at the close of business on each day of a fortnight.

 

vi)   ‘Bank credit in India’ shall mean all outstanding loans and advances including advances for which provisions have been made and/or refinance has been received {but excludes rediscounted bills without recourse and advances written off at Head Office level (i.e. technical write off)}.

 

vii)  ‘Banking System’ or ’Banks’ wherever it appears in the prescribed Form A/Form B Return shall mean the banks and any other financial institutions referred to in sub-clause (i) to (vi) of the Explanation below Section 42(1)(d) and (e) of the Reserve Bank of India Act, 1934.

 

viii) “cash” to be maintained by:

 

i)  Scheduled commercial banks, Small Finance Bank, Payments Bank and Local Area Banks shall include,

 

·         cash in hand,

·         the net balance in current accounts with other scheduled commercial banks in India.

·         the deposit required under sub-section (2) of Section 11 of the Banking Regulation Act, 1949 to be made with the Reserve Bank by a banking company incorporated outside India;

·         any balance maintained by a scheduled bank with the Reserve Bank in excess of the balance required to be maintained by it under Section 42 of the Reserve Bank of India Act,1934 (2 of 1934);

 

ii)    Primary (urban) co-operative bank/State co-operative bank /District Central Co-operative bank shall include:

 

·         cash in hand maintained by a co-operative bank, which is a scheduled bank

·         Cash in hand maintained by a co-operative bank, not being a scheduled bank, in excess of the cash or balance required to be maintained under Section 18 of the Banking Regulation Act, 1949 (10 of 1949) read with Section 56 thereof; and

 

·         any balances maintained by a Co-operative bank, which is a scheduled bank, with the Reserve Bank in excess of the balance required to be maintained by it under Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934);

·         any balances maintained by a Co-operative bank, not  being a scheduled bank, with the Reserve Bank in excess of the balance required to be maintained by it under Section 18 of the Banking Regulation Act, 1949 (10 of 1949) read with Section 56 thereof; and

·         “Net balances in current accounts” as defined in the Explanation to sub- section (1) of Section 18 of the Banking Regulation Act, 1949 (10 of 1949) read with Section 56 thereof, in excess of the balance required to be maintained by it under the said section.

 

ix)  ‘Cash in India/hand’ shall consist of total amount of rupee notes and coins held by bank branches / ATMs / Cash deposit machines maintained by banks in India, including transit cash on bank’s books as also cash with Business Correspondents (BCs), but shall exclude cash, where physical possession is with outsourced vendors/BCs, which is not replenished in bank’s ATM and/or is not reflected on bank’s books.

 

x)     “Corresponding new bank” shall mean a corresponding new bank constituted under Section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act,1970 (5 of 1970); or under Section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980)

 

xi)    ‘Deemed Cash’ shall be cash held in India for the purpose of SLR maintenance and shall consist of the following:

 

(a)    Cash in hand as defined in Section 3(a)(ix) of these Directions.

(b)    The deposit required under sub-section (2) of Section 11 of the Banking Regulation Act, 1949 and kept with the Reserve Bank by a banking company incorporated outside India

(c)    Any balance maintained by a scheduled bank with the Reserve Bank in excess of the balance required to be maintained by it under Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934);

(d)    Net balance in current accounts with other SCBs in India.

 

xii)   Demand Deposit’ shall mean a deposit received by the bank which is withdrawable on demand and shall include current deposits, demand portion of savings deposits, credit balances in overdrafts, cash credit accounts, deposits payable at call, overdue deposits, cash certificates, etc.

 

xiii)  ‘Demand Liabilities’ shall mean liabilities of a bank which are payable on demand and shall include the following:

a)              current deposits,

b)              demand liabilities portion of savings bank deposits,

c)               margins held against letters of credit/guarantees,

d)              balances     in     overdue     fixed     deposits,     cash     certificates     and cumulative/recurring deposits,

e)              outstanding   Telegraphic   Transfers    (TTs),     Mail    Transfers    (MTs), Demand Drafts (DDs),

f)                  unclaimed deposits,

g)              credit balances in the Cash Credit account,

h)             deposits held as security for advances which are payable on demand. Explanation: Money at Call and Short Notice from outside the banking system shall be shown against liability to others.

 

xiv)  ‘District Central Co-operative Bank’ shall mean the Principal Co-operative Society in a district in a State, the primary object of which is financing of other Co-operative Societies in that district:

 

Provided that in addition to such Principal Society in a district, or where there is no such Principal Society in a district, the State Government may declare any one or more Co-operative Societies carrying on the business of financing other Co-operative Societies in that district to be also or to be a District Central Co-operative Bank or District Central Co-operative Banks within the meaning of this definition.

 

xv)  ‘Fortnight’ means the period from Saturday, following a reporting Friday, to the second following Friday, both days inclusive.

 

xvi)  ‘Investment in India’ shall consist of investment in approved government securities and other approved securities (as explained below). These shall include both encumbered and unencumbered securities as per bank’s investment book.

 

(Except securities acquired by banks under RBI-LAF and market repo)

 

xvii)    ‘Investment in India in other Government Securities’ shall mean Investment in Government securities which are not approved securities {such as state development loans (SDLs) issued as UDAY bonds}.

 

xviii)  ‘Liquidity Adjustment Facility (LAF)’ shall mean fixed and variable rate Repo operations (for injection of liquidity) and reverse repo operations (for absorption of liquidity) conducted by the Reserve Bank of India from time to time.

 

xix)  ‘Local Area Bank’ shall mean a banking company licensed as such under Section 22 of the Banking Regulation Act, 1949 (10 of 1949).

 

xx)  ‘Marginal standing facility’ 2shall mean the facility under which the eligible banks can avail liquidity support from the Reserve Bank against excess SLR holdings. Additionally, they can also avail overnight liquidity by dipping into their stipulated SLR, up to a certain per cent of their respective NDTL outstanding at the last Friday of the second preceding fortnight.

 

xxi)   ‘Market borrowing programme’ shall mean the domestic rupee loans raised by the Government of India and the State Governments from the public and managed by the Reserve Bank through issue of marketable securities, governed by the provisions of the Government Securities Act, 2006, Public Debt Act, 1944 and the Regulations framed under those Acts, through an auction or any other method, as specified in the notification issued in this regard.

 

xxii)  ‘Net balance in current accounts’ shall have the same meaning assigned in explanation  (c) to Section 18 of the Banking Regulation Act, 1949.

 

xxiii)  ‘Other Approved Securities’ shall mean Government Securities, other than the securities mentioned in Section 3(a)(iii) above, subject to the condition that they are notified as approved securities.

 

xxiv)  ‘Other Demand and Time Liabilities(ODTL)’ shall include the following:

a)             Interest accrued on deposits, bills payable, unpaid dividends, suspense account balances representing amounts due to other banks or  public, net credit balances in branch adjustment account, and any amounts due to the banking system which are not in the nature of deposits or borrowing.

 

(b)   The balance outstanding in the blocked account pertaining to segregated outstanding credit entries for more than five years in inter-branch adjustment account, the margin money on bills purchased/discounted and gold3 borrowed by banks from abroad.

 

(c)   Borrowings through instruments qualifying for Upper Tier 2 and Tier 2 capital

 

 

2 The rate of interest under MSF will be above the LAF repo rate, as decided by the RBI from time to time.

3 The conversion rate of gold into rupees is to be done by crossing the London AM fixing for Gold/USD rate with the rupee-dollar reference rate announced by Financial Benchmarks India Private Limited (FBIL).

 

Explanation:

(i)             Such liabilities may arise due to items like collection of bills on behalf of other banks, interest due to other banks and so on. If a bank cannot segregate the liabilities to the banking system from the total of ODTL, the entire ODTL may be shown against item II(c) 'Other Demand and Time Liabilities' of the Return in Form 'A' and Form ‘B’.

(ii)                   Cash collaterals received under collateralised derivative transactions should be included in the bank’s NDTL for the purpose of  reserve requirements as these are in the nature of ‘outside liabilities’. Interest accrued on deposits should be calculated on each reporting fortnight (as per the interest calculation methods applicable to various types of accounts) so that the bank’s liability in this regard is fairly reflected in the total NDTL of the same fortnightly return.

 

xxv)  ‘Primary Co-operative Bank’ shall mean a co-operative society, other than a primary agricultural credit society satisfying the following conditions:-

 

a)                            the primary object or principal business of which is the transaction of banking business;

b)                            the paid-up share capital and reserves of which are not less than one lakh of rupees; and

c)                            the bye-laws of which do not permit admission of any other co-operative society as a member :

 

Provided that this sub clause shall not apply to the admission of a co- operative bank as a member by reason of such co-operative bank subscribing to the share capital of such co-operative society out of funds provided by the State Government for the purpose.

 

xxvi)  ‘Scheduled Commercial Bank’ shall mean a banking company included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934) and includes the State Bank of India, corresponding new bank and Regional Rural Bank.

 

xxvii)  ‘State Co-operative Bank’ shall mean the Principal Co-operative Society in a State, the primary object of which is the financing of other Co-operative Societies in the State:

Provided that in addition to such Principal Society in a State, or where there is no such Principal Society in a State, the State Government may declare any one or more Co-operative Societies carrying on business in that State to be

 

also or to be a State Co-operative Bank or State Co-operative Banks within the meaning of this definition;

 

xxviii) ‘Time Deposits’ shall mean deposits other than demand deposits.

 

xxix)  ‘Time Liabilities’ : Time Liabilities of a bank shall include those liabilities which are payable otherwise than on demand and shall include the following:

(a)  fixed deposits,

(b)   )  cash certificates,

(c)  cumulative and recurring deposits,

(d)  time liabilities portion of savings bank deposits,

(e)  staff security deposits,

(f)   margin held against letters of credit, if not payable on demand,

(g)  deposits held as securities for advances which are not payable on demand

(h)  Gold deposits

 

xxx)  All other expressions unless defined herein shall have the same meaning as have been assigned to them under the Banking Regulation Act or the Reserve Bank of India Act, or any statutory modification or re-enactment thereto or as used in commercial parlance, as the case may be.

 

 

CHAPTER – IV

 

CASH RESERVE RATIO (CRR)

 

4.  Cash Reserve Ratio (CRR)

Every bank shall maintain in India by way of cash reserve, a sum equivalent to such percent of the total of its Net Demand and Time Liabilities (NDTL) in India, in such manner and for such dates, as the Reserve Bank in terms of Section 42(1) of the RBI Act, 1934 and Section 18(1) of BR  Act, 1949 [including provisions of Section 18 (1) of the BR Act as applicable to cooperative banks], may specify, by notification in the Official Gazette, from time to time having regard to the needs of securing the monetary stability in the country.

5.  Incremental CRR

In terms of Section 42(1A) of RBI Act, 1934, the Reserve Bank may require the scheduled banks to maintain, in addition to the balances prescribed under Section 42(1) of the Act, an additional average daily balance, the amount of which shall not be less than the rate specified by the Reserve Bank in the notification published in the Gazette of India from time to time.

 

Provided that such additional balance shall be calculated with reference to the excess of the total of NDTL of the bank as shown in the Returns referred to in Section 42(2) of the RBI Act, 1934 over the total of its NDTL at the close of the business on the date specified in the notification.

 

6.  Maintenance of CRR

(a)             Every scheduled bank shall maintain in India with the Reserve Bank, an average daily balance, the amount of which shall not be less than four per cent of the bank’s total NDTL in India as on the last Friday of the second preceding fortnight. The extent of provisions in this regard as applicable to scheduled banks shall, mutatis mutandis, be applicable to Small Finance Banks (SFBs) and Payments Banks (PBs).

(b)            Every co-operative bank, (not being a scheduled co-operative bank), shall maintain in India on daily basis by way of cash reserve with itself; or by way of balance in current account with the Reserve Bank or the state co-operative bank of the State concerned; or by way of net balance in current accounts; or in case of a primary (Urban) co-operative bank, balances with District Central Co-operative bank of the district concerned; or in one or more the aforesaid ways, a sum equivalent to four per cent of its NDTL in India, as on the last Friday of the second preceding fortnight.

(c)            Local Area Banks shall maintain in India by way of cash reserve with itself or by way of balance in a current account with Reserve Bank, or by way of net balance in current accounts or in one or more of the aforesaid ways, a sum equivalent to four percent of the total of its NDTL in India as on the last Friday of the second preceding fortnight.

 

7  Maintenance of Minimum CRR on Daily Basis

Every scheduled bank, small finance bank and payments bank shall maintain minimum CRR of not less than ninety per cent of the required CRR on all days during the reporting fortnight, in such a manner that the average of CRR maintained daily shall not be less than the CRR prescribed by the Reserve Bank.

 

8  Computation of Net Demand and Time Liabilities (NDTL)

(i)             NDTL of a bank includes (a) liabilities towards the banking system net of assets with the banking system as defined in Section 42 of the RBI Act, 1934 for scheduled banks, Small Finance Banks and Payments Banks or Section 18 of the Banking Regulation Act, 1949 for non-scheduled banks or Section 18 of the Banking Regulation Act, 1949 read with Section 56 thereof for non- scheduled co-operative banks and (b) liabilities towards others in the form of demand and time deposits or borrowings or other miscellaneous items of liabilities.

 

(ii)              For the purpose of these Directions, the Reserve Bank may specify from time to time with reference to any transaction or class of transactions that such transaction or transactions shall be regarded as liability in India of a bank.

(iii)               If any question arises as to whether any transaction or transactions shall be regarded, for the purpose of these Directions, as liability in India of a bank, the bank shall approach the RBI. The decision of the Reserve Bank thereon shall be final.

(iv)                Loans/borrowings from abroad by banks in India shall be reckoned as 'liabilities to others' and shall be subject to reserve requirements. On the other hand, lending to banks abroad will not be considered as assets with the banking system and hence will not be allowed to be netted out from inter-bank liabilities.

(v)              Upper Tier II instruments raised and maintained in India/abroad shall be reckoned as liability for the computation of NDTL for the purpose of reserve requirements.

(vi)        The balance amount in respect of the drafts issued by the accepting bank on its correspondent bank under the Remittance Facilities Scheme and remaining unpaid shall be reckoned as ‘Liability to others in India’ for the computation of NDTL. The amount received by correspondent banks shall be reckoned as ‘Liability to the Banking System’ and this liability may be netted off by the correspondent banks against the inter-bank assets.

(vii)                 Sums placed by banks for issuing drafts/interest/dividend warrants shall be treated as 'Assets with banking system' and banks shall have the option to net them  off from their inter-bank liabilities.

(viii)                 The calculation of the proportion of demand liabilities and time liabilities by scheduled banks, Small Finance Banks and Payments Banks in respect of their savings bank deposits on the basis of the position as at the close of business on 30th September and 31st March every year shall continue with interest application on savings bank deposits on a daily product basis.

 

9.  Liabilities not to be included for NDTL computation

The liabilities mentioned below shall not form part of liabilities of a bank for the purpose of CRR and SLR:

 

a)(i) Paid up capital, reserves, borrowings through instruments qualifying for Tier1 and additional Tier1 capital; any credit balance in the Profit & Loss Account of the bank; amount of any loan /refinance taken from RBI, Exim Bank, NHB, NABARD and SIDBI.

Provided that the funds collected by various branches of the bank or other banks for the issue and held pending finalization of allotment of the additional Tier1 preference shares shall have to be taken into account for the purpose of calculation of reserve requirements.

 

a)(ii) In the case of a State Co-operative Bank/District Central Co-operative Bank, any loan taken from the State Government or National Co-operative Development Corporation, any deposit of money representing reserve fund maintained by any co-operative society within the area of operation of the bank. In the case of a District Central Co-operative bank, also an advance taken by it from the concerned State Co-operative Bank.

 

In respect of any advance granted by the State Co-operative Bank / District Central Co-operative Bank against balance maintained with it, such balance to the extent of amount outstanding in it.

 

Provided further that any advance or other credit arrangement drawn and availed against approved securities shall not be included for NDTL computation for SLR purposes (in case of Scheduled StCBs) and for both CRR and SLR purposes (in case of other StCBs / District Central Co-operative Banks).

 

a)(iii) In the case of a Regional Rural Bank, any loan taken by such bank from its sponsor bank.

 

a)(iv) Any advance taken by a Primary Cooperative Bank from State Government, National Co-operative Development Corporation, State Co- operative bank of the State concerned or District Central Co-operative Bank of the district concerned as also any advance or credit arrangement drawn or availed of against approved securities. In case of an advance granted against any balance maintained with it by a Primary Co-operative Bank, such balance to the extent of the amount outstanding in respect of such advance will be excluded from the NDTL computation for SLR (in case of Scheduled Primary Co-operative Bank) and for both CRR and SLR (in case of other Primary Co- operative Banks).

 

b)         Net income tax provision;

c)         Amount received from DICGC towards claims and held by the bank pending adjustments thereof;

d)         Amount received from ECGC by invoking the guarantee;

e)             Amount received from an insurance company on ad-hoc settlement of claims pending judgment of the Court;

f)        Amount received from the Court Receiver;

 

g)             The liabilities arising on account of utilization of limits under Bankers’ Acceptance Facility (BAF);

h)              District Rural Development Agency (DRDA) subsidy kept in Subsidy Reserve Fund account in the name of Self Help Groups;

i)              Subsidy released by NABARD under Investment Subsidy Scheme for Construction/Renovation/Expansion of Rural Godowns;

j)            Subsidy released by Central/ State Government which is kept in zero per cent fixed deposit account, if the terms / conditions prescribed in this regard by the Government and the accounting / operating treatment given to zero per cent FDR account are same as that of zero per cent Subsidy Reserve Fund account;

k)           Net unrealized gain/loss arising from derivatives transaction under trading portfolio;

l)           Income flows received in advance such as annual fees and other charges which are not refundable; and

m)         Bill rediscounted by a bank with eligible financial institutions as approved by RBI.

10.  Exempted Categories

 

Scheduled Banks are exempted from maintaining CRR on the following liabilities

a)            Net of liabilities to the banking system from the assets with the banking system defined in Section 42 (1) (d) and 42 (1) (e) of the RBI Act, 1934 as under :-

(A)   Liabilities to the banking system as computed under clause (d) of explanation to section 42(1) of the RBI Act, 1934.

 

The aggregate of the "liabilities" of a scheduled bank, which is not a State Co-operative Bank, to:-

 

i)      the State Bank of India

 

ii)      a corresponding new bank constituted by Section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, and a corresponding new bank constituted by Section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980,

 

iii)        any Regional Rural Bank established under Section 3 of the Regional Rural Banks Act, 1976,

 

iv)       a banking company as defined in Clause (c) of Section 5 of the Banking Regulation Act, 1949 (10 of 1949),

 

v)       a co-operative bank as defined in Clause (cci) of Section 56 of the Banking Regulation Act, 1949, and

 

vi)       any other financial institution notified by the Central Government in this behalf,

 

shall be reduced by the aggregate of the liabilities of all such banks and institutions to the scheduled bank.

 

(B)   Liabilities to the banking system as computed under clause (e) of explanation to section 42(1) of the RBI Act, 1934.

 

The aggregate of the "liabilities" of a scheduled bank, which is a State Co-operative Bank, to:-

 

i)      the State Bank of India

 

ii)      a corresponding new bank constituted by Section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, and a corresponding new bank constituted by Section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980,

 

iii)       a banking company as defined in Clause (c) of Section 5 of the Banking Regulation Act, 1949 (10 of 1949),

 

iv)       any other financial institution notified by the Central Government in this behalf,

 

shall be reduced by the aggregate of the liabilities of all such banks and institutions to the State co-operative bank.

 

b)         Credit balances in ACU (US$) Accounts;

c)             Demand and Time Liabilities in respect of their Offshore Banking Units (OBUs).

d)          Minimum of Eligible Credit (EC) and outstanding Long-term Bonds (LB) to finance infrastructure loans and affordable housing loans as per guidelines

 

(DBOD.BP.BC.No.25/08.12.014/2014-15 dated July 15, 2014) issued on July 15, 2014 and November 27, 2014;

e)                 Liabilities in respect of the bank’s International Financial Services Centre(IFSC) Banking Units (IBUs); and

f)        Funds Borrowed under market repo against Government securities.

g)              Incentivising Bank Credit to Specific Sectors – Exemption from CRR Maintenance

 

(i)  Scheduled Commercial Banks have been allowed to deduct the equivalent amount of incremental credit disbursed by them as retail loans to automobiles, residential housing, and loans to micro, small and medium enterprises (MSMEs), over and above the outstanding level of credit to these segments as at the end of the fortnight ended January 31, 2020 from their NDTL for maintenance of CRR.

 

(ii)    An amount equivalent to the incremental credit outstanding from the fortnight beginning January 31, 2020 and up to the fortnight ending July 31, 2020 will be eligible for deduction from NDTL for the purpose of computing the CRR for a period of five years from the date of origination of the loan or the tenure of the loan, whichever is earlier.

 

(iii)   Banks were required to report the exemption availed at the end of a fortnight under “exemptions/others” in the Section-42 return, prescribed in Annex A to Form A as per Master Circular on Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) dated July 1, 2015. Proper fortnightly records of net incremental credit extended to the select sectors/NDTL exemption claimed, duly certified by the Chief Financial Officer (CFO) or an equivalent level officer, must be maintained by banks for supervisory review.

 

h)              Scheduled Commercial Banks will be allowed to deduct the amount equivalent to credit disbursed to ‘New MSME borrowers’ from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio (CRR). For the purpose of this exemption, ‘New MSME borrowers’ shall be defined as those MSME borrowers who have not availed any credit facilities from the banking system as on January 1, 2021. This exemption will be available only up to ?25 lakh per borrower disbursed up to the fortnight ending December 31, 2021, for a period of one year from the date of origination of the loan or the tenure of the loan, whichever is earlier. Banks are required to report the exemption availed at the end of a fortnight, in Annex A to Form A as per Master Circular on Cash Reserve Ratio (CRR) and  Statutory Liquidity Ratio (SLR) dated July 1, 2015, under the item “Any other liabilities coming under the purview of zero prescription” at VIII.1. Proper fortnightly records of credit disbursed to new MSME borrowers/CRR exemption claimed, duly certified by the Chief Financial Officer (CFO) or an equivalent level officer, must be maintained by banks for supervisory review.

 

11a) CRR Computation

 

In order to improve cash management by banks, as a measure of simplification, a lag of one fortnight is allowed to banks to maintain CRR based on the NDTL of the last Friday of the second preceding fortnight.

 

b) No Interest Payment on Eligible Cash Balances maintained by SCBs with   RBI under CRR

Reserve Bank of India does not pay any interest on the CRR balances maintained by SCBs.

 

12.      Loans out of FCNR (B) Deposits and Inter-Bank Foreign Currency (IBFC) Deposits

 

Loans out of Foreign Currency Non–Resident Accounts (Banks), (FCNR [B] Deposits Scheme) and Inter-Bank Foreign Currency (IBFC) deposits shall be included as part of bank credit for the purpose of these Directions. Banks shall use the conversion rate announced by Financial Benchmarks India Private Limited (FBIL) for the purpose of converting foreign assets/liabilities for reporting in the statutory returns mentioned at para 2. For conversion of assets/liabilities in other currencies, banks may use New York Closing Rate pertaining to the day end of the reporting Friday for converting such currencies into USD and then use the reference rate of FBIL for USD/ INR for the same day for conversion into INR.

 

CHAPTER – V STATUTORY LIQUIDITY RATIO (SLR)

13.    Statutory Liquidity Ratio (SLR)

 

Every bank, in addition to the cash reserves which it is required to maintain under these Directions, shall maintain in India, assets, the value of which shall not be less than such percentage not exceeding forty per cent of the total of its demand and time liabilities in India as on the last Friday of the second preceding fortnight as the Reserve Bank may, by notification in the Official Gazette, specify from time to time and such assets shall be maintained in such form and such manner, as may be specified in such notification.

 

14.    SLR - Eligible Assets

 

Every scheduled commercial banks (including Regional Rural Banks), Local area  banks,  Small  Finance  Banks,  Payments  Bank,  Primary   co-operative

 

bank, state co-operative bank and district central co-operative bank shall maintain in India assets (hereinafter referred to as ‘SLR assets’) the value of which shall not, at the close of business on any day, be less than 18 per cent of their total net demand and time liabilities in India as on the last Friday of the second preceding fortnight in accordance with the method of valuation specified by RBI from time to time.

 

15.    Marginal Standing Facility (MSF)

 

Banks permitted by Reserve Bank shall have the option to participate in the Marginal Standing Facility (MSF) Scheme introduced by the Reserve Bank. The features of the scheme are  given in ensuing paragraphs:

(i)  The eligible banks shall have the option to borrow up to three per cent of their respective NDTL outstanding at the end of the second  preceding fortnight.

(ii)  The eligible entities shall also continue to access overnight funds under this facility against their excess SLR holdings.

(iii)  In the event of banks’ SLR holding falling below the statutory requirement up to three per cent of their NDTL, banks shall not have the obligation to seek a specific waiver for default in SLR compliance arising out of use of this facility in terms of notification issued under sub section (2A) of Section 24 of the Banking Regulation Act, 1949.

 

16.      Within the mandatory SLR requirement, Government securities to the extent allowed by the Reserve Bank under Marginal Standing Facility (MSF) are permitted to be reckoned as the Level 1 High Quality Liquid Assets (HQLAs) for the purpose of computing Liquidity Coverage Ratio (LCR) of banks. In addition to this, banks are permitted to reckon up to another 15 per cent of their NDTL within the mandatory SLR requirement as level 1 HQLA. This facility has been provided to enable banks to avail liquidity for Liquidity Coverage Ratio.

 

17.    SLR assets shall be maintained by banks as under:

A.      For Scheduled Commercial Banks (Including Regional Rural Banks), Local Area Banks, Small Finance Banks and Payments Banks.

 

(a) Cash, or;

(b) Gold, as defined in Section 5(g) of the Banking Regulation Act, 1949 (10 of 1949), valued at a price not exceeding the current market price, or;

 

 

(c) Unencumbered investment in any of the following instruments [hereinafter referred to as Statutory Liquidity Ratio securities ("SLR securities")], namely:-

 

(i)     Dated securities of the Government of India issued from time to time under the Market Borrowing Programme and the Market Stabilization Scheme; or

 

(ii)   Treasury Bills of the Government of India; or

 

(iii)   State Development Loans (SDLs) of the State Governments issued from time to time under the market borrowing programme:

(iv)   Any other instrument as may be notified by the Reserve Bank of India

 

(As and when prescribed).

 

(d) the deposit and unencumbered approved securities required, under sub-section (2) of Section 11 of the Banking Regulation Act, 1949(10 of 1949), to be made with the Reserve Bank by a banking company incorporated outside India;

(e) any balance maintained by a scheduled bank with the Reserve Bank in excess of the balance required to be maintained by it under Section 42 of the Reserve Bank of India Act,1934 (2 of 1934);

Provided that the instruments referred to in items (c) (i) to (iii) mentioned above that have been acquired from Reserve Bank of India under reverse repo, shall be considered as eligible assets for SLR maintenance.

 

Provided further that the following SLR-securities shall not be treated as encumbered for the purpose of maintenance of SLR assets, namely:-

 

(a)  securities lodged with another institution for an advance or any other credit arrangement to the extent to which such securities have not been drawn against or availed of;

(b)  securities offered as collateral to the Reserve Bank for availing liquidity assistance under Marginal Standing Facility (MSF) up to the permissible percentage of the total NDTL in India, carved out of the required SLR portfolio of the bank concerned;

 

(c)   securities offered as collateral to the Reserve Bank for availing liquidity assistance under Facility to Avail Liquidity for Liquidity Coverage Ratio (FALLCR); and

 

B.      For primary (Urban) co-operative banks/ state cooperative banks/ district central cooperative banks,

 

(a)  Cash, or

 

(b)    Gold as defined in Section 5(g) of the Banking Regulation Act, 1949 (AACS) (10 of 1949) valued at a price not exceeding the current market price: or

 

(c)  Unencumbered investment in approved securities as defined in section 5(a) of the Banking Regulation Act, 1949 (10 of 1949) read with section 56 thereof:

 

Provided that the instruments that have been acquired from Reserve Bank of India under reverse repo, shall be considered as eligible assets for SLR maintenance.

 

Provided further that the following securities shall not be treated as encumbered for the purpose of maintenance of SLR assets, namely:-

 

(a)  securities lodged with another institution for an advance or any other credit arrangement to the extent to which such securities have not been drawn against or availed of;

 

(b) securities offered as collateral to the Reserve Bank for availing liquidity assistance under MSF up to the permissible percentage of the total NDTL in India, carved out of the required SLR portfolio of the bank concerned.

 

Explanation- For the purpose of these Directions,

 

(a)  i) Securities lodged in the Gilt Account of the bank maintained with Clearing Corporation of India Ltd. (CCIL) under Constituent Subsidiary General Ledger account (CSGL) facilities remaining unencumbered at the end of any day can be reckoned for SLR purposes by the bank concerned.

 

ii)                 Funds borrowed under repo including tri-party repo in government securities shall be exempted from CRR/SLR computation and the security acquired under repo shall be eligible for SLR provided the security is  primarily

 

eligible for SLR as per the provisions of the Act under which it is required to be maintained.

 

iii)               Borrowings by a bank through repo in corporate bonds  and debentures shall be reckoned as liabilities for Cash Reserve Ratio/ Statutory Liquidity Ratio requirement and, to the extent these liabilities are to the banking system, they shall be netted as per Section 42 (1) (d) of the RBI Act, 1934.

 

(b)   All banks shall maintain investments in Government Securities only in Subsidiary General Ledger (SGL) Accounts with Reserve Bank or in CSGL Accounts of scheduled commercial banks, Primary Dealers (PDs), State Co- operative Banks, and Stock Holding Corporation of India Ltd.(SHCIL) or in the dematerialised accounts with depositories such as National Securities Depositories Ltd (NSDL), Central Depository Services Ltd. (CDSL), and National Securities Clearing Corporation Ltd. (NSCCL).

 

Note:

 

1.  With a view to disseminating information on the SLR status of a Government security, it has been decided that:

 

i)     the SLR status of securities issued by the Government of India and the State Governments will be indicated in the Press Release issued by the Reserve Bank of India at the time of issuance of the securities; and,

ii)    an updated and current list of the SLR securities will be posted on the Reserve Bank's website (www.rbi.org.in) under the link "Database on Indian Economy” under the head ‘Statistics’.

 

2.  The cash management bill shall be treated as Government of India Treasury Bill and thus be reckoned as SLR security.

CHAPTER – VI

PROCEDURE FOR COMPUTATION OF SLR

 

18.        Procedure for Computation of NDTL for SLR

i)         Total NDTL for the purpose of SLR under Section 24 (2A) of Banking Regulation Act, 1949, shall be computed on the similar procedure as followed for CRR.

ii)       The liabilities mentioned under Section 9 of these Directions shall not form part of liabilities for the purpose of SLR also.

iii)      SCBs are required to include inter-bank term deposits/ term borrowing liabilities of all maturities in 'Liabilities to the Banking System'.

 

iv)     Banks shall include their inter-bank assets of term deposits and term lending of all maturities in 'Assets with the Banking System' for computation of NDTL for SLR purpose.

v)       Additionally, liabilities mentioned at Para 10 (d), 10 (e) and 10 (f) are exempt from SLR requirement.

 

19.        Classification and Valuation of SLR eligible securities

 

Classification and valuation of approved securities shall be in accordance with the instructions contained in our Master Circular (as updated from time to time) on Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by banks, as amended from time to time.

 

CHAPTER – VII  REPORTING  FORTNIGHTLY CRR RETURN IN FORM A / FORM B/ FORM I

20.   Under Section 42(2) of the RBI Act, 1934, every scheduled commercial bank (including Regional Rural Banks), scheduled state co-operative bank, Small Finance Bank, Payments Bank and Local Area Bank shall submit to Reserve Bank a provisional Return in Form 'A' / Form ‘B’ as the case may be, at the close of business on each alternate Friday and within seven days after the date of the relevant fortnight to which it relates.

 

21.   Under Section 42(2) of the RBI Act, 1934, every Scheduled Primary Co- operative banks shall submit the above-mentioned Return in Form ‘B’ at the close of business on each alternate Friday within seven days after the date to which it relates.

 

22.   Where such reporting Friday is a public holiday under the Negotiable Instruments Act, 1881, for one or more offices of the bank, the Return shall give at the close of business of the preceding working day’s figure in respect of such office or offices, but shall nevertheless be deemed to relate to that Friday.

 

23.  The final Return in Form 'A' or Form ‘B’ (for scheduled state co-operative banks), as the case may be, shall be submitted to Reserve Bank within 20 days from expiry of the relevant fortnight along with

(i)  the Memorandum to the Return in Form 'A' / Form ‘B’ giving  details of paid-up capital, reserves, time deposits comprising short-term (of contractual maturity of one year or less) and long-term (of contractual maturity of more than one year), certificates of deposits, NDTL, total CRR requirement, etc.,

 

(ii)  Annex A / Annex - I to the Return in Form ‘A’ / Form ‘B’ showing all foreign currency liabilities and assets and

(iii)   Annex B / Annex – II to  return  in  Form  ‘A’  /  Form  ‘B’ giving details about investment in approved securities, investment in unapproved securities, memo items such as subscription to shares/debentures/bonds in primary market and subscriptions through private placement.

 

24.  Where the last Friday of a month is not a reporting Friday for the purpose of the above Returns, the bank shall send to the Reserve Bank, a special Return in Form A or Form B as the case may be, giving the same details as specified above as at the close of business on such last Friday or where such last Friday is a public holiday under Negotiable Instruments Act, 1881, as at the close of business on the preceding working day and such Return shall also be submitted within seven days after the date to which it relates.

 

25.   Every co-operative bank, not being a scheduled co-operative bank, shall submit a Return in Form I together with Appendix I, to the regional office concerned of the Reserve Bank, not later than 20 days after the end of the month to which it relates showing the position, inter alia, of cash reserves maintained by the bank under Section 18 of the B.R. Act, 1949 read with Section 56, ibid, as at the close of business on each alternate Friday during the month. Where such alternate Friday is a public holiday under Negotiable Instruments Act, 1881 for one or more offices of the bank, the Return shall give the preceding day’s figure in respect of such office or offices, but shall nevertheless be deemed to relate to that Friday.

 

26.    Non Scheduled Primary (Urban) Co-operative Banks shall furnish in Appendix I, as per proforma given in Annex 5, along with the Return in Form I showing the position of the

(a)  Cash Reserve to be maintained under Section 18 of the BR Act, 1949 (AACS)

(b)  Cash Reserve actually maintained, and

(c)  Extent of deficit / surplus, if any, for each day of the month.

 

27.   Whenever there are wide variations between the sources and uses of funds as being reported in the fortnightly Return and the variations exceed 20 per cent, the banks concerned should give reasons therefor in the Return.

 

28.   In terms of Regulation 5(i) (c) of the Scheduled Banks Regulations,1951 and Regulation 4(1) of the Banking Regulation (Co-operative Societies) Rules, 1966,  the  banks  are  required  to  furnish  a  list  of  the  names,  the  officials

 

designations and specimen signatures of the officers of the banks who are authorized to sign on behalf of the banks, Returns prescribed under Section 42(2) of the RBI Act, 1934, and Section 18 and 24 of the Banking Regulation Act, 1949. The bank has to submit to Reserve Bank fresh set of signatures whenever there is change in the incumbency.

 

29.  Form A and Form VIII are not to be submitted in hard copy/paper returns by Scheduled Commercial banks.The Scheduled Commercial banks have to submit these returns in electronic form on XBRL live site using digital signatures of two authorised officials.While submitting these returns, banks have to ensure that the same is compliant with the prevalent IT laws of the country.

 

* Banks are required to submit in the revised Annex A to Form A and Annex B to Form A once the changes are effected in the XBRL system.Banks would be advised about the same in due course.

 

RETURN IN FORM VIII/Form I (SLR)

 

30.  Form VIII

 

Every scheduled commercial bank (including Regional Rural Bank), Small Finance Bank, Payments Bank and Local Area Bank shall submit to the Reserve Bank before 20th day of every month, a Return in Form VIII showing the amount of SLR held on alternate Fridays during the immediate preceding month with particulars of their DTL in India held on such Fridays or if any such Friday is a public holiday under the Negotiable Instruments Act, 1881, at the close of business on the preceding working day.

 

31.  Annex to Form VIII

 

Every scheduled bank shall  also  submit  a  statement  as  Annex  to  Form VIII Return  giving   daily   position   of   (a)   assets   held   for   the   purpose of compliance with SLR, (b) excess cash balances maintained by them with RBI in the prescribed format, and (c) mode of valuation of securities.

 

32.  Form I

 

(i)      All Co-operative Banks (scheduled and non-scheduled), are required to submit a Return in Form I (as detailed in Annex 4) under Section 24 of the BR Act, 1949 (AACS) every month showing the position of liquid assets maintained under the said Section as at the close of business on each alternate Friday during the month not later than twenty days after the end of the month to which it relates.

 

[Note: In respect of Non-Scheduled UCBs, Return in Form I is common for reporting cash reserves and statutory liquid assets.]

 

(ii)        All Primary Co-operative Banks (scheduled and non-scheduled) are required to furnish Appendix II, as per proforma given in Annex 7, together with the Return in Form I showing the position of -

(a)   statutory liquid assets required to be maintained under Section 24 of the BR Act,1949 (AACS).

(b)  liquid assets actually maintained, and

(c)  the extent of deficit/surplus for each day of the month.

 

(iii)      All Primary Co-operative Banks (scheduled and non-scheduled) should furnish the information w.r.t. valuation of securities for SLR, format for which is given in Annex 6. Information in the format may be furnished as an Annex, to return in Form I, only to the Regional Office concerned of Department of Supervision. The monthly Return should contain information of the fortnights following in the respective months.

 

33.   Correctness of computation of NDTL to be certified by Statutory Auditors

 

The Statutory Auditors shall verify and certify that all items of outside liabilities, as per the bank’s books had been duly compiled by the bank and correctly reflected under NDTL in the fortnightly/monthly statutory returns submitted to Reserve Bank for the financial year.

 

34.  Register for daily position of liquidity

(i) All co-operative banks shall maintain a register, as per format given in Annex VIII, showing the daily position of cash reserve and liquid assets maintained under Sections 18 and 24 of the Banking regulation Act, 1949 read with Section 56 thereof which shall be put up daily to Chief Executive Officer, who is responsible for ensuring compliance with the statutory liquidity requirements at the close of business every day.

 

CHAPTER – VIII PENALTIES

 

Penalties for default in CRR Maintenance

35.    Every bank is liable to pay to the Reserve Bank, penal interest as mentioned below, if the daily balance of cash reserve (CRR) held by the bank during any fortnight is below the minimum prescribed by or under these Directions.

 

(i)                              Penal interest shall be recovered from scheduled Commercial banks (including Regional Rural Banks), Small Finance Banks, Payments Banks, all Scheduled Primary (Urban) Co-operative Banks and all Scheduled State Co-operative Banks in the event of shortfall in maintenance of prescribed CRR on a daily basis for that day at the rate of three per cent per annum above the Bank Rate on the amount by which the amount actually maintained falls short of the prescribed minimum on that day and if the shortfall continues on the next succeeding day/s, penal interest shall be recovered at the rate of five per cent per annum above the Bank Rate.

 

(ii)                            In cases of shortfall in maintenance of CRR on average basis during a fortnight,  penal interest  will be recovered as  envisaged in  sub-section

(3) of Section 42 of Reserve Bank of India Act, 1934.

 

(iii)                          In the case of a co-operative bank, not being a scheduled co-operative bank, the bank shall be liable to pay to the Reserve Bank, penal interest as envisaged in sub-section (1-A) of Section 18 read with Section 56 of the B.R. Act, 1949, if the daily balance of CRR maintained by the bank falls below the prescribed minimum CRR.

 

(iv)                        In case of Local Area Banks, the banks shall be liable to pay to the Reserve Bank, penal interest as envisaged in sub-section (1A) Section 18 of B.R. Act, 1949, if the daily balance of CRR maintained by the banks fall below the prescribed minimum CRR.

36.    Banks are required to furnish the particulars such as date, amount, percentage, reason for default in maintenance of requisite CRR  and also action taken to avoid recurrence of such default.

 

37.  Under the provisions of Section 42(3A) of the RBI Act, 1934, penal interest at the increased rate of five per cent above the Bank Rate become payable and if the default still continues during the next succeeding fortnight,

 

(i)        Every Director, Manager or Secretary of the scheduled bank/ Small Finance Bank/ Payment Bank who is knowingly and willfully a party to the default, shall be punishable with fine which may extend to five hundred Rupees and with a further fine which may extend to five hundred Rupees for each subsequent fortnight during which default continues.

(ii)       The Reserve Bank may prohibit a scheduled bank/ Small Finance Bank/ Payments Bank from receiving any fresh deposit after the said fortnight,

 

and if default is made by the bank in complying with the prohibition referred to in this clause, every director and officer of the bank who is knowingly and willfully a party to such default or who through negligence or otherwise contributes to such default shall in respect of each such default be punishable with fine which may extend to five hundred rupees and with a further fine which may extend to five hundred rupees for each day after the first, on which a deposit received in contravention of such prohibition is retained by the scheduled bank.

 

38.  Failure to submit the Return/late submission of the Return shall attract the provisions of Section 42(4) of RBI Act, 1934 and banks are liable for imposition of penalties as indicated therein.

 

In case of non-scheduled co-operative banks, failure to submit the prescribed statutory returns in time under Section 18 and 24 of the Banking Regulation Act, 1949 read with Section 56 thereof, attracts the provisions of Section 46(4) of the Banking Regulation Act, 1949 (AACS), and the banks are liable to imposition of penalties as indicated therein.

39.  Penalties for default in SLR Maintenance

a)   On the failure of the bank to maintain as on any day, the amount of SLR required to be maintained by a bank, the bank shall be liable to pay to the Reserve Bank in respect of that default, the penal interest as envisaged under Section 24 read with Section 56 of the BR Act, 1949.

 

b)   Failure to submit the prescribed return in time will attract the provisions of Section 46(4) of the Act ibid.

 

c)     Where it is observed that banks are persistently defaulting despite instructions and repeated advice, the Reserve Bank in addition to levy of penalty on such defaulting banks, may be constrained to consider cancelling the licence in case of licensed banks and refuse licence in case of unlicensed banks under Section 22 of the Act, ibid. The banks should, therefore, in their own interest ensure maintenance of statutory liquidity ratio at prescribed rates and be very prompt in submission of required Return to Regional Office concerned of Reserve Bank.

 

 

CHAPTER – IX

 

REPEAL AND OTHER PROVISIONS

 

40.  With the issue of these directions, the instructions/ guidelines contained in the following circulars (to the extent of applicability to the banks) issued by the Reserve Bank stand repealed.

 

Sr No

Circular No/ Mail Box Clarification

Date

Subject

1

DBOD.No.Ret.BC 149/C 236(G)-71

December 27, 1971

Other Demand & Time Liabilities (ODTL)

2

CPC.BC.69/279 (A)-84

October 30,

1984

Data on maintenance of SLR -Supplemental information to the Special Return

3

DBOD.No.Leg.BC.34/C.23 3A-85

March 23,

1985

Demand Liabilities, Time Liabilities, ODTL

4

DBOD.No.Ret.BC.40/C.23 6(G)Spl-86

March 27,

1986

Amount received from DICGC

5

DBOD.No.Ret.BC.98/C.96 (Ret)-86

September 12, 1986

Exclusion from NDTL - Receipt from ECGC, Insurance Company and Court Receiver

6

DBOD.No.BC.58/12.02.00 1/94-95

May 13,

1995

Margin money on bills discounted/purchased

7

DBOD.No.BC.111/12.02.0 01/97

October 13,

1997

Borrowings from banks abroad-Maintenance of reserve requirement

8

DBOD.BC.89/12.01.001/9 8-99

August 24,

1998

Return in Form 'A'

9

DBOD.No.IBS.BC.18/23.6 7.001/97-98

March 04,

1998

Import of Gold/Silver

10

DBOD.No.IBS.BC.1929/23

.67.001/97-98

March 14,

1998

Import of Gold

11

DBOD.No.IBS.BC.72/23.6 7.001/99-2000

July 21,

1999

Maintenance of CRR and SLR on Liabilities under Gold Borrowed from Abroad and Lent to

Jewellery Exporters in India for  the purpose of Exports

 

 

12

DBOD.No.IBS.BC.73/23.6 7.001/99-2000

July 21,

1999

Notification

13

DBOD.No.IBS.BC.67/23.6 7.001/2000-01

January 11,

2001

Gold  Loans  -  Notional   Rate   for Conversion for Reserve  Requirement Purpose

14

DBOD.No.BC.50/12.01.00 1/2000-01

November 07, 2000

Collection      of      Data      from       Scheduled Commercial Banks in Annex A and B

15

DBOD.No.BC.82/12.01.00 1/2001-2002

March 26,

2002

Maintenance of CRR-ACU Dollar Funds- Exemption of

16

DBOD.No.BC.87/12.02.00 1/2001-2002

April 10,

2002

Valuation of Securities for the purpose  of SLR

17

DBOD.IBS.BC.88/23.13.0 04/2002-03

March 27,

2003

Offshore Banking Units (OBUs) in Special Economic Zones (SEZs)

18

RPCD.PLFS.BC.No.2/05.0 2.02 (RG)/2003-04

July 03,

2003

Capital Investment Subsidy Scheme for Construction/Renovation/Expansion of Rural Godowns

19

DBOD.No.Ret.BC.14/12.0 1.001/2003-04

August 21,

2003

Arrangements with correspondent banks for remittance facilities

20

DBOD.BP.BC.57/21.01.00 2/2005-2006

January 25,

2006

Enhancement   of    Banks’     Capital    Raising Options for Capital Adequacy Purposes

21

RPCD.SP.BC.No.06/09.01

.01/2006-07

July 07,

2006

Swarna Jayanti Swarozgar Yojana

22

RBI/2006-2007/106

August 08,

2006

Section 42 (1) of the RBI Act, 1934

23

DBOD.No.Ret.BC.82/12.0 1.001/2006-07

April 20,

2007

Maintenance of Cash Reserve Ratio (CRR)

24

DBOD.No.Ret.BC.36/12.0 2.001/2009-10

September 01, 2009

Maintenance of SLR

25

DBOD.No.Ret.BC.57/12.0 1.001/2009-10

November 05, 2009

Maintenance of CRR on exempted categories

26

Mail Box Clarification

November 30, 2010

Apportionment of Savings Bank Deposits into Demand and Time Portions

27

DBOD.No.Ret.BC.91/12.0

May 09,

Maintenance of SLR

 

 

 

2.001/2010-11

2011

 

28

DBOD.NO.Ret.BC.113/12. 01.001/2011-12

June 29,

2012

Section 42 of the RBI Act, 1934-Maintenance of CRR on Foreign Currency (Non-Resident) [FCNR (B)] Scheme

29

Mail Box Clarification

August 17,

2012

Maintenance of CRR on FCNR (B) Scheme

30

DBOD.No.Ret.BC.76/12.0 1.001/2012-13

January 29,

2013

Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio

31

Mail Box Clarification

April 25,

2013

Inclusion of Accrued Interest in the NDTL for maintenance of CRR/SLR

32

DBOD.No.Ret.BC.33/12.0 2.001/2013-14

July 17,

2013

Section 24 of the Banking Regulation Act, 1949 - Maintenance of  SLR-Marginal Standing Facility (MSF)

33

DBOD.No.Ret.BC.55/12.0 1.001/2013-14

September 20, 2013

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

34

DBOD.No.Ret.BC.93/12.0 1.001/2013-14

January 31,

2014

Section 42(1) of RBI Act, 1934 and     Section

24 of the BR Act, 1949 – FCNR(B)/NRE Deposits – Exemption from maintenance of CRR/SLR and exclusion from ANBC for Priority Sector Lending

35

DBOD.BP.BC.No.25/08.12

.014/2014-15

July 15,

2014

Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing

36

DBR.BP.BC.No.52/21.04. 098/2014-15

November 28, 2014

Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR),  Liquidity Risk Monitoring Tools and LCR Disclosure Standards

37

DBR.Ret.BC.70/12.02.001

/2014-15

February 03, 2015

Section 24 of the Banking Regulation Act, 1949 - Maintenance of SLR

38

DBR.No.Ret.BC.64/12.01. 001/2015-16

December 10, 2015

Section 24 and Section 56 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR).

 

(UBD/DCBR circulars)

 

Sr No

Circular No

Date

Subject

1

ACD.BR.474/A.12(2 4)/67-8

September 27, 1967

Section 24 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Maintenance of Liquid Assets

2

ACD.BR.464/A.12(2 4)/68-9

November 12, 1968

Section 24 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Maintenance of Percentage of Assets

3

ACD.BR.1196/B-1- 68/9

April 12,

1969

The Banking Regulation (Co-operative Societies) Rules, 1966

4

ACD.BR.1005/B.1/7 0-71

April 02,

1971

The Banking Regulation (Co-operative Societies) Rules, 1966

5

ACD.BRL.612/C/71- 2

January 24,

1972

Register showing the Daily Position of Cash Reserves and Liquid Assets Maintained under Sections 18 and 24 of the  Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Primary Co-operative Bank

6

ACD.BR.277/B.1- 74-5

September 30, 1974

The Banking Regulation (Co-operative Societies) Rules, 1966 - Amendment to Rules 5 and 9 and Change in the Forms I and VII of the Returns Prescribed thereunder

7

UBD.BR.498/A.12(2 4) -84/85

January 08,

1985

Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Section 24 - Investment in Government and Other Trustee Securities by Primary Co-operative Banks

8

UBD.BR.871/A.12(2 4)-84/85

May 10, 1985

Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Section 24 - Investment made under National Deposit Scheme

9

UBD.No.BR.1455/A 12(24)-85/86

May 31, 1986

Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Section 24 - Investment in Units Issued by the Unit Trust of India

10

UBD.No.BR.35/A12 (24)-86/87

October 18,

1986

Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Sections 18 & 24 - Computation of Demand and Time Liabilities (DTL)

11

UBD.(SUB)BR.12/1 6.26.00/97-98

June 20,

1988

Maintenance of Cash Reserve Ratio (CRR) under Section 42 of the Reserve Bank of India Act, 1934 and Statutory Liquidity Ratio (SLR) under section 24 of the Banking Regulation Act, 1949 (AACS)

12

UBD.No.BR.229/A- 9-88/89

September 09, 1988

Inclusion of Select Primary Urban Co-operative Banks in the Second Schedule to the Reserve Bank of India Act 1934

13

UBD.RBL.315/I- 88/89

October 10,

1988

Submission of Fortnightly Returns by Scheduled Primary Co-operative Banks under Section 42(2) of the Reserve Bank of India Act, 1934

 

 

14

UBD.No.RBL.835/I. 88/89

March 27,

1989

Grant of Scheduled Status to Urban Co-operative Banks - Computation of Cash Reserve and Liquid Assets as well as Submission of various Statutory Returns

15

UBD.BR.50/A.12(24

)-89/90

January 18,

1990

Section 24 of the Banking Regulation Act, 1949 - Eligible Securities for the Purpose of Statutory Liquidity Ratio - Kisan Vikas Patras and Fixed Deposits with Sardar Saroval Narmada  Nigam Ltd.

16

UBD.BR.19/A.6- 89/90

March 10,

1990

Netting Concept for Reserve Requirements - Dealings with Discount and Finance House of India Ltd. (DFHI)

17

UBD.No.BR.103/A- 9-90/91

August 22,

1990

Notification

18

UBD.No.BR.194/A.9

-90/91

August 28,

1990

Maintenance of Minimum Average Balance under Section 42(1) of Reserve Bank of India Act, 1934

19

UBD.No.BR.107/A.9

-90/91

December 24, 1990

Notification

20

UBD.BR.400/A.9- 90-91

December 24, 1990

Maintenance of Minimum Average Balance under Section 42(1) of Reserve Bank of India Act, 1934

21

UBD.BR.581/A.9- 90/91

March 04,

1991

The Reserve Bank of India Scheduled Banks' Regulations, 1951 - Classification of Deposits Accepted under the Home Loan  Accounts Scheme of the National Housing Bank in Form 'B'

22

UBD.No.BR.762/A- 9/90-91

May 29, 1991

Section 42 of the Reserve Bank of India Act, 1934

- Maintenance of Cash Reserve Ratio (CRR)

23

UBD.BR.349/A.9- 91/92

November 08, 1991

Section 42 of the Reserve Bank of India Act, 1934

- Maintenance of Cash Reserve Ratio (CRR)

24

UBD.No.BR.773/A.9

-91/92

May 05, 1992

Section 42 of the Reserve Bank of India Act, 1934

- Maintenance of Cash Reserve Ratio (CRR)

25

UBD.No.RBL.125/i/ 91-92

June 03,

1992

Scheduled Primary Co-operative Banks - Clarifications on Returns under Section 42(1) of the Reserve Bank of India Act, 1934

26

UBD.No.BR.86/A.9/ 92/93

October 09,

1992

Section 42 of the Reserve Bank of India Act, 1934

- Maintenance of Cash Reserve Ratio (CRR)

27

UBD.No.BR.72/A.12 (24)/92/93

May 12, 1993

Maintenance of Cash Reserve and Statutory Liquid Assets under Sections 18 and 24 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section  42 of the Reserve Bank of India Act, 1934 - Levy of Penal Interest for Default

28

UBD.No.BR.48, 49/16.11.00/93-94

July 14, 1993

Section 42(1) of the Reserve Bank of India Act, 1934 - Returns in Form 'B' - Exempted Categories of Deposits from Maintenance of Reserve Requirements

29

UBD.No.155/16.26. 00/93-94

January 25,

1994

Section 18 & 24 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Penalty

 

 

30

UBD.No.Cir.(SUC)N o.158/16.26.00/93- 94

February 08,

1994

Maintenance of Liquid Assets under Section 24 of the Banking Regulation Act (As Applicable to Co- operative Societies) - Submission of  Daily Position along with Return in Form I

31

UBD.Cir (PCB)No.53/16.26.0 0/93-94

February 08,

1994

Maintenance of Cash Reserve and Statutory Liquid Assets under Sections 18 and 24 respectively of Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Submission of Daily Position along with  the Return in Form I

32

UBD.BR.44/16.26.0 0/94-95

July 22, 1994

Maintenance    of     Cash    Reserve    Ratio    and Statutory Liquidity Ratio

33

UBD.No.BR.2/16.26

.00/94-95

November 24, 1994

Auction of Government Stock 2002, for which the Payment is made in Instalments

34

UBD.BR.3/16.26.4/9 4-95

December 13, 1994

Cash Balances Required to be Maintained by Scheduled Primary Co-operative Banks

35

UBD.BR.379/16.11. 00/94-95

December 13, 1994

Section 42(1) of the RBI Act, 1934 - Returns in Form 'B' - Exempted Categories of Deposits from Maintenance of Reserve Requirements

36

UBD.No.BR.122/16. 11.00/94-95

December 13, 1994

Notification

37

UBD.No.BR.35/16.0 4.00/94-95

December 31, 1994

Netting Concept for Reserve Requirements - Dealings with Securities Trading Corporation of India Limited (STCI)

38

UBD.No.CO.(Br).SU B.5/16.26.00/94-95

March 28,

1995

Cash Balances Required to be Maintained by Scheduled Primary Co-operative Banks

39

UBD.No.Cir.63/16.2 6.00/94-95

June 16,

1995

Banking Regulation Act, 1949 (As applicable to Co-operative Societies) - Section 24 - Investment in Government and Other Approved Securities by Primary Co-operative Banks

40

UBD.No.CO(BR)3/1 6.05.00/95-96

September 29, 1995

Section 42 of the Reserve Bank of India Act, 1934

- Cash Reserve Ratio (CRR) - Maintenance of Minimum Level of 85 percent on a Daily Basis

41

UBD.No.BR.AD.1/1 6.11.00/95-96

November 02, 1995

Cash Reserve Ratio (CRR) on Non-resident (Non-Repatriable) Rupee Deposit (NRNR) Scheme

42

UBD.No.BR.SUB.2/ 16.11.00/95-96

November 02, 1995

Cash Reserve Ratio on Deposits under Non- Resident (External) Rupee Accounts (NRE Accounts)

43

UBD.No.BR/130/16. 11.00/95-96

November 02, 1995

Notification

44

UBD.No.BR.131/16. 11.00/95-96

November 02, 1995

Notification

45

UBD.No.BR/AD/2/1 6.11.00/95-96

November 11, 1995

Cash Reserve Ratio on Foreign Currency (Non- Resident) Accounts (Banks) Scheme

 

 

46

UBD.No.BR.132/16. 11.00/95-

96

November 11, 1995

Notification

47

UBD.No.BR.AD- 4/16.11.00/95-96

December 06, 1995

Cash Reserve Ratio on Foreign Currency Non- Resident Accounts (Banks) FCNR(B) Scheme

48

UBD.No.BR.134/16. 11.00/95-96

December 06, 1995

Notification

49

UBD.No.BR.Cir.33/ 16.26.00/95-96

January 03,

1996

Banking Regulation Act, 1949 (As applicable to Co-operative Societies) Section 24  - Investment in Government and Other Approved Securities by Primary Co-operative Banks

50

UBD.No.BR.AD- 5/16.11.00/95-96

January 03,

1996

Cash Reserve Ratio (CRR) on Non-resident (Non-Repatriable) Rupee Deposit (NRNR) Scheme and on Foreign Currency Non-Resident Accounts (Banks) FCNR(B) Scheme

51

UBD.No.BR.137/16. 11.00/95-96

January 06,

1996

Notification

52

UBD.No.BR.136/16. 11.00/95-96

January 06,

1996

Notification

53

UBD.No.BR.SUB.5/ 16.11.00/95-96

April 03,

1996

Cash Reserve Ratio on Deposits under Non- Resident (External) Rupee Accounts (NRE Accounts)

54

UBD.No.BR.139/16. 11.00/95-96

April 03,

1996

Notification

55

UBD.No.BR.70/16.0 4.00/95-96

June 29,

1996

Netting Concept for Reserve Requirements - Dealings with Primary Dealers

56

UBD.No.BR.AD/18/ 16.11.00/96-97

April 15,

1997

Section 42 (1A) of the Reserve Bank of India Act, 1934 - Cash Reserve Ratio (CRR) on Foreign Currency Non-Resident Accounts (Banks) [(FCNR)(B)] Scheme, Non-Resident (Non- Repatriable) Rupee Deposit (NRNR) Scheme and Non-Resident (External) Rupee Accounts (NRE Accounts) Scheme

57

UBD.No.BR/142/16. 11.00/96-97

April 15,

1997

Notification

58

UBD.No.BR.PCB.CI R.53/16.11.00/96- 97

April 15,

1997

Penal Rate of Interest on the Shortfalls in the Maintenance of CRR/SLR

59

UBD.No.BR.SUB.12

/16.11.00/96-97

April 15,

1997

Section 42(1) of the Reserve Bank of India Act, 1934 - Change of Cash Reserve Ratio on Liabilities to the Banking System

60

UBD.BR.No.145/16. 11.00/96-97

April 15,

1997

Notification

61

UBD.No.BR.SUB.10

/16.11.00/96-97

April 15,

1997

Section 42 (1A) of the Reserve Bank of India Act, 1934 - Cash Reserve Ratio (CRR) on Non- Resident (External) Rupee Accounts (NRE Accounts) Scheme

 

 

62

UBD.No.BR/143/16. 11.00/96-97

April 15,

1997

Notification

63

UBD.No.BR.16/16.0 4.00/97-98

November 06, 1997

Section 42 of the Reserve Bank of India Act, 1934

- Maintenance of Cash Reserve Ratio (CRR)

64

UBD.No.BR.PCB.CI R.17/16.11.00/97- 98

November 06, 1997

Penal Rate of Interest on the Shortfalls in the Maintenance of CRR / SLR

65

UBD.No.BR.SUB.18

/16.11.00/97-98

December 02, 1997

Section 42(1A) of the Reserve Bank of India Act, 1934 - Cash Reserve Ratio (CRR) on Non- Resident (External) Rupee Accounts (NRE) Accounts Scheme

66

UBD.No.BR.147/16. 11.00/97-98

December 02, 1997

Notification

67

UBD.No.BR.AD.4/1 6.11.00/97-98

December 02, 1997

Section 42(A) of the Reserve Bank of India Act, 1934 - Cash Reserve Ratio (CRR) on Foreign Currency Non-Resident Accounts (Banks) [FCNR(B)] Scheme, Non-Resident (Non- Repatriable) Rupee Deposits (NRNR) Scheme and Non-Resident (External) Rupee Accounts (NRE Accounts) Scheme

68

UBD.BR.146/16.11. 00/97-98

December 02, 1997

Notification

69

UBD.No.BR.PCB.CI R.36/16.11.00/97- 98

January 16,

1998

Penal Rate of Interest on the Shortfall in the Maintenance of CRR/SLR

70

UBD.No.44/16.24.0 0/97-98

March 18,

1998

Penal Rate of Interest on the Shortfall in the Maintenance of CRR/SLR

71

UBD.No.BR.PCB.CI R.51/16.26.00/97- 98

April 11,

1998

Penal Rate of Interest on the Shortfall in the Maintenance of CRR/SLR

72

UBD.No.BR.PCB.CI R.52/16.26.00/97- 98

April 29,

1998

Penal Rate of Interest on the Shortfall in the Maintenance of CRR/SLR

73

UBD.No.(Cir)BR.60/ 16.26.00/97-98

May 25, 1998

Sections 18 and 24 of the B.R. Act, 1949 (AACS)

- Maintenance of Cash Reserve Ratio and Statutory Liquidity Ratio and Submission of Return in Form I

74

UBD.No.BR.PCB.CI R.21/16.26.00/98- 99

March 01,

1999

Penal Rate of Interest on the Shortfall in the Maintenance of CRR/SLR

75

UBD.No.BSD- I.28/12.05.01/98-99

April 23,

1999

Inter-branch Accounts - Old Outstandings Credit Entries

76

UBD.No.BR.13A/16. 11.00/99-2000

October 29,

1999

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

77

UBD.No.BR.4/16.11

.00/99-2000

October 29,

1999

Notification

78

UBD.No.3/16.11.00 0/99-2000

October 29,

1999

Notification

 

 

79

UBD.No.CO.BR.6/1 6.26.00/99-2000

April 27,

2000

Cash balances required to be maintained by Scheduled Primary (urban) Co-operative Banks

80

UBD.No.BR.Cir/42/ 16.26.00/2000-01

April 19,

2001

Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Section 24 - Investment in Government and other Approved Securities by Urban Co-operative Banks (UCBs)

81

UBD.No.UBD.CO.B R.06/16.04.00/2000

-2001

April 19,

2001

Section 42 (1) of the Reserve Bank of India Act, 1934 - Maintenance of Cash Reserve Ratio

82

UBD.No.BR.6/16.26

-00/2000-2001

August 09,

2001

Banking Regulation Act, 1949(AACS) Section 24 - Investment in Government and Other approved securities by Urban Co-operative Banks (UCBs)

83

UBD.BR.CIR.6/16.1 1.00/2001-02

October 22,

2001

Section 42(l) of Reserve Bank of India Act, 1934 - Maintenance of Cash Reserve Ratio (CRR) by Scheduled Primary (Urban) Co-operative Banks

84

UBD.BR.Cir.19/16.2 6.00/2001-02

October 22,

2001

Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) Section 24 - Investment in Government and other approved securities by Urban Co-operative Banks (UCBs)

85

UBD.BR.CIR.11/16. 11.00/2001-02

April 29,

2002

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

- Maintenance of Cash Reserve Ratio (CRR) by Scheduled Primary (Urban) Co-operative Banks

86

UBD.BR.17/16.11.0 0/2001-02

April 29,

2002

Notification

87

UBD.No.BR.Cir.12/ 16.11.00/2001-02

May 20, 2002

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

- Maintenance of Cash Reserve Ratio (CRR) by Scheduled Primary (Urban) Co-operative Banks

88

UBD.No.BR.18/16.1 1.00/2001/02

May 20, 2002

Notification

89

UBD.No.BR.7/16.11

.00/2002-03

December 12, 2002

Section 42 of the RBI Act, 1934 - Payment of Interest on Eligible CRR Balances on Monthly Basis

90

UBD.No.BP.Cir.10/1 6.11.00/2002-03

April 29,

2003

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

- Maintenance of Cash Reserve Ratio (CRR) by Scheduled Primary (Urban) Co-operative Banks

91

UBD.No.BP.23/16.1 1.00.2002-03

April 29,

2003

Notification

92

UBD(PCB).Cir.No.3 1/16.26.00/2005-

06

February 17,

2006

Banking Regulation Act 1949 (AACS) - Investments in Government and Other Approved Securities by UCBs - Exemption under Section 24A

93

UBD.(PCB)Cir.No.5 9/16.26.000/2005-

2006

June 22,

2006

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

- Maintenance of CRR

94

UBD.(PCB)No.1327 5/16.26.000//2005-

2006

June 22,

2006

Notification

 

 

95

UBD.PCB.Cir.No.60

/16.26.000/2005- 2006

June 22,

2006

Maintenance of CRR on Exempted Categories

96

UBD (PCB) No.13276/16.26.000

/2005-2006

June 22,

2006

Notification

97

UBD.(PCB-

)Cir.No.6/16.26.000/ 2006-2007

August 16,

2006

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

- Maintenance of CRR

98

UBD(PCB)Cir.No.22

/16.26.000/2006- 2007

December 11, 2006

Section 42(1) of Reserve Bank of India Act, 1934- Maintenance of CRR

99

UBD (PCB) No.22/16.26.000/20 06-2007

December 11, 2006

NOTIFICATION on CRR

100

UBD(PCB)No.2/12. 03.000/2006-07

February 14,

2007

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

- Maintenance of CRR

101

UBD(PCB) No.2/12.03.000/200 6-07

February 14,

2007

NOTIFICATION on CRR

102

UBD(PCB)Cir.No.4/ 12.03.000/2006-07

March 01,

2007

Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories

103

UBD(PCB)No/4/12. 03.000/2006-07

March 01,

2007

NOTIFICATION on Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories

104

UBD(PCB).No./3/12

.03.000/2006-07

March 01,

2007

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

- Maintenance of Cash Reserve Ratio (CRR)

105

UBD(PCB).No.3/12. 03.000/2006-07

March 01,

2007

NOTIFICATION on Maintenance of Cash Reserve Ratio (CRR)

106

UBD(PCB).No./5/12

.03.000/2006-07

April 05,

2007

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

- Maintenance of Cash Reserve Ratio (CRR)

107

UBD(PCB)No./5/12. 03.000/2006-07

April 05,

2007

NOTIFICATION on Maintenance of Cash Reserve Ratio (CRR)

108

UBD.(PCB).Cir.No./ 6/12.03.000/2006-

07

April 25,

2007

Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories

109

UBD(PCB).No./7/12

.03.000/2006-07

April 25,

2007

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

- Maintenance of Cash Reserve Ratio (CRR)

110

UBD(PCB).No.9/12. 03.000/2007-08

July 31, 2007

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

- Maintenance of Cash Reserve Ratio (CRR)

111

UBD (PCB) No. 9/12.03.000/2007-

08

July 31, 2007

NOTIFICATION on Maintenance of Cash Reserve Ratio (CRR)

 

 

112

UBD(PCB).No./3/12

.03.000/2007-08

November 11, 2007

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

- Maintenance of Cash Reserve Ratio (CRR)

113

UBD(PCB) No./10/12.03.000/20 07-08

November 11, 2007

NOTIFICATION on Maintenance of Cash Reserve Ratio (CRR)

114

UBD(PCB).No./4/12

.03.000/2007-08

April 22,

2008

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

- Maintenance of Cash Reserve Ratio (CRR)

115

UBD(PCB)No/11/12

.03.000/2007-08

April 22,

2008

NOTIFICATION on Maintenance of Cash Reserve Ratio (CRR)

116

UBD(PCB).No./5/12

.03.000/2007-08

April 30,

2008

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

- Maintenance of Cash Reserve Ratio (CRR)

117

UBD(PCB)No/12/12

.03.000/2007-08

April 30,

2008

NOTIFICATION on Maintenance of Cash Reserve Ratio (CRR)

118

UBD(PCB).No./6/12

.03.000/2007-08

June 26,

2008

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

- Maintenance of Cash Reserve Ratio (CRR)

119

UBD(PCB)No/13/12

.03.000/2007-08

June 26,

2008

NOTIFICATION on Maintenance of Cash Reserve Ratio (CRR)

120

UBD.BPD(PCB)Cir. No.3/12.05.001/200 8-09

July 11, 2008

Balances held by UCBs with IDBI Bank Limited - Treatment for CRR / SLR Purpose

121

UBD(PCB).No./1/12

.03.000/2008-09 

July 31, 2008

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

- Maintenance of Cash Reserve Ratio (CRR)

122

UBD(PCB)No/1/12. 03.000/2008-09

July 31, 2008

NOTIFICATION on Maintenance of Cash Reserve Ratio (CRR)

123

UBD.CO.BPD.(PCB

).No.20/12.05.001/2 008-09

September 30, 2008

Treatment of Deposits with DCCB / SCB as SLR

124

UBD(PCB).No./4/12

.03.000/2008-09

October 07,

2008

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

- Maintenance of Cash Reserve Ratio (CRR)

125

UBD(PCB)No/2/12. 03.000/2008-09

October 07,

2008

NOTIFICATION on Maintenance of Cash Reserve Ratio (CRR)

126

UBD(PCB).No./5/12

.03.000/2008-09

October 10,

2008

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

- Maintenance of Cash Reserve Ratio (CRR)

127

UBD(PCB)No/3/12. 03.000/2008-09

October 10,

2008

NOTIFICATION on Maintenance of Cash Reserve Ratio (CRR)

128

UBD.(PCB).No./7/1 2.03.000/2008-09

October 16,

2008

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

- Maintenance of Cash Reserve Ratio (CRR)

129

UBD(PCB)No/6/12. 03.000/2008-09

October 16,

2008

NOTIFICATION on Maintenance of Cash Reserve Ratio (CRR)

130

UBD(PCB)CO.BPD. Cir.No.28/16.26.00/ 2008-09

November 26, 2008

Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) Section 24 - Investment in Government and Other approved Securities by Urban Co-operative Banks (UCBs)

 

 

131

UBD.PCB.10/16.26. 000/2008-2009

November 26, 2008

Notification on Banking Regulation Act 1949 (AACS) - Investments in Government and Other Approved Securities by UCBs - Exemption under Section 24A

132

UBD.(PCB).No./9/1 2.03.000/2008-09

January 05,

2009

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

- Maintenance of Cash Reserve Ratio (CRR)

133

UBD.(PCB).No/12/1 2.03.000/2008-09

January 05,

2009

NOTIFICATION on Maintenance of Cash Reserve Ratio (CRR)

134

UBD.(PCB).Cir.No.3 7/16.26.000/2008-

09

January 21,

2009

Banking Regulation Act 1949 (AACS) - Investments in Government and Other Approved Securities by UCBs - Exemption under Section 24A

135

UBD.BPD.(PCB).Cir

.No.41/12.05.001/20 08-09

January 29,

2009

Balances held by UCBs with IDBI Bank Limited - Treatment for CRR / SLR Purpose

136

UBD.(PCB).Cir.No.1

/12.03.003/2009-10

November 09, 2009

Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories

137

UBD.(PCB).No/1/12

.03.000/2009-10

February 01,

2010

UCBs - Section 42(1) of Reserve Bank of India Act, 1934 - Maintenance of Cash Reserve Ratio (CRR)

138

UBD.(PCB).No./2/1 2.03.000/2009-10

February 01,

2010

Notification on Maintenance of Cash Reserve Ratio (CRR)

139

UBD.(PCB).No./3/1 2.03.000/2009-10

April 21,

2010

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

- Maintenance of Cash Reserve Ratio (CRR)

140

UBD.(PCB).No./2/1 2.03.000/2009-10

April 21,

2010

Notification on Maintenance of Cash Reserve Ratio (CRR)

141

UBD.BPD.(PCB).CI R.No.2/12.03.000/2 011-12

January 25,

2012

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

- Maintenance of Cash Reserve Ratio (CRR)

142

UBD.BPD.(PCB).DI R.No.6/12.03.000/2 011-12

January 25,

2012

Notification on Maintenance of Cash Reserve Ratio (CRR)

143

UBD.BPD.(SCB).Cir

.No.3/12.03.000/201 1-12

March 09,

2012

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

- Maintenance of Cash Reserve Ratio (CRR)

144

UBD.BPD.(SCB). DIR.No.7/12.03.000

/2011-12

March 09,

2012

Notification on Maintenance of Cash Reserve Ratio (CRR)

145

UBD.BPD.(SCB).CI R.No.1/12.03.000/2 012-13

September 17, 2012

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

- Maintenance of Cash Reserve Ratio (CRR)

146

UBD.BPD.(SCB).DI R.No.2/12.03.000/2 012-13

September 17, 2012

Notification on Maintenance of Cash Reserve Ratio (CRR)

147

UBD.BPD.(SCB).CI R.No.2/12.03.000/2 012-13

October 30,

2012

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

- Maintenance of Cash Reserve Ratio (CRR)

148

UBD.BPD.(SCB).No

.3/12.03.000/2012-

October 30,

2012

Notification on Maintenance of Cash Reserve Ratio (CRR)

 

 

 

13

 

 

149

UBD.BPD.(SCB).CI R.No.3/12.03.000/2 012-13

January 30,

2013

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

- Maintenance of Cash Reserve Ratio (CRR)

150

UBD.BPD.(SCB).No

.4/12.03.000/2012- 13

January 30,

2013

Notification on Maintenance of Cash Reserve Ratio (CRR)

151

UBD.BPD.(SCB).CI R.No.1/12.03.000/2 013-14

July 24, 2013

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

152

UBD.BPD.(PCB).CI R.No.5/13.01.000/2 013-14

August 27,

2013

Section 42(1) of the Reserve Bank of India Act, 1934 and Section 18 and 24 of the Banking Regulation Act, 1949 (AACS) - FCNR (B) / NRE Deposits - Exemption from Maintenance of CRR / SLR and Exclusion from ABC for Priority Sector Lending

153

UBD.BPD.(SCB).CI R.No.2/12.03.000/2 013-14

September 20, 2013

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

- Change in Daily Minimum Cash Reserve Maintenance Requirement

154

UBD.BPD.(PCB).Cir

.No.68/16.26.000/20 13-14

June 05,

2014

The Banking Laws (Amendment) Act 2012 - Amendments to Section 18 & 24 of Banking Regulation (B.R.) Act, 1949 (AACS) - Maintenance of Cash Reserve Ratio (CRR) for Non-Scheduled UCBs and Statutory Liquidity Ratio (SLR) for UCBs

155

UBD.BPD.(PCB).No t.No.1/16.26.000/20 13-14

June 05,

2014

Notification on The Banking Laws (Amendment) Act 2012 - Amendments to Section 18 & 24 of Banking Regulation (B.R.) Act, 1949 (AACS) - Maintenance of Cash Reserve Ratio (CRR) for Non-Scheduled UCBs and Statutory Liquidity Ratio (SLR) for UCBs

156

UBD.BPD.(PCB).No t.No.2/16.26.000/20 13-14

June 05,

2014

Notification on The Banking Laws (Amendment) Act 2012 - Amendments to Section 18 & 24 of Banking Regulation (B.R.) Act, 1949 (AACS) - Maintenance of Cash Reserve Ratio (CRR) for Non-Scheduled UCBs and Statutory Liquidity Ratio (SLR) for UCBs

157

UBD.BPD.(PCB).Cir

.No.72/13.01.000/20 13-14

June 11,

2014

Section 42(1) of the Reserve Bank of India Act, 1934 and Section 18 & 24 of the Banking Regulation Act, 1949 (AACS) - FCNR (B) / NRE Deposits - Exemption from Maintenance of CRR / SLR and Exclusion from ABC for Priority Sector Lending

 

(RPCD Circulars)

 

S.No.

Date of circular

Subject Matter

1

RPCD.No.CRRB.403/G.83-

84                          dated

August 5, 1983

The Reserve Bank of India Act, 1934 - Section 42(2) and the Reserve Bank of India Scheduled Banks Regulations, 1951 - Regulation 6 -

Modifications of Form 'B' (Form of weekly statement to be submitted by a Scheduled state Co-operative Bank to the Reserve Bank of India)

2

RPCD.No.CRRB.1266/G.1-

83/84                       dated

November 17, 1983

Submission of Weekly Returns in Form 'B' to the Reserve Bank of India by Non-scheduled State Co- operative Banks

3

RPCD.No.CRRB.1340/G.83-

84                      dated

November 24, 1983

The Reserve Bank of India Act, 1934 - Section 42(2) and the Reserve Bank of India

Scheduled Banks' Regulations, 1951 - Regulation 6 - Modifications in Form 'B'

(Form of Weekly Statement to be Submitted by a Scheduled State Co-operative Bank to the Reserve Bank of India)

4

RPCD.No.CRRB.3634/A.20(

24)-83/84                   dated May 18, 1984

Maintenance of Minimum Average Daily Balance under Section 42 (1) of the Reserve Bank of India Act, 1934

5

RPCD.No.CRRB.985/324-

84/85                       dated

November 23, 1984

Maintenance of Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)

6

RPCD.No.RF.367/A.6-85

dated March 11, 1985

Amendments to the Reserve Bank of India Scheduled Banks Regulations , 1951

7

RPCD.No.BC.41/07.02.01/9 5-96

dated September 29, 1995

Section 42 of the Reserve Bank of India Act, 1934 - Cash Reserve Ratio (CRR) -

Maintenance of Minimum Level of 85 Per cent on a Daily Basis

8

RPCD.STAT.No.BC.34/11.0

2.01/98-99 dated November 10, 1998

Section 42 (2) of Reserve Bank of India Act, 1934 -

Return in Form

'A' for RRBs and Form 'B' for Scheduled State Co- operative Banks

9

RPCD.No.RF.BC.44/07.02.0

1/99-2000                    dated December 08, 1999

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

10

RPCD.No.RF.BC.87/07.02.0

3/99-2000                   dated May 03, 2000

Maintenance of Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)

11

RPCD.No.RF.BC.75/07.02.0

1/2000-01                     dated April 19, 2001

Section 42(1) of the Reserve Bank of India Act, 1934 - Maintenance of Cash Reserve Ratio (CRR) - Relaxation in Daily Minimum Cash Reserve Ratio Maintenance

 

 

 

 

Requirement

12

RPCD.Cir.RF.BC.49/07.02.0

5/2001-02              dated December 31, 2001

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

Cash Reserve Ratio (CRR) by Scheduled State Co- operative Banks

13

RPCD.RF.BC.59/07.02.01/2

001-2002   dated January

30, 2002

Section 42(1) of RBI Act 1934 - Maintenance of Cash Reserve Ratio (CRR) by

Scheduled State Co-operative Banks (Sch.SCBs)/Regional Rural Banks (RRBs)

14

RPCD.No.RF.BC.35/07.02.0

1/2002-03                    dated October 29, 2002

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

15

RPCD.CO.No.RF.BC.55/7.0

2.01/2002-03                dated December 26, 2002

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

16

RPCD.CO.RF.BC.53/07.02.0

1/2005-06         dated December 8, 2005

Maintenance of CRR / SLR on Transaction in Collateralised Borrowing and Lending Obligation (CBLO)

17

RPCD.RF.BC.93/07.02.01/2

005-2006           dated

June 22, 2006

Section 42(1) of Reserve Bank of India Act, 1934 - Maintenance of CRR

18

RPCD.RF.BC.94/07.02.01/2

005-2006       dated

June 22, 2006

Maintenance of CRR on Exempted Categories

19

RPCD.RF.BC.17/07.02.01/2

006-07 dated August 11, 2006

Section 42 (1) of Reserve Bank of India Act, 1934 - Penalties on Default in Maintenance of Cash Reserve Ratio (CRR)

20

RPCD.RF.BC.54/07.02.01/2

006-07 dated March 02, 2007

Section 42(1) of Reserve Bank of India Act, 1934 - Maintenance of Cash Reserve Ratio (CRR)

21

RPCD.CO.RF.BC.No.64/07.

02.01/2006-07 dated April 4, 2007

Section 42 (1) of RBI Act, 1934 - Maintenance of Cash Reserve Ratio (CRR)

22

RPCD.CO.RF.BC.No.75/07.

02.01/2006-07 dated April 24, 2007

Section 42(1) of Reserve Bank of India Act, 1934 - Maintenance of Cash Reserve Ratio (CRR)

23

RPCD.CO.RF.BC.No.77/07.

02.01/2006-07 dated April 24, 2007

Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories

 

 

24

RPCD.CO.RRB/RCB.BC.No. 83/03.05.33/2013-14  dated

February 11, 2014

Section 42(1) of the Reserve Bank of India Act, 1934, Section 24 of Banking Regulation Act 1949 and Section 18 and 24 of the Banking Regulation Act, 1949 (AACS) -

FCNR(B) / NRE deposits - Exemption from Maintenance of CRR / SLR and

Exclusion from Outstanding Advances for Priority Sector Lending for RRBs

25

RPCD.RCB.BC.No.110/07.5

1.020/2013-14 dated June 5, 2014

The Banking Laws (Amendment) Act 2012 - Amendments to

Section 18 & 24 of Banking Regulation (B.R.) Act, 1949 (AACS)

- Maintenance of Cash Reserve Ratio (CRR) for Non- Scheduled

StCBs and CCBs and Statutory Liquidity Ratio (SLR) for StCBs and CCBs

26

RPCD.RCB.BC.No.16/07.51.

020/2014-15 dated July 21, 2014

Banking Laws (Amendment) Act, 2012 - Amendments to Sections 18 & 24

of the Banking Regulation Act, 1949 (AACS) - Maintenance of Cash Reserve Ratio (CRR)

for Non-Scheduled StCBs and CCBs and Statutory Liquidity Ratio (SLR) for StCBs and CCBs.

27

RPCD.CO.RCB.RRB.BC.No. 61/03.05.33/2012-13 dated

January 29, 2013

Section 42 (1) of the Reserve Bank of India Act, 1934- Maintenance of CRR

 

All approvals/acknowledgements given under the above circulars shall be deemed as given under these directions.

 

List of Abbreviations

 

ACU

Asian Clearing Union

ATM

Automated Teller Machine

BAF

Bankers' Acceptance Facility

CRR

Cash Reserve Ratio

DD

Demand Draft

DICGC

Deposit Insurance and Credit Guarantee Corporation

DRDA

District Rural Development Agency

DTL

Demand and Time Liabilities

EC

Eligible Credit

ECGC

Export Credit Guarantee Corporation

EXIM Bank

Export and Import Bank

FALLCR

Facility to Avail Liquidity for Liquidity Coverage Ratio

FCNR(B)

Foreign Currency Non Resident (Bank) Account

GBP

Great British Pound

HQLA

High Quality Liquid Assets

IBFC

Inter-Bank Foreign Currency

IBU

International Financial Service Centre(IFSC) Banking Unit

INR

Indian Rupee

JPY

Japanese Yen

LAF

Liquidity Adjustment Facility

LB

Long-Term Bonds

LCR

Liquidity Coverage Ratio

MSF

Marginal Standing Facility

MT

Mail Transfer

NABARD

National Bank for Agriculture and Rural Development

NDTL

Net Demand and Time Liabilities

NHB

National Housing Bank

NRE

Non-Resident External

OBU

Offshore Banking Units

ODTL

Other Demand and Time Liabilities

RIDF

Rural Infrastructure Development Fund

RRB

Regional Rural Bank

SCB

Scheduled Commercial Bank

SDL

State Development Loan

SIDBI

Small Industries Development Bank of India

SLR

Statutory Liquidity Ratio

TT

Telegraphic Transfer

USD

US Dollar

 

Annex – I

 

Form A

 

(To be submitted by a scheduled bank which is not a Co-operative bank)

 

Statement of position at the close of business on Friday1------- (Rupees rounded off to the nearest thousand)

 

Name of the Bank:

I.               Liabilities to the Banking System in India 2

a)            Demand and time deposits from Banks

b)            Borrowings from Banks3

c)            Other Demand and Time Liabilities4

Total of I

II.             Liabilities to Others in India

a)        Aggregate Deposits (Other than from Banks)

(i)            Demand

(ii)          Time

b)        Borrowings5

c)  Other demand and time liabilities

Total of II Total of I + II

III.           Assets with the Banking System in India

a)        Balances with Banks

(i)            In current account

(ii)           In other accounts

b)        Money at call and short notice

c)         Advances to banks i.e., dues from banks

d)  Other Assets

 

Total of III

 

 

IV.          Cash in India (i.e., cash in hand)

 

V.            Investments in India (at book value)

 

a)        Central and State Governments securities including Treasury Bills, Treasury Deposits Receipts, Treasury Savings Deposit Certificates and Postal obligations

 

b)        Other approved Securities

 

Total of V

 

VI.          Bank Credit in India (excluding inter-bank advances)

 

a)        Loans, cash credits and overdrafts

 

b)        Inland Bills purchased and discounted

 

(i)         Bills Purchased

 

(ii)       Bills Discounted

 

c)         Foreign Bills purchased and discounted

 

(i)         Bills purchased

 

(ii)       Bills discounted

 

 

Total of VI

 

Total of (III+IV+V+VI)

 

A.                 Net liabilities for the purpose of Section 42 of the Reserve Bank of India Act, 1934 = Net Liability to the Banking System + Liabilities to Others in India i.e.,(I-III) +II, if (I-III) is a plus figure or II only, If (I-III) is a minus figure.

 

B.                Savings Bank Account (vide Regulation 7)

 

i)    Demand Liabilities in India

ii)   Time Liabilities in India

 

Place: Date:

1 Where Friday is a public holiday under the Negotiable Instrument Act, 1881 (26 of 1881) for one or more offices of a Scheduled bank, the return shall give the preceding working day's figure in respect of such office or offices, but shall nevertheless be deemed to relate to that Friday.

2 The expression "Banking System" or "Banks" wherever it appears in the return means the banks and any other financial institutions referred to in sub-clause  (i) to (vi)of clause (d) of the Explanation below Section 42 (1) of the Reserve Bank of India Act, 1934. .

3     In case of RRBs, apart from the sponsor bank.

 

4 If it is not possible to provide the figure against I(c) separately from II(c), the same may be included in the figure against II(c).In such a case, the net liability to the banking system will be worked out as the excess, if any of the aggregate of 1(a) and 1(b) over the aggregate of III.

5 Other than from Reserve Bank of India, National Bank for Agriculture and Rural Development and Export-Import Bank of India.

 

Memorandum to Form A

 

1.            Paid-up Capital

 

1.1         Reserves

 

2.            Time Deposits

 

2.1         Short-term

 

2.2         Long-term

 

3.            Certificates of Deposits

 

4.            Net Demand and Time Liabilities

(After deduction of liabilities under zero reserve prescription, Annex A)

5.            Amount of Deposits required to be maintained as per current rate of CRR

6.            Any other liability on which CRR is required to be maintained as per current RBI instructions under section 42 and 42(1A) of the Reserve Bank of India Act, 1934.

7.            Total CRR required to be maintained under Section 42 and 42(1A) of the Reserve Bank of India Act, 1934.

 

Annex A

 

Name of the Bank:

 

(Amount in Rupees rounded off to the nearest thousand)

 

 

Items

Outstanding at

Book value

Revaluation value

Interest

1

2

3

4

FOREIGN CURRENCY LIABILITIES

 

 

 

Foreign Currency Liabilities to others In India

 

I.  Non-Resident Deposits (I.1+I.2+I.3+I.4)

I.1Non-Resident External Rupee Account (NRE)

I.2Non-Resident Ordinary Deposits (NRO) I.3Foreign Currency Non-Resident

Banks Scheme (FCNR(B}](1.3.1+1.3.2)

 

I.3.1  Short-term 1

 

I.3.2    Long-term2

 

I.4 Others (to be specified)

 

 

 

II.  Foreign Currency Other Deposits/Schemes (II.1+II.2+II.3+II.4+II.5+II.6)

II.1   Exchange Earner's Foreign Currency

II.2           Resident     Foreign     Currency          Accounts (II.2.1+II.2.2)

 

II.2.1        Resident Foreign Currency (Old Scheme)

 

II.2.2               Resident       Foreign               Currency (Domestic) (New               Scheme)

 

II.3   ESCROW Accounts by Indian Exporters

 

II.4     Foreign Credit Line for Pre-shipment

Credit account and Overseas Rediscounting of Bills

 

 

 

 

 

II.5   Credit Balances in ACU(US dollar) Account

 

II.6   Others (to be specified)

 

 

 

III.  Foreign Currency Liabilities to the Banking System In India(III.1+III.2)

III.1   Inter-bank Foreign Currency Deposits

 

III.2   Inter-bank Foreign Currency Borrowings

 

 

 

IV. Overseas Borrowings3

 

 

 

FOREIGN CURRENCY ASSETS

 

1. Assets with the banking system in India

1.1   Foreign Currency lending

 

1.2   Others

 

2.   Assets with others In India

 

2.1   Bank Credit In India In Foreign Currency4

 

2.2   Others

 

3.   Overseas foreign currency assets5

 

of which, balances held in cash component of Nostro account

 

 

 

 

 

 

 

Amount in Rupees Rounded off to the Nearest thousand

V.   External Liabilities to Others subject to Differential/zero CRR prescription (I+II)

 

VI.   External liabilities fully subject to CRR prescription (IV) VII.Net Inter-Bank Liabilities(I-III  of Form A)

VIII.   Any other liabilities coming within the purview of zero prescription

VIII.1   MSME

 

VIII.2   IBU

 

VIII.3   OBU

 

VIII.4   Minimum of EC or LB

 

 

 

 

VIII.5 Other Liabilities under Zero Prescription

 

 

 

IX. Liabilities subject to zero CRR prescription (V+VII+VIII)

 

Memo items

 

1. Inter Bank Liabilities

 

1.1 Total Inter Bank Liabilities

 

1.2 Less: Term liabilities (Maturity>= 15 days and up to 1 year)

 

1.3  Net (1.1-1.2)

 

2.    Inter Bank Assets

 

2.1  Total Inter Bank Assets

 

2.2  Less: Term assets(Maturity>= 15 days and up to 1 year)

 

2.3  Net (2.1-2.2)

 

3.    ACU Dollar Funds

 

1 of contractual maturity of one year or less.

2 of contractual maturity of more than one year.

3 Pertains to the portion not swapped into Rupees. 4 Loans out of FCNR (B) deposits.

5 Include (i) balances held abroad (i.e., cash component of Nostro account. debit balances in ACU (US dollar) account

and credit balances in the commercial banks of ACU countries) (ii) short term foreign deposits and investments in

eligible securities, (iii) foreign money market instruments including Treasury Bills and (iv) foreign shares and bonds.

 

 

 

 

(Signature of Authorised Officials)

 

 

 

1.   (Designation)

 

 

 

 

 

2.   (Designation)

 

Annex B

 

Name of the Bank:

 

(Amount in Rupees rounded off to the nearest thousand)

 

Items

Outstanding at book value

Revaluation value

1

2

3

I.  Investments in Approved Securities(I.1+I.2)

 

 

 

I.1   Investment in Government securities (I.1.1+I.1.2=Item V(a) of Form A)

I.1.1    Short Term1

 

I.1.2    Long Term2

 

I.2   Investment in other approved Securities (1.2 =Item V(b) of Form A)

(As and when prescribed)

 

I.3   Investment in other Government Securities (Non- SLR)

 

II    Investments in other Securities

(II.1+II.2+II.3+II.4)

 

Investments in :

 

II.1   Commercial Paper

 

II.2     Units of  Mutual Funds

II.3     Shares issued by -

 

II.3.1    Public Sector Undertakings

 

II.3.2      Private Corporate Sector

 

II.3.3      Public Financial Institutions

 

II.3.4      Others (to be specified)

 

II.4   Bonds/debentures/security receipts/ Pass Through Certificates issued by -

 

II.4.1    Public Sector Undertakings

 

 

 

 

II.4.2    Private Corporate Sector

 

II.4.3    Public Financial Institutions

 

II.4.4    Others (to be specified)

 

III Deposits towards Priority Sector Lending shortfall (RIDF, SIDBI etc.)

 

 

Memo Items

 

 

1.         Subscriptions to shares/debentures/bonds in the Primary market.

 

2. Subscriptions through Private Placements

 

3. Of item no. (I.1 +I.2) above, securities pledged for borrowings (a+b+c+d+e):

a)   under RBI-LAF repo/term repo

b)   under MSF

c)   under FALLCR

d)   under market repo/other borrowings

e)   contribution to Settlement Guarantee Funds (SGFs) and other similar funds

 

 

1        of contractual maturity of one year or less

2        of contractual maturity of more than one year.

 

 

 

 

 

(Signature of Authorised Officials)

 

 

 

1.(Designation)

 

 

 

 

 

2.(Designation)

 

Annex – II

 

 

THE BANKING REGULATION ACT, 1949 FORM VIII

(Rule 13 A)

 

(Section 18 and 24)

 

(For Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), Small Finance Banks , Payments Bank and Local Area Banks(LAB))

 

 

1.                   Name of the banking company:

 

2.                   Name and designation of the officer submitting the return:

 

3.                   Statement of demand and time liabilities and cash, gold and

unencumbered approved securities for the month of                            :

 

(To be furnished to the Reserve Bank not later than 20 days after the end of the month to which it relates)

 

(Rounded off to the nearest thousand rupees)

 

 

As at the close of business on

First alternate Friday@

Second alternate Friday@

Third alternate Friday@

 

PART - A

 

I.              Liabilities in India to the Banking System (excluding any loan taken by a Regional Rural Bank from its sponsor Bank)

 

(a)    Demand Liabilities

 

(i) Balances in current accounts of the State Bank of India and corresponding new banks

 

 

 

(ii)Other demand liabilities

 

(b)     Time Liabilities

 

 

Total of I

 

II.          Liabilities in India to others(excluding borrowings from the Reserve Bank, Export-Import Bank of India and National Bank for Agriculture and Rural Development)

 

(a)            Demand Liabilities

(b)            Time Liabilities

Total of II

 

III   Cash in hand

 

IV. Balances in current account with the Reserve Bank

 

V.   Assets in India with the Banking System

 

(a)       Balances in current account with

 

(i)             The       State      Bank      of      India      and corresponding new banks.

 

(ii)           Other   banks        and     Notified   financial Institutions

 

(b)     Balances in other accounts with banks and notified financial institutions

 

(c)   Money at call and short notice

 

(d)    Advances to banks (i.e., dues from banks)

 

(e)    other assets

 

Total of V

 

VI.   Net balance in current accounts= V(a)(i) - I (a)(i)

VII.   Net liabilities for the purpose of Section18 and 24 of the Banking Regulation Act, 1949=

Net liabilities to the Banking System+ Other demand and time liabilities=

(I-V)+II if (I-V) is a plus figure

 

 

 

OR

 

II only if (I-V) is a minus figure

 

PART – B(For non-scheduled banks only)

 

VIII. Minimum amount of cash reserve required to be maintained under Section 18 of the Banking Regulation Act, 1949 (such per cent of VII as on the last Friday of the second preceding fortnight as specified by the Reserve Bank from time to time.)

 

 

IX .      Cash reserve actually maintained =

 

Total of III, IV and VI

 

X.  Excess of IX over VIII

 

 

PART - C

 

XI.               Minimum amount of assets required to be maintained under Section 24 of the Banking Regulation Act, 1949 (such percent of VII as on the last Friday of the second preceding fortnight as specified by the Reserve Bank from time to time).

 

XII.                            (a)Balance required to be maintained by a scheduled bank under Section 42 of the Reserve Bank of India Act, 1934.

 

(b)                Balance actually maintained by a scheduled bank with the Reserve Bank

 

(c)                Excess of (b) over (a)

 

 

XIII.     Assets actually maintained

 

(a)                Amount in cash deposited with the Reserve Bank by a banking company incorporated outside India under Section 11(2) of the Banking Regulation Act, 1949

 

(b)                Cash in hand or in the case of a

 

 

non-scheduled bank, excess of IX over VIII, if any, shown against X above

 

(c)                Excess balance with the Reserve Bank, if any shown against XII (c) above

 

(d)                Net balance in current account maintained by a scheduled bank =

VI above

 

(e)                Balances maintained by a Regional Rural Bank in call or fixed deposit with its Sponsor Bank

 

(f)                 Gold valued at a price not exceeding the current market price

 

(g)                Unencumbered approved securities valued on the basis of the method of valuation determined by the  Reserve Bank

 

(h)                Approved securities deposited with the Reserve Bank by a banking company incorporated  outside  India  under section

11 (2) of the Banking Regulation Act, 1949, valued on the basis of the  method of valuation determined by the Reserve Bank

Total of (a) to (h)

 

XIV.                                   XIII-XI

(Excess+, deficit-)

 

 

 

 

 

Dated                                                                                         Signature

 

Note: For the purposes of this return, the expressions “Banking System" shall mean the State Bank of India,corresponding new banks, Regional Rural Banks, other banking companies, co-operative banks and financial institutions notified by the Central Government under clause (d) of the Explanation to section 18 of the Banking Regulation Act,1949.

 

@           Give dates (where Friday is a public holiday under the Negotiable Instruments Act, 1881 (26 of 1881), give the date as on the preceding working day)

 

Annex - III

 

 

Form 'B'

[To be submitted by a Scheduled co-operative bank

Statement of Position as at the Close of Business on Friday @ the                      (Rupees rounded off to the nearest Thousand)

Name of the Bank :

 

 

 

I.

Liabilities to the Banking System in India*

 

(a)

Demand and time deposits from banks*

 

 

(i)

Demand

 

 

(ii)

Time

 

(b)

Borrowings from banks *

 

(c)

Other demand and time liabilities @@

Total of I

II.

Liabilities to Others in India

 

(a)

Aggregate deposits (other than from banks* and also other than any deposit of money representing the reserve fund or any part thereof maintained by any co- operative society within the State Co-operative bank's area of operation)

 

 

(i)

Demand

 

 

(ii)

Time

 

(b)

Borrowings (other than Reserve Bank of India, Industrial Development Bank of India, National Bank for Agriculture and Rural Development, Export-Import Bank of India, the State Government and the National Co- operative Development Corporation, State Co-operative Bank of the State concerned or the District Central Co- operative Bank of the District concerned)

 

(c)

Other demand and time liabilities

 

 

Total of II

Total of I + II

III.

Assets with the Banking System in India*

 

(a)

Balance with banks*

 

 

(i)

in current account

 

 

(ii)

in other accounts

 

(b)

Money at call and short notice

 

(c)

Advances to banks* i.e. due from banks*

 

(d)

Other assets

Total of III

IV.

Cash in India (i.e. cash in hand)

V.

Investments in India (at book value)

 

(a)

Central and State Government securities including treasury bills, treasury deposit receipts, treasury savings deposit certificates and postal obligations

 

(b)

Other approved securities

Total of V

VI.

Bank Credit in India (excluding inter-bank advances)

 

(a)

Loans, cash credits and overdrafts

 

(b)

Inland bills purchased and discounted

 

 

(i)

Bills purchased

 

 

(ii)

Bills discounted

 

(c)

Foreign bills purchased and discounted

 

 

(i)

Bills purchased

 

(ii)    Bills discounted

 

Total of VI

 

Total of III + IV + V + VI

A.      Net Liabilities for the purpose of Section 42 of              (I - III) + II, if (I - III) is a plus Reserve Bank of India Act, 1934 = Net Liability to the figure or II only, if

Banking System + Liability to Others in India                (I - IIII) is a minus figure

B.      Amount of minimum deposit required to be kept with   = `

the Reserve Bank of India under the Act (rounded off

to the nearest rupee)

C.      Savings Bank Account (vide Regulation 7) Demand liabilities in India

Time liabilities in India

 

 

 

Sd/- Signature of Officers

1.  (Designation)                              

 

2.  (Designation)                              

 

Station

 

 

:

Date

 

:

1.

Borrowings in India from the Reserve Bank of India under the Reserve Bank of India Act, 1934

 

 

Section :

 

 

(i)

 

17(2)(a)

 

(ii)

17(2)(b) or (4)(c)

 

(iii)

17(2)(bb) or (4)(c)

 

(iv)

17(4)(c)

 

(v)

17(4)(a)

 

Total of item (1)

 

 

2.

Borrowings from

 

 

(i)

 

National Bank under the National Bank for Agriculture and Rural Development Act, 1981 under Section :

 

 

(a)

21

 

 

(b)

22

 

 

(c)

23

 

 

(d)

24

 

 

(e)

25

 

(ii)

State Bank of India

 

(iii)

Other banks

 

(iv)

Industrial Development Bank of India

 

(v)

State Government

 

(vi)

National Co-operative Development Corporation

 

(vii)

Export-Import Bank of India

 

(viii)

State Co-operative Bank of the State concerned

 

(ix)

District Central Co-operative Bank of the District concerned

Total of item (2)

3.

Balance with the Reserve Bank of India

 

 

Footnotes

#

Scheduled primary (urban) co-operative banks are also required to submit the statement in the same format.

@

Where Friday is a public holiday under the Negotiable Instruments Act, 1881 (26 of 1881) for one or more offices of a scheduled State Co-operative bank, the Return shall give the preceding working day's figures in respect of such office or offices, but shall nevertheless be deemed to relate to that Friday.

*

The expression "Banking System" or "Banks" wherever it appears in the return means the banks and any other financial institutions referred to in regulations (i) to (v) of clause (e) of the Explanation below Section 42(1) of the Reserve Bank of India Act, 1934.

@@

If it is not possible to provide the figure against I (c) separately from II(c), the same may be included in the figure against II (c). In such a case, the net liability to the banking system will be worked out as the excess, if any, of the aggregate of I(a) and I(b) over the aggregate of III

 

---------------------------------------

 

FORM I

 

 

 

Cash Reserve Ratio (CRR) & Statutory Liquidity Ratio (SLR)

 

Annex - IV

 

 

The Banking Regulation Act, 1949

 

Form - I (See Rule 5)

[Sections 18(1) and 24(3)] [Vide paragraph …..]

CRR  for Non-Scheduled Co-operative Banks

SLR –All Primary Co-operative Banks(Scheduled and Non-Scheduled)

 

Name of the Co-operative Bank :

 

Name(s) and Designation(s) of

the Officer(s) submitted the Return :

 

Statement of Demand and Time liabilities in India and Amount maintained in India in Cash, Gold and unencumbered Securities for the Month of                                             

 

The amounts of various items in this return should be worked out after taking into account, where necessary, the adjustments indicated in the footnotes at the end of the return.

 

(Rounded off to the nearest Thousand Rupees)

 

As at the close of Business on

First Alternate Friday (Date)

Second Alternate Friday (Date)

Third Alternate Friday (Date)

1

2

3

4

Part – A

I.

Liabilities in India(£) to the banking system$

 

 

 

(a)

Demand liabilities

 

 

 

(i)

Total of credit balances in current accounts maintained with the Co-operative Bank by the State Bank of India and corresponding new banks

 

 

 

(ii)

Total of other demand liabilities to the banking system

 

 

 

(b)

Time liabilities to the banking system$

 

 

 

Total of I

 

 

 

 

 

II.

Liabilities in India to others X

 

 

 

(a)

Demand liabilities

 

 

 

(b)

Time liabilities

 

 

 

Total of II

 

 

 

III.

Assets in India with the banking system

 

 

 

(a)

Total of credit balances (%) in current accounts maintained with State Bank of India and corresponding new banks.

 

 

 

(b)

Total of other assets with the banking system, viz.,

(i) balances in all accounts other than those included in item III (a), (ii) money at call and short notice, (iii) advances, and (iv) any other assets.

 

 

 

IV.

Total (net) demand and time liabilities for the purposes of Sections 18 and 24 of the Act = (I-III) + II, if (I-III) is a plus figure, OR II only, if (I-III) is a minus figure

 

 

 

V.

Cash in hand (&)

 

 

 

VI.

Balances in current accounts with

 

 

 

(a)

Reserve Bank of India++

 

 

 

(b)

State Co-operative Bank of the State concerned (+)

 

 

 

(c)

District Central Co-operative Bank of the district concerned (%)

 

 

 

Total of VI

 

 

 

VII

Balances with all other types with

 

 

 

(a)

State Co-operative Bank of the State

 

 

 

(b)

District Central Co-operative Bank

 

 

 

Total of VII

 

 

 

VIII

Net balance in current accounts, i.e., excess of III(a) over I(a)(i)

 

 

 

Part - B

Information need not be furnished

Compliance with Section 18

 

 

(Not applicable to scheduled State Co-operative Banks)

 

IX.

4 per cent of IV as on the last Friday of the second preceding fortnight

}

}

}

}

}

}

X.

Cash reserve actually maintained = V + VI + VIII

}

Part - C : Compliance with Section 24 :

(Not applicable to scheduled State Co-operative Banks)

}

}

XI.

-------- per cent (or a higher specified percentage) of IV as on the last Friday of the second preceding fortnight

}

}

}

XII.

Assets actually maintained

}

(a)

Cash and other balances maintained in India X-IX + VII

}

}

}

(b)

Gold ££

 

(c)

Unencumbered approved securities $$

}

}

Total of XII

 

 

 

Part -D : Compliance with Section 24 :

(Applicable to Scheduled / State Co-operative Banks)

 

 

 

XIII

-------- per cent (or a higher specified percentage) of IV as on the last Friday of the second preceding fortnight

 

 

 

XIV

Assets actually maintained

 

 

 

(a)

Cash in hand

 

 

 

(b)

Balance maintained with the Reserve Bank of India in excess of the balance required to be maintained under Section 42 of the Reserve Bank of India Act, 1934 [i.e., VI(a)]

 

 

 

(c)

Net balance in current accounts (i.e., VIII)

 

 

 

(d)

Gold ££

 

 

 

(e)

Unencumbered approved securities $$

 

 

 

(f)

Balances of all other types with :

 

 

 

 

 

 

 

(i)

State Co-op. Bank of the State concerned (+)

 

 

 

(ii)

District Central Co-op. Bank of the district concerned (X)

 

 

 

 

 

 

 

 

Sd/- Signature

Date:

 

 

 

 

 

Footnotes

1.

Return in this Form is to be submitted to the Reserve Bank of India under Section 24 of the Banking Regulation Act, 1949 (As application to co-operative societies) by scheduled State Co-operative Banks and Sections 18 and 24 of the Act ibid. by the other "Co-operative Banks" not later than 15 days after the end of the months to which it relates.

2.

If an alternate Friday is a holiday under the Negotiable Instruments Act, 1881 (26 of 1881), the figures as at the close of business on the preceding working day should be furnished.

£.

 

For the purposes of this return, "Liabilities in India" shall not include.

 

(i)

The paid-up capital or the reserves or any credit balance in the profit and loss account of the Co- operative Bank -

 

(ii)

In the case of a State Co-operative Bank or a District Central Co-operative Bank, any deposit of money with it, representing the reserve fund or any part thereof maintained with it, by any other Co-operative Society within its area of operation;

 

(iii)

in the case of a District Central Co-operative Bank, any advance taken from the State co-operative bank of the State concerned;

 

(iv)

Any advance taken by a primary Co-operative Bank from the State Cooperative Bank of the State concerned or the District Central Co-operative Bank of the district concerned;

 

(v)

Amount of, any advance or other credit arrangement drawn and availed of by a Co-operative Bank against approved securities;

 

(vi)

In the case of any Co-operative Bank which has granted an advance against any balance maintained with it, such balance to the extent of the amount outstanding in respect of such advance.

$

For the purpose of this return, the expression "Banking system" shall comprise the following banks and financial institutions, viz.

 

 

 

(i)

State Bank of India

 

 

(ii)

Corresponding new banks or IDBI Bank Ltd.

 

(iii)

 

Regional Rural Banks

 

(iv)

 

Banking companies;

 

(v)

Other financial institutions, if any, notified by the Central Government in this behalf under clause

(d) of the Explanation to sub-section (1) of Section 18 of the Banking Regulation Act, 1949 (As applicable to co-operative societies).

X.

For the purpose of this return, "liabilities in India to others" shall not include borrowings from a State Government, the Reserve Bank, Industrial Development Bank of India, Export-Import Bank of India, National Bank for Agriculture and Rural Development, or from the National Co-operative Development Corporation established under Section 3 of the National Co-operative Development Act, 1962.

%

(i)

Any balance held by Co-operative Bank with another bank shall not, to the extent such balance represents the investment of Agricultural Credit Stabilisation Fund of such Co-operative Bank, be deemed to be cash maintained in India.

 

(ii)

In case the co-operative bank has taken an advance against any balance maintained with the State Co-operative bank of the State concerned or with the District Central Co-operative Bank of the district concerned, such balance to the extent to which it has been drawn against or availed of shall not be deemed to be such cash maintained in India.

&

(i)

For the purpose of this return, any cash with a Co-operative Bank shall not, to the extent such cash represents the balance in Agricultural Credit Stabilisation Fund of such Co-operative Bank, be deemed to be cash maintained in India.

 

(ii)

Cash must not include balance with other banks or any item other than bank / currency notes, rupee coin (including one rupee notes) and subsidiary coins current on the date of this return.

++

Scheduled State Co-operative Banks should show here only the amount in excess of the balance required to be maintained with the Reserve Bank of India under Section 42 of the Reserve Bank of India Act, 1934.

+

Applicable to State industrial Co-operative Banks, District Central Co-operative Bank, District Industrial Co-operative Banks and Primary Co-operative Banks only.

X

 

Applicable to primary Co-operative Banks only.

$$

(i)

 

Valued on the basis of the method of valuation determined by the Reserve Bank.

 

(ii)

Approved securities, or a portion thereof, representing investment of monies of Agricultural Credit Stabilisation Fund of a Co-operative Bank, shall not be deemed to be unencumbered approved securities.

££

 

Valued at a price not exceeding the current market price.

 

 

---------------------------------------

 

Annex – V

 

 

 

Cash Reserve Ratio (CRR) & Statutory Liquidity Ratio (SLR)

 

Monthly statement showing the daily position of maintenance of Cash Reserve under Section 18 of the Banking Regulation Act, 1949

(As applicable to Co-operative Societies) during the Month of                      

 

(Applicable to Non-Scheduled Primary (Urban) Co-operative Banks)

 

Name of the Bank :

 

 

 

(Rupees rounded off to the nearest Thousand)

 

 

Date

Amount of Cash Reserve

 

Deficit

 

Surplus

 

Remarks

Required to be maintained

Actually maintained

1

2

3

4

5

6

7

1

 

 

 

 

 

 

2

 

 

 

 

 

 

3

 

 

 

 

 

 

4

 

 

 

 

 

 

5

 

 

 

 

 

 

6

 

 

 

 

 

 

7

 

 

 

 

 

 

8

 

 

 

 

 

 

9

 

 

 

 

 

 

10

 

 

 

 

 

 

11

 

 

 

 

 

 

12

 

 

 

 

 

 

13

 

 

 

 

 

 

14

 

 

 

 

 

 

15

 

 

 

 

 

 

16

 

 

 

 

 

 

17

 

 

 

 

 

 

18

 

 

 

 

 

 

19

 

 

 

 

 

 

 

 

20

 

 

 

 

 

 

21

 

 

 

 

 

 

22

 

 

 

 

 

 

23

 

 

 

 

 

 

24

 

 

 

 

 

 

25

 

 

 

 

 

 

26

 

 

 

 

 

 

27

 

 

 

 

 

 

28

 

 

 

 

 

 

29

 

 

 

 

 

 

30

 

 

 

 

 

 

31

 

 

 

 

 

 

 

 

Signature of CEO : Name : Designation :

 

NB : Where there is a public holiday under Negotiable Instruments Act, 1881 (26 of 1881), figures in respect of such day should relate to the preceding working day.

 

 

Annex – VI

 

Cash Reserve Ratio (CRR) & Statutory Liquidity Ratio (SLR)

 

Statement of Valuation of SLR Securities

(Fortnight ended Friday                   ) [Vide paragraph…]

 

 

Name of the Bank :

 

 

 

(Rs. in Lakhs up to two Decimals)

 

Particulars

 

Face Value

 

Book Value

Depreciation Held

Net Value for SLR Purpose (2-

3)

Part I

 

1.

 

2.

 

3.

 

4.

 

Government Securities

 

 

 

 

 

Opening Balance

 

 

 

 

 

Addition during the fortnight (+)

 

 

 

 

 

Deduction during the fortnight (-)

 

 

 

 

 

Closing Balance (a)

 

 

 

 

Part II

 

 

 

 

 

Other Approved Securities

 

 

 

 

 

Opening Balance

 

 

 

 

 

Addition during the fortnight (+)

 

 

 

 

 

Deduction during the fortnight (-)

 

 

 

 

 

Closing balance (b)

 

 

 

 

Total (a+b)

 

 

 

 

 

Annex – VII

 

(As mentioned in this MD)

Cash Reserve Ratio (CRR) & Statutory Liquidity Ratio (SLR) (Appendix - II)

 

Monthly statement showing the daily position of maintenance

of liquid assets under Section 24 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) during the month of                                 

 

[Applicable to all Primary (Urban) Co-operative Banks (Scheduled and Non- Scheduled)]

[Vide paragraph …]

 

 

Name of the Bank :

 

 

(Rupees rounded off to the nearest Thousand)

 

 

Date

Amount of Liquid Assets

 

Deficit

 

Surplus

 

Remarks

Required to be maintained

Actually maintained

1

2

3

4

5

6

7

1

 

 

 

 

 

 

2

 

 

 

 

 

 

3

 

 

 

 

 

 

4

 

 

 

 

 

 

5

 

 

 

 

 

 

6

 

 

 

 

 

 

7

 

 

 

 

 

 

8

 

 

 

 

 

 

9

 

 

 

 

 

 

10

 

 

 

 

 

 

11

 

 

 

 

 

 

12

 

 

 

 

 

 

13

 

 

 

 

 

 

14

 

 

 

 

 

 

15

 

 

 

 

 

 

 

 

16

 

 

 

 

 

 

17

 

 

 

 

 

 

18

 

 

 

 

 

 

19

 

 

 

 

 

 

20

 

 

 

 

 

 

21

 

 

 

 

 

 

22

 

 

 

 

 

 

23

 

 

 

 

 

 

24

 

 

 

 

 

 

25

 

 

 

 

 

 

26

 

 

 

 

 

 

27

 

 

 

 

 

 

28

 

 

 

 

 

 

29

 

 

 

 

 

 

30

 

 

 

 

 

 

31

 

 

 

 

 

 

 

 

Signature of CEO : Name : Designation :

 

 

NB : Where there is a public holiday under Negotiable Instruments Act, 1881 (26 of 1881), figures in respect of such day should relate to the preceding working day.

 

 

--------------------------------------

 

 

 

 

 

 

 

 

 

Cash Reserve Ratio (CRR) & Statutory Liquidity Ratio (SLR)

 

Register showing the daily position of cash reserve

and liquid assets maintained under Sections 18 and 24 respectively

of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) (For Primary Co-operative Banks)

[Vide paragraph …]

 

Annex – VIII

 

 

(Rounded off to the nearest Thousand)

 

 

Month and Year

 

 

1

 

2

 

3

 

4

 

5

 

6

 

7

 

8

 

9

 

10

 

11

 

12

 

13

 

14

 

15

 

16

 

17

 

18

 

19

 

20

 

21

 

22

 

23

 

24

 

25

 

26

 

27

 

28

 

29

 

30

 

31

Part - A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I.

Liabilities in India £$ to the banking system

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Demand liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(i)

Total of credit balances in current accounts maintained with the Co- operative Bank by the State Bank of India and corresponding new banks

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(ii)

Total of other demand liabilities to the banking system

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(b)

Time liabilities to the banking system

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total of I

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

II.

Liabilities in India £, X to others

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Demand liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(b)

Time liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total of II

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

III.

Assets in India with the banking system

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Total of credit balances % in current accounts maintained with State Bank of India and corresponding new banks.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(b)

Total of other assets with the banking system, viz., (i) balances in all accounts other than those included in item III (a),

(ii) oney at call and short notice,

(iii) advances, and (iv) any other assets.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IV.

Total (net) demand and time liabilities for the purposes of Sections 18 and 24 of the Act = (I-III) + II, if (I-III) is a plus figure, OR II only, if

(I-III) is a minus figure

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

V.

Cash in hand

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VI.

Balances in current accounts with

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Reserve Bank of India ++

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(b)

State Co- operative Bank of the State concerned *+%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(c)

District Central Co-operative Bank of the district concerned

*%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total of VI

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VII.

Balances of all other types with

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

State Co- operative Bank of the State concerned *+%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(b)

District Central Co-operative Bank of the district concerned

*+%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total of VII

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VIII.

Net balance in current accounts, i.e., excess of III(a) over I(a)(i)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Part-B

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Compliance with Section 18

(Not applicable to Scheduled State Co- operative Banks)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IX.

3 per cent of IV as on the last Friday of the second preceding fortnight

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

X.

Cash reserve actually maintained = V + VI + VIII

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Part-C

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Compliance with Section 24:

(Not applicable to scheduled State Co- operative Banks)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

XI.

25 per cent (or a higher specified percentage) of IV as on the last Friday of the second preceding fortnight

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

XII.

Assets actually maintained

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Cash and other balances maintained in India X-IX + VII

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(b)

Gold ££

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(c)

Unencumbered approved securities $$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total of XII

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Part-D

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Compliance with Section 24:

(Applicable to Scheduled / State Co-operative Banks)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

XIII

25 per cent (or a higher specified percentage) of IV as on the last Friday of the second preceding fortnight

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

XIV

Assets actually maintained

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Cash in hand

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(b)

Balance maintained with the Reserve Bank of India in excess of the balance required to be maintained under section 42 of the Reserve Bank of India Act, 1934[i.e., VI(a)]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(c)

Net balance in current accounts (i.e., VIII)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(d)

Gold ££

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(e)

Unencumbered approved securities $$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total of XIV

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Annex-IX

 

Explanations for Compilation of the figures under various heads of the Register showing Daily Position of Cash Reserve and Liquid Assets maintained by Primary Co-operative Banks

1.    "Liabilities in India" shall not include -

 

(i)    the paid-up capital or reserves or, any credit balance in the profit and loss account of the co-operative bank;

(ii)  any advances taken by a primary co-operative bank from the State Cooperative Bank of the State concerned or the District central co- operative bank of the district concerned;

(iii) any advance taken from a State Government, Reserve Bank, Industrial Development Bank of India, Export-Import Bank of India, National Bank for Agriculture and Rural Development, or from the National Co-op. Development Corporation established under Section 3 of the National Cooperative Development Corporation Act, 1962.

(iv) amount of any advance or other credit arrangement drawn and availed of by a co-operative bank against approved securities;

(v)  in the case of any co-op. bank which has granted an advance against any balance maintained with it, such balance to the extent of the amount outstanding in respect of such advance.

2.    The expression 'Banking System' shall comprise the following banks and financial institutions, viz.

(i)    State Bank of India;

 

(ii)  Corresponding new banks or IDBI Bank Ltd.

 

(iii) Regional Rural banks;

 

(iv) Banking Companies;

 

(v)  Other financial institutions, if any, notified by the Central Government in this behalf under clause (d) of the Explanation to subsection (1) of Section 18 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies).

3.               Time liabilities include fixed deposits, cash certificates, cumulative and recurring  deposits,  time  liabilities  portion  of  savings  bank     deposits,staff

 

security deposits, margins hold against letters of credit if not payable on demand and fixed deposits held as security for advances subject to item l(v) above.

4.               Fixed deposits will include (i) employees' provident fund deposits, (ii) staff security deposits, (iii) recurring deposits, (iv) cash certificates, (v) call deposits requiring notice period of more than 14 days, (vi) provident deposits, (vii) other miscellaneous deposits like earnest money deposits of contractors etc.

5.               Demand liabilities include current deposits, demand liabilities portion of savings bank deposits, margins held, against letters of credit / guarantees, balances in overdues fixed deposits, cash certificates and cumulative, / recurring deposits, outstanding telegraphic and mail transfers, demand drafts, unclaimed deposits, credit balances in the cash credit accounts and deposits held as security for advances which are payable on demand.

6.               Current deposits will include (i) call deposit which require a notice period of 14 days or less (ii) credit balance in cash credit account, (iii) fixed deposits matured but not withdrawn etc.

7.               "Net balance in current accounts" shall, in relation to a co-op. bank, mean the excess, if any, of the aggregate of the credit balances in current account maintained by that co-op. bank with the State Bank of India or a corresponding new bank or IDBI Bank Ltd. over the aggregate of the credit balances in current accounts held by the said banks with such co-op bank;

8.               For the purpose of computation of liabilities, the aggregate of the liabilities  of a co-op. bank to the State Bank of India, a corresponding new bank or IDBI Bank Ltd.,a Regional Rural bank, a banking company or any other financial institution notified by the Central Government in this behalf shall be reduced by the aggregate of the liabilities of all such banks and institutions to the co- op. bank;

9.               Other demand and time liabilities include interest accrued on deposits, bills payable, unpaid dividends and suspense account balances representing amounts due to other banks or public.

10.        Money at call and short notice obtained from outside the 'Banking System' (say from Life Insurance Corporation, Unit Trust of India, etc.) should be shown against Item No. II.

11.        If a bank cannot segregate from the total of 'other demand liabilities' and 'time liabilities', the liabilities to the 'Banking System', the entire 'other demand

 

liabilities' and 'time liabilities' may be shown against Item viz., Liabilities in India to others –

(i)    demand liabilities, and

 

(ii)  time liabilities as the case may be.

 

12.        Only demand and time borrowings other than those excluded under clause (a)

(ii) and (iii) of the explanation to Section 18(l) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) should be shown against this item.

13. 'Other demand liabilities' and 'other time liabilities ' as the case may be, will include deposits unclaimed for more than ten years, provisions in the  nature of outside liabilities (such as provision for income tax and other taxes payable, audit fees payable, establishment charges payable etc.), interest payable, bonus payable, bills payable, dividend payable, share suspense, other suspense and sundry  items (which are outside liabilities) etc.

14. In case the co-op. bank has taken an advance against any balance maintained with the State Co-operative Bank of the State concerned or with the district central cooperative bank of the district concerned, such balance to the extent to which it has been drawn against or availed of shall not be deemed to be cash maintained in India.

15. In computing the amount for the purpose the following shall be deemed to be cash maintained in India, namely;

(i)                any cash or balances maintained in India by a co-operative bank, with itself or with the State Co-operative Bank of the State concerned, or in current account with the Reserve Bank or by way of net balance in current accounts, and, in the case of a primary co-operative bank, also any balances maintained with the district central co- operative bank of the district concerned, in excess of the aggregate of the cash or balances required to be maintained under Section 18;

(ii)              any net balance in current account.

 

16. Assets with the 'Banking System' in India comprise;

 

(i)                Balances with the 'Banking System' in current accounts (a) with public sector banks and (b) with all other banks and notified financial institutions;

 

(ii)              Balances with banks and notified financial institutions, in all other accounts,

(iii)            Funds made available to the 'Banking System' by way of loans or deposits repayable at call or short notice of a fortnight or less;

(iv)          Loans, other than 'Money at call and short notice' made available to the 'banking system'; and

(v)            Any other amounts due from the 'Banking System' which cannot be classified under any of the above items, for example in the case of inter-bank remittance facility scheme, as on date, the total amount held by a bank with other banks (in transit or other  account)  would be shown here as such sums cannot be constructed as 'balances' or 'call money' or 'advances'.

(vi)          In this context, it may be clarified, that if a bank has lodged securities with another bank for borrowal arrangements, then such securities or the unencumbered position of the same should not be shown by the borrowing bank as 'assets' with 'Banking System'. Similarly, the bank which has received the securities should not show them as 'other liabilities', to the 'Banking System'.

(vii)            Currency and rupee notes and coins held as till money should be shown as cash in India (i.e. cash in hand). However, currencies of foreign countries held with a bank should not be included.

17. Cash must not include balances with other banks or any item other than bank

/ currency notes, rupee coin (including one rupee notes) and subsidiary coins current on the date of the posting of the register.

18. Unencumbered approved securities to be valued on the basis of the method of valuation determined by the Reserve Bank (at present being valued at a price not exceeding current market price).

19. "unencumbered approved securities" of a co-op. bank shall include its approved securities lodged with another institution for an advance or any other credit arrangement to the extent to which such securities have not been drawn against or availed of.

20. Gold to be valued at a price not exceeding the current market price.

 

Annex-X Computation of Demand and Time Liabilities for CRR & SLR

Definition of various terms used in Form-B & Form-I prescribed for Primary (Urban) Co-operative Banks

1.  'Banking System' comprises of –

(i)  State Bank of India

(ii) Nationalised Banks

(iii) Regional Rural Banks

(iv) Banking Companies as defined in clause (c) of Section 5 of the Banking Regulation Act, 1949. These include –

·         Private Sector Banks

·         Foreign Banks

Note: Foreign banks having no branch in India are not part of 'banking system'.

(v)  Co-operative banks as defined in clause (cci) of Section 56 of the Banking Regulation Act, 1949 (applicable to Scheduled UCBs for computation of DTL for CRR)

Note: Co-operative Land Mortgage / Development Banks are not part of ‘banking system’

(vi)  Any other financial institution 'notified' by the Central Government in this behalf.

2.  'Banking System' does not include the following -

(i)       EXIM Bank

(ii)     NABARD

(iii)    SIDBI

(iv)    IFCI

(v)     IIBI

3.  Net Liabilities

While computing liabilities for the purpose of CRR and SLR, the net liabilities of the bank to other banks in India in the 'banking system' shall be reckoned, i.e., assets in India with other banks in the 'banking system' will be reduced from total liabilities to the 'banking system'.

 

4.  Liabilities to the 'Banking System' include -

(i)       Deposits of the banks.

(ii)     Borrowings from Banks (Call Money / Notice deposits).

(iii)    Other miscellaneous items of liabilities to the Banks like Participation Certificates issued to banks, interest accrued on bank deposits, etc.

5.  Classification of Liabilities to the 'Banking System'

(i)       Liabilities of the bank to the 'banking system' are classified into two broad categories viz. 'Demand Liabilities' and 'Time Liabilities'.

(ii)     'Demand Liabilities' to the 'banking system' are further classified  as under:

(a)  Balances in current accounts of –

·   SBI

·   Nationalised Banks

(b)  Other demand liabilities comprising of –

1.         Balances in current accounts of –

·                  RRB

 

·                  Banking Companies i.e. Private Sector Banks and Foreign Banks

 

·                  Co-operative Banks (applicable to  Scheduled UCBs for computation of DTL for CRR)

·                  Other 'Notified' financial institutions

2.         Balances of overdue time deposits of above named banks.

3.         Participation Certificates payable on demand issued to banks.

4.         Interest accrued on deposits of banks (RRBs).*

5.         Call Money Borrowings from the banks

6.         Within the definition of 'banking system'

(iii)    Time liabilities to the 'banking system' include –

(a)  All types of time deposits from the banks

(b)  Certificates of deposits from the banks

 

(c)  Participation Certificates issued to banks which are not payable on demand

(d)  Interest accrued on time deposits / CDs of banks * Within the definition of 'banking system'

* If it is not possible to classify / segregate this amount from interest accrued on deposits, the aggregate interest accrued may be shown under 'Other Demand and Time Liabilities'.

6.  Assets with the 'Banking System'

 

(i)    Balances with 'banking system' in current accounts

 

(ii)  Balances with the banks and notified financial institutions in other accounts.

(iii) Money at call and short notice upto 14 days lent to banks and notified financial institutions, within the banking system

(iv) Loans other than money at call and short notice made available to the 'banking system'.

(v)  Any other amounts due from the 'banking system', like amount held by the bank with other banks (in transit or other accounts) under inter-bank remittance facility, etc.

7.  Classification of lending to and borrowing from FIs

 

(i)    Lending by the bank to the following financial institutions in the term money market cannot be reckoned as assets with the 'Banking System'. Hence, these borrowings cannot be netted against the liabilities towards the 'Banking System'.

·         EXIM Bank

·         NABARD

·         SIDBI

·         IFCI

·         IIBI

(ii)  The borrowing of the bank other than refinance from these financial institutions should form part of liabilities to others and therefore, form part of net demand and time liabilities for the purpose of reserve requirements.

 

8.  Classification of Certain items under Liabilities

 

(i)    Inter-Branch Accounts

(a)  Net balance in inter-branch account, when in credit, is to be shown under 'Other Liabilities and Provisions' which is included in total Demand and Time Liabilities for CRR and SLR purpose.

(b)  After 27.07.98, the bank should segregate the credit entries outstanding for more than five years in inter-branch account as 'Blocked Account' and show it under 'Others' under 'Other Liabilities and Provisions'. Thereafter, while arriving at net amount of inter- branch transactions for inclusion under 'Other Liabilities and Provisions' if in credit, or 'Other Assets' if in debit, the aggregate amount of 'Blocked Account' should be excluded and only the amount representing the remaining credit entries should be netted against debit entries. Thus, the balance in the 'Blocked Account' will be reckoned for the purpose of maintenance of CRR and SLR, even though the net of inter-branch entries is a debit balance.

 

(ii)  Margin Money on Bills Discounted / Purchased

 

The bank should follow uniform procedure in treating margin money on bills purchased/discounted as outside liabilities and should include it in other demand and time liabilities for the purpose of maintenance of reserve requirements.

 

(iii) Interest Accrued on Deposits

(a)  The interest accrued on all deposit accounts (such as, savings, fixed, recurring, cash certificates, reinvestment plans, etc.), by whatever name called, should be treated by the bank as its liability for the purpose of maintaining CRR and SLR irrespective of whether the accrued interest has become actually payable or is not payable till due dates for repayment of deposits.

(b)  The interest accrued on deposits should be classified under 'Other Demand and Time Liabilities'