Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: due date for vat payment :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: VAT RATES :: cpt :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: form 3cd :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: list of goods taxed at 4%
 
 
Corporate Law »
 Meaning and Scope of ‘Supply’ – Comparative view under Revised Model GST Law vis-à-vis Earlier Model GST Law
 Tax Tribunal issues order against a law firm for forum shopping
 Input Tax Credit under the GST Law
 Tax Return Preparer Under Model ‘gst’ Law
 India unveils first-ever comprehensive draft anti-human trafficking law
 Recent Case Laws On Reverse Charge Mechanism
 The Companies (Auditor S Report) Order, 2016
 Decision to amend Income Tax law retrospectively regrettable
 Times guide to corporate tax
 Clearer interpretation of tax laws needed
 What the proposed corporate law changes mean for retail investors

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
July, 22nd 2014

RBI/2014-15/139
RPCD.RCB.BC.No.16/07.51.020/2014-15

July 21, 2014

All State and Central Cooperative Banks (StCBs/CCBs)

Dear Sir/ Madam,

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

Please refer to our circular RPCD.RCB. BC No.110/07.51.020/2013-14 dated June 5, 2014 in terms of which all StCBs/CCBs are required to maintain SLR in the form and manner as specified in the Notification RPCD.RCB.BC.No.109 /07.51.020/2013-14 dated June 5, 2014. StCBs/CCBs had been given time upto March 31, 2015 for complying with the instructions mentioned in the said Notification.

2. On a review, it has been decided to extend this period and a roadmap for maintenance of SLR in the form of approved securities on NDTL as on July 25, 2014, in a phased manner, by StCBs/CCBs as under is advised:

Date

Investment in approved securities as percentage of 
NDTL as on July 25, 2014

March 31, 2015

5%

March 31, 2016

10%

March 31, 2017

Entire SLR as may be prescribed by RBI on that date

3. In the interim period, balances maintained by CCBs with the StCB of the State concerned and term deposits held by StCBs/CCBs with Public Sector Banks will be considered eligible for being reckoned for SLR purpose upto March 31, 2017.

4. SLR on incremental NDTL over the level as on July 25, 2014 has to be maintained by StCBs/CCBs in the form of approved securities.

5. A copy of the relative notification RPCD.RCB.BC.No.15/07.51.020/2014-15 dated July 21, 2014 is enclosed.

Yours faithfully,

(A.G. Ray)
General Manager


RPCD.RCB.BC.No. 15 /07.51.020/2014-15

July 21, 2014

NOTIFICATION

In exercise of the powers conferred by sub-section (2A) of section 24 of the Banking Regulation Act, 1949 (10 of 1949) read with section 56 thereof, the Reserve Bank of India specifies that the investments referred to in para 2 of the notification RPCD.RCB.BC.No.109 /07.51.020/2013-14 dated June 5, 2014 shall be deemed to be assets for the purpose of calculating the percentage of SLR specified in the said Notification, till March 31, 2017. SLR on incremental NDTL over the level as on July 25, 2014 shall be maintained by StCBs/CCBs in the form of approved securities. SLR investments on NDTL as on July 25, 2014 shall be phased out as per the transition path specified in the circular RPCD. RCB. BC.No. 16 /07.51.020/2014-15 dated July 21, 2014.

(Dr.Smt. Deepali Pant Joshi)
Executive Director

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions