भारतीय �रज़वर् ब�क
_____________ RESERVE BANK OF INDIA_____________

www.rbi.org.in

RBI/DOR/2021-22/80 July 20, 2021
DOR.No.RET.REC.32/12.01.001/2021-22

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:

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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

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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.

1 Approved securities are commonly known as SLR securities
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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.

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);

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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

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(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

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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:

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

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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

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 :

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).

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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.

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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

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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.

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(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.

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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.

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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

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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

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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

16
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

17
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

18
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:-

19
(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:

20
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,

21
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

22
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.

23
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

24
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.

25
(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.

26
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.

Disclaimer: It is hereby advised that mere inclusion of any item in the above
Master Direction should not be construed as a permission to undertake all
such activities by a banking entity.

27
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 Circular No/ Mail Box Date Subject

No Clarification

1 DBOD.No.Ret.BC 149/C December Other Demand & Time Liabilities (ODTL)
236(G)-71 27, 1971

2 CPC.BC.69/279 (A)-84 October Data on maintenance of SLR -Supplemental
30,1984 information to the Special Return

3 DBOD.No.Leg.BC.34/C.23 March 23, Demand Liabilities, Time Liabilities, ODTL

3A-85 1985

4 DBOD.No.Ret.BC.40/C.23 March 27, Amount received from DICGC

6(G)Spl-86 1986

5 DBOD.No.Ret.BC. September Exclusion from NDTL - Receipt from ECGC,
98/C.96(Ret)-86 12, 1986 Insurance Company and Court Receiver

6 DBOD.No.BC.58/12.02.00 May 13, Margin money on bills discounted/purchased
1/94-95 1995

7 DBOD.No.BC.111/12.02.0 October 13, Borrowings from banks abroad-Maintenance

01/97 1997 of reserve requirement

8 DBOD.BC.89/12.01.001/ August 24 , Return in Form 'A'
98-99 1998

9 DBOD.No.IBS.BC.18/23.6 March 04, Import of Gold/Silver

7.001/97-98 1998

10 DBOD. March 14, Import of Gold
No.IBS.BC.1929/23.67.00 1998
1/97-98
July 21, Maintenance of CRR and SLR on Liabilities
11 DBOD.No.IBS.BC.72/23.6 1999 under Gold Borrowed from Abroad and Lent
7.001/99-2000 to
Jewellery Exporters in India for the purpose
of Exports

28
12 DBOD.No.IBS.BC.73/23.6 July 21, Notification
7.001/99-2000 1999

13 DBOD.No.IBS.BC.67/23.6 January 11, Gold Loans - Notional Rate for

7.001/2000-01 2001 Conversion for Reserve Requirement

Purpose

14 DBOD.No.BC.50/12.01.00 November Collection of Data from Scheduled

1/2000-01 07, 2000 Commercial Banks in Annex A and B

15 DBOD.No.BC.82/12.01.00 March 26, Maintenance of CRR-ACU Dollar Funds-

1/2001-2002 2002 Exemption of

16 DBOD.No.BC.87/12.02.00 April 10, Valuation of Securities for the purpose of
1/2001-2002 2002 SLR

17 DBOD.IBS.BC.88/23.13.0 March 27, Offshore Banking Units (OBUs) in Special
04/2002-03
2003 Economic Zones (SEZs)

18 RPCD.PLFS.BC.No.2/05.0 July 03, Capital Investment Subsidy Scheme for
2.02 (RG)/2003-04 2003 Construction/Renovation/Expansion of Rural
Godowns

19 DBOD.No.Ret.BC.14/12.0 August 21, Arrangements with correspondent banks for

1.001/2003-04 2003 remittance facilities

20 DBOD.BP.BC.57/21.01.00 January 25, Enhancement of Banks’ Capital Raising

2/2005-2006 2006 Options for Capital Adequacy Purposes

21 RPCD.SP.BC.No.06/09.01 July 07, Swarna Jayanti Swarozgar Yojana
.01/2006-07 2006

22 RBI/2006-2007/106 August 08, Section 42 (1) of the RBI Act, 1934
2006

23 DBOD.No.Ret.BC.82/12.0 April 20, Maintenance of Cash Reserve Ratio (CRR)
1.001/2006-07 2007

24 DBOD.No.Ret.BC.36/12.0 September Maintenance of SLR

2.001/2009-10 01, 2009

25 DBOD.No.Ret.BC.57/12.0 November Maintenance of CRR on exempted categories

1.001/2009-10 05, 2009

26 Mail Box Clarification November Apportionment of Savings Bank Deposits into
30, 2010 Demand and Time Portions

27 DBOD. May 09, Maintenance of SLR
No.Ret.BC.91/12.02.001/2 29
010-11 2011

28 DBOD.NO.Ret.BC.113/12. June 29, Section 42 of the RBI Act, 1934-Maintenance
01.001/2011-12 2012 of CRR on Foreign Currency (Non-Resident)
[FCNR (B)] Scheme

29 Mail Box Clarification August 17, Maintenance of CRR on FCNR (B) Scheme
2012

30 DBOD.No.Ret.BC.76/12.0 January 29, Section 42(1) of Reserve Bank of India Act,

1.001/2012-13 2013 1934-Maintenance of Cash Reserve Ratio

31 Mail Box Clarification April 25, Inclusion of Accrued Interest in the NDTL for
2013 maintenance of CRR/SLR

32 DBOD.No.Ret.BC.33/ July 17, Section 24 of the Banking Regulation Act,
12.02.001/2013-14 2013 1949 - Maintenance of SLR-Marginal
Standing Facility (MSF)

33 DBOD.No.Ret.BC.55/12.0 September Section 42(1) of the RBI Act, 1934 -Change
1.001/2013-14 20, 2013 in Daily Minimum Cash Reserve Maintenance
Requirement

34 DBOD.No.Ret.BC.93/12.0 January 31, Section 42(1) of RBI Act, 1934 and Section
1.001/2013-14 2014 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 July 15, Issue of Long Term Bonds by Banks –
.014/2014-15 2014 Financing of Infrastructure and Affordable
Housing

36 DBR.BP.BC.No.52/21.04. November Basel III Framework on Liquidity Standards –
098/2014-15 28, 2014 Liquidity Coverage Ratio (LCR), Liquidity
Risk Monitoring Tools and LCR Disclosure
Standards

37 DBR.Ret.BC.70/12.02.001 February Section 24 of the Banking Regulation Act,
/2014-15 03, 2015 1949 - Maintenance of SLR

38 DBR.No.Ret.BC.64/12.01. December Section 24 and Section 56 of the Banking
001/2015-16 10, 2015 Regulation Act, 1949 - Maintenance of
Statutory Liquidity Ratio (SLR).

30
(UBD/DCBR circulars)

Sr Circular No Date Subject
No
September Section 24 of the Banking Regulation Act, 1949
1 ACD.BR.474/A.12(2 27,1967 (As Applicable to Co-operative Societies) -
Maintenance of Liquid Assets
4)/67-8

2 ACD.BR.464/A.12(2 November Section 24 of the Banking Regulation Act, 1949

4)/68-9 12,1968 (As Applicable to Co-operative Societies) -

Maintenance of Percentage of Assets

3 ACD.BR.1196/B-1- April 12,1969 The Banking Regulation (Co-operative Societies)

68/9 Rules, 1966

4 ACD.BR.1005/B.1/7 April 02,1971 The Banking Regulation (Co-operative Societies)

0-71 Rules, 1966

5 ACD.BRL.612/C/71- January Register showing the Daily Position of Cash

2 24,1972 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- September The Banking Regulation (Co-operative Societies)

74-5 30,1974 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 January Banking Regulation Act, 1949 (As Applicable to

4) -84/85 08,1985 Co-operative Societies) - Section 24 - Investment

in Government and Other Trustee Securities by

Primary Co-operative Banks

8 UBD.BR.871/A.12(2 May 10,1985 Banking Regulation Act, 1949 (As Applicable to

4)-84/85 Co-operative Societies) - Section 24 - Investment

made under National Deposit Scheme

9 UBD.No.BR.1455/A May 31,1986 Banking Regulation Act, 1949 (As Applicable to

12(24)-85/86 Co-operative Societies) - Section 24 - Investment

in Units Issued by the Unit Trust of India

10 UBD.No.BR.35/A12 October Banking Regulation Act, 1949 (As Applicable to

(24)-86/87 18,1986 Co-operative Societies) - Sections 18 & 24 -

Computation of Demand and Time Liabilities

(DTL)

11 UBD.(SUB)BR.12/1 June 20,1988 Maintenance of Cash Reserve Ratio (CRR) under

6.26.00/97-98 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- September Inclusion of Select Primary Urban Co-operative
9-88/89 09,1988 Banks in the Second Schedule to the Reserve
Bank of India Act 1934
13 UBD.RBL.315/I- October
88/89 10,1988 Submission of Fortnightly Returns by Scheduled
Primary Co-operative Banks under Section 42(2)
of the Reserve Bank of India Act, 1934

31
14 UBD.No.RBL.835/I. March Grant of Scheduled Status to Urban Co-operative
88/89 27,1989 Banks - Computation of Cash Reserve and Liquid
Assets as well as Submission of various Statutory
15 UBD.BR.50/A.12(24 January Returns
)-89/90 18,1990 Section 24 of the Banking Regulation Act, 1949 -
Eligible Securities for the Purpose of Statutory
16 UBD.BR.19/A.6- March Liquidity Ratio - Kisan Vikas Patras and Fixed
89/90 10,1990 Deposits with Sardar Saroval Narmada Nigam
Ltd.
17 UBD.No.BR.103/A- August Netting Concept for Reserve Requirements -
9-90/91 22,1990 Dealings with Discount and Finance House of
August India Ltd. (DFHI)
18 UBD.No.BR.194/A.9 28,1990 Notification
-90/91 December
24,1990 Maintenance of Minimum Average Balance under
19 UBD.No.BR.107/A.9 December Section 42(1) of Reserve Bank of India Act, 1934
-90/91 24,1990
March Notification
20 UBD.BR.400/A.9- 04,1991
90-91 Maintenance of Minimum Average Balance under
Section 42(1) of Reserve Bank of India Act, 1934
21 UBD.BR.581/A.9-
90/91 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- May 29,1991 Section 42 of the Reserve Bank of India Act, 1934

9/90-91 - Maintenance of Cash Reserve Ratio (CRR)

23 UBD.BR.349/A.9- November Section 42 of the Reserve Bank of India Act, 1934
91/92 08,1991 - Maintenance of Cash Reserve Ratio (CRR)

24 UBD.No.BR.773/A.9 May 05,1992 Section 42 of the Reserve Bank of India Act, 1934

-91/92 - Maintenance of Cash Reserve Ratio (CRR)

25 UBD.No.RBL.125/i/ June 03,1992 Scheduled Primary Co-operative Banks -
91-92 Clarifications on Returns under Section 42(1) of
the Reserve Bank of India Act, 1934

26 UBD.No.BR.86/A.9/ October Section 42 of the Reserve Bank of India Act, 1934
92/93 09,1992 - Maintenance of Cash Reserve Ratio (CRR)

27 UBD.No.BR.72/A.12 May 12,1993 Maintenance of Cash Reserve and Statutory

(24)/92/93 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, July 14,1993 Section 42(1) of the Reserve Bank of India Act,

49/16.11.00/93-94 1934 - Returns in Form 'B' - Exempted Categories

of Deposits from Maintenance of Reserve

Requirements

29 UBD.No.155/16.26. January Section 18 & 24 of the Banking Regulation Act,

00/93-94 25,1994 1949 (As Applicable to Co-operative Societies) –

Penalty

32
30 UBD.No.Cir.(SUC)N February Maintenance of Liquid Assets under Section 24 of
o.158/16.26.00/93- 08,1994 the Banking Regulation Act (As Applicable to Co-
94 operative Societies) - Submission of Daily
Position along with Return in Form I

31 UBD.Cir February Maintenance of Cash Reserve and Statutory

(PCB)No.53/16.26.0 08,1994 Liquid Assets under Sections 18 and 24

0/93-94 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 July 22,1994 Maintenance of Cash Reserve Ratio and

0/94-95 Statutory Liquidity Ratio

33 UBD.No.BR.2/16.26 November Auction of Government Stock 2002, for which the

.00/94-95 24,1994 Payment is made in Instalments

34 UBD.BR.3/16.26.4/9 December Cash Balances Required to be Maintained by

4-95 13,1994 Scheduled Primary Co-operative Banks

35 UBD.BR.379/16.11. December Section 42(1) of the RBI Act, 1934 - Returns in
00/94-95 13,1994 Form 'B' - Exempted Categories of Deposits from
Maintenance of Reserve Requirements

36 UBD.No.BR.122/16. December Notification

11.00/94-95 13,1994

37 UBD.No.BR.35/16.0 December Netting Concept for Reserve Requirements -
4.00/94-95 31,1994 Dealings with Securities Trading Corporation of
India Limited (STCI)
38 UBD.No.CO.(Br).SU March
B.5/16.26.00/94-95 28,1995 Cash Balances Required to be Maintained by
Scheduled Primary Co-operative Banks

39 UBD.No.Cir.63/16.2 June 16,1995 Banking Regulation Act, 1949 (As applicable to

6.00/94-95 Co-operative Societies) - Section 24 - Investment

in Government and Other Approved Securities by

Primary Co-operative Banks

40 UBD.No.CO(BR)3/1 September Section 42 of the Reserve Bank of India Act, 1934

6.05.00/95-96 29,1995 - Cash Reserve Ratio (CRR) - Maintenance of

Minimum Level of 85 percent on a Daily Basis

41 UBD.No.BR.AD.1/1 November Cash Reserve Ratio (CRR) on Non-resident
6.11.00/95-96 02,1995 (Non-Repatriable) Rupee Deposit (NRNR)
Scheme
42 UBD.No.BR.SUB.2/ November Cash Reserve Ratio on Deposits under Non-
16.11.00/95-96 02,1995 Resident (External) Rupee Accounts (NRE
Accounts)
43 UBD.No.BR/130/16. November Notification
11.00/95-96 02,1995

44 UBD.No.BR.131/16. November Notification

11.00/95-96 02,1995

45 UBD.No.BR/AD/2/1 November Cash Reserve Ratio on Foreign Currency (Non-
6.11.00/95-96 11,1995 Resident) Accounts (Banks) Scheme

33
46 UBD.No.BR.132/16. November Notification
11.00/95- 11,1995
96

47 UBD.No.BR.AD- December Cash Reserve Ratio on Foreign Currency Non-
4/16.11.00/95-96 06,1995 Resident Accounts (Banks) FCNR(B) Scheme

48 UBD.No.BR.134/16. December Notification

11.00/95-96 06,1995

49 UBD.No.BR.Cir.33/ January Banking Regulation Act, 1949 (As applicable to
16.26.00/95-96 03,1996 Co-operative Societies) Section 24 - Investment
in Government and Other Approved Securities by
50 UBD.No.BR.AD- January Primary Co-operative Banks
5/16.11.00/95-96 03,1996
Cash Reserve Ratio (CRR) on Non-resident
51 UBD.No.BR.137/16. January (Non-Repatriable) Rupee Deposit (NRNR)
11.00/95-96 06,1996 Scheme and on Foreign Currency Non-Resident
Accounts (Banks) FCNR(B) Scheme

Notification

52 UBD.No.BR.136/16. January Notification
11.00/95-96 06,1996

53 UBD.No.BR.SUB.5/ April 03,1996 Cash Reserve Ratio on Deposits under Non-

16.11.00/95-96 Resident (External) Rupee Accounts (NRE

Accounts)

54 UBD.No.BR.139/16. April 03,1996 Notification

11.00/95-96

55 UBD.No.BR.70/16.0 June 29,1996 Netting Concept for Reserve Requirements -

4.00/95-96 Dealings with Primary Dealers

56 UBD.No.BR.AD/18/ April 15,1997 Section 42 (1A) of the Reserve Bank of India Act,

16.11.00/96-97 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. April 15,1997 Notification

11.00/96-97

58 UBD.No.BR.PCB.CI April 15,1997 Penal Rate of Interest on the Shortfalls in the

R.53/16.11.00/96- Maintenance of CRR/SLR

97

59 UBD.No.BR.SUB.12 April 15,1997 Section 42(1) of the Reserve Bank of India Act,

/16.11.00/96-97 1934 - Change of Cash Reserve Ratio on

Liabilities to the Banking System

60 UBD.BR.No.145/16. April 15,1997 Notification
11.00/96-97

61 UBD.No.BR.SUB.10 April 15,1997 Section 42 (1A) of the Reserve Bank of India Act,

/16.11.00/96-97 1934 - Cash Reserve Ratio (CRR) on Non-

Resident (External) Rupee Accounts (NRE

Accounts) Scheme

34
62 UBD.No.BR/143/16. April 15,1997 Notification
11.00/96-97

63 UBD.No.BR.16/16.0 November Section 42 of the Reserve Bank of India Act, 1934

4.00/97-98 06,1997 - Maintenance of Cash Reserve Ratio (CRR)

64 UBD.No.BR.PCB.CI November Penal Rate of Interest on the Shortfalls in the
R.17/16.11.00/97- 06,1997 Maintenance of CRR / SLR
98
December Section 42(1A) of the Reserve Bank of India Act,
65 UBD.No.BR.SUB.18 02,1997 1934 - Cash Reserve Ratio (CRR) on Non-
/16.11.00/97-98 Resident (External) Rupee Accounts (NRE)
December Accounts Scheme
66 UBD.No.BR.147/16. 02,1997 Notification
11.00/97-98

67 UBD.No.BR.AD.4/1 December Section 42(A) of the Reserve Bank of India Act,
6.11.00/97-98 02,1997 1934 - Cash Reserve Ratio (CRR) on Foreign
Currency Non-Resident Accounts (Banks)
68 UBD.BR.146/16.11. December [FCNR(B)] Scheme, Non-Resident (Non-
00/97-98 02,1997 Repatriable) Rupee Deposits (NRNR) Scheme
and Non-Resident (External) Rupee Accounts
(NRE Accounts) Scheme

Notification

69 UBD.No.BR.PCB.CI January Penal Rate of Interest on the Shortfall in the
R.36/16.11.00/97- 16,1998 Maintenance of CRR/SLR
98
March Penal Rate of Interest on the Shortfall in the
70 UBD.No.44/16.24.0 18,1998 Maintenance of CRR/SLR
0/97-98

71 UBD.No.BR.PCB.CI April 11,1998 Penal Rate of Interest on the Shortfall in the

R.51/16.26.00/97- Maintenance of CRR/SLR

98

72 UBD.No.BR.PCB.CI April 29,1998 Penal Rate of Interest on the Shortfall in the

R.52/16.26.00/97- Maintenance of CRR/SLR

98

73 UBD.No.(Cir)BR.60/ May 25,1998 Sections 18 and 24 of the B.R. Act, 1949 (AACS)

16.26.00/97-98 - Maintenance of Cash Reserve Ratio and

Statutory Liquidity Ratio and Submission of

Return in Form I

74 UBD.No.BR.PCB.CI March Penal Rate of Interest on the Shortfall in the

R.21/16.26.00/98- 01,1999 Maintenance of CRR/SLR

99

75 UBD.No.BSD- April 23,1999 Inter-branch Accounts - Old Outstandings Credit

I.28/12.05.01/98-99 Entries

76 UBD.No.BR.13A/16. October Section 42(1) of the Reserve Bank of India Act,
11.00/99-2000 29,1999 1934

77 UBD.No.BR.4/16.11 October Notification
.00/99-2000 29,1999

78 UBD.No.3/16.11.00 October Notification
0/99-2000 29,1999

35
79 UBD.No.CO.BR.6/1 April 27,2000 Cash balances required to be maintained by

6.26.00/99-2000 Scheduled Primary (urban) Co-operative Banks

80 UBD.No.BR.Cir/42/ April 19,2001 Banking Regulation Act, 1949 (As Applicable to

16.26.00/2000-01 Co-operative Societies) - Section 24 - Investment

in Government and other Approved Securities by

Urban Co-operative Banks (UCBs)

81 UBD.No.UBD.CO.B April 19,2001 Section 42 (1) of the Reserve Bank of India Act,

R.06/16.04.00/2000 1934 - Maintenance of Cash Reserve Ratio

-2001

82 UBD.No.BR.6/16.26 August Banking Regulation Act, 1949(AACS) Section 24 -

-00/2000-2001 09,2001 Investment in Government and Other approved

securities by Urban Co-operative Banks (UCBs)

83 UBD.BR.CIR.6/16.1 October Section 42(l) of Reserve Bank of India Act, 1934 -
1.00/2001-02 22,2001 Maintenance of Cash Reserve Ratio (CRR) by
Scheduled Primary (Urban) Co-operative Banks

84 UBD.BR.Cir.19/16.2 October Banking Regulation Act, 1949 (As Applicable to

6.00/2001-02 22,2001 Co-operative Societies) Section 24 - Investment

in Government and other approved securities by

Urban Co-operative Banks (UCBs)

85 UBD.BR.CIR.11/16. April 29,2002 Section 42(1) of Reserve Bank of India Act, 1934

11.00/2001-02 - Maintenance of Cash Reserve Ratio (CRR) by

Scheduled Primary (Urban) Co-operative Banks

86 UBD.BR.17/16.11.0 April 29,2002 Notification
0/2001-02

87 UBD.No.BR.Cir.12/ May 20,2002 Section 42(1) of Reserve Bank of India Act, 1934
16.11.00/2001-02 - Maintenance of Cash Reserve Ratio (CRR) by
Scheduled Primary (Urban) Co-operative Banks

88 UBD.No.BR.18/16.1 May 20,2002 Notification
1.00/2001/02

89 UBD.No.BR.7/16.11 December Section 42 of the RBI Act, 1934 - Payment of

.00/2002-03 12,2002 Interest on Eligible CRR Balances on Monthly

Basis

90 UBD.No.BP.Cir.10/1 April 29,2003 Section 42(1) of Reserve Bank of India Act, 1934

6.11.00/2002-03 - Maintenance of Cash Reserve Ratio (CRR) by

Scheduled Primary (Urban) Co-operative Banks

91 UBD.No.BP.23/16.1 April 29,2003 Notification
1.00.2002-03

92 UBD(PCB).Cir.No.3 February Banking Regulation Act 1949 (AACS) -

1/16.26.00/2005- 17,2006 Investments in Government and Other Approved

06 Securities by UCBs - Exemption under Section

24A

93 UBD.(PCB)Cir.No.5 June 22,2006 Section 42(1) of Reserve Bank of India Act, 1934

9/16.26.000/2005- - Maintenance of CRR

2006

94 UBD.(PCB)No.1327 June 22,2006 Notification

5/16.26.000//2005-

2006

36
95 UBD.PCB.Cir.No.60 June 22,2006 Maintenance of CRR on Exempted Categories

/16.26.000/2005-

2006

96 UBD (PCB) June 22,2006 Notification

No.13276/16.26.000

/2005-2006

97 UBD.(PCB- August Section 42(1) of Reserve Bank of India Act, 1934
)Cir.No.6/16.26.000/ 16,2006 - Maintenance of CRR
2006-2007

98 UBD(PCB)Cir.No.22 December Section 42(1) of Reserve Bank of India Act, 1934-
/16.26.000/2006- 11,2006 Maintenance of CRR
2007
December NOTIFICATION on CRR
99 UBD (PCB) 11,2006
No.22/16.26.000/20
06-2007

100 UBD(PCB)No.2/12. February Section 42(1) of Reserve Bank of India Act, 1934
03.000/2006-07 14,2007 - Maintenance of CRR
NOTIFICATION on CRR
101 UBD(PCB) February
No.2/12.03.000/200 14,2007 Maintenance of Cash Reserve Ratio (CRR) on
6-07 Exempted Categories
March NOTIFICATION on Maintenance of Cash Reserve
102 UBD(PCB)Cir.No.4/ 01,2007 Ratio (CRR) on Exempted Categories
12.03.000/2006-07
March
103 UBD(PCB)No/4/12. 01,2007
03.000/2006-07

104 UBD March Section 42(1) of Reserve Bank of India Act, 1934
(PCB).No./3/12.03.0 01,2007 - Maintenance of Cash Reserve Ratio (CRR)
00/2006-07

105 UBD March NOTIFICATION on Maintenance of Cash Reserve
(PCB).No.3/12.03.0 01,2007 Ratio (CRR)
00/2006-07

106 UBD April 05,2007 Section 42(1) of Reserve Bank of India Act, 1934

(PCB).No./5/12.03.0 - Maintenance of Cash Reserve Ratio (CRR)

00/2006-07

107 UBD(PCB)No./5/12. April 05,2007 NOTIFICATION on Maintenance of Cash Reserve

03.000/2006-07 Ratio (CRR)

108 UBD.(PCB).Cir.No./ April 25,2007 Maintenance of Cash Reserve Ratio (CRR) on

6/12.03.000/2006- Exempted Categories

07

109 UBD April 25,2007 Section 42(1) of Reserve Bank of India Act, 1934

(PCB).No./7/12.03.0 - Maintenance of Cash Reserve Ratio (CRR)

00/2006-07

110 UBD July 31,2007 Section 42(1) of Reserve Bank of India Act, 1934
(PCB).No.9/12.03.0 - Maintenance of Cash Reserve Ratio (CRR)
00/2007-08

111 UBD (PCB) No. July 31,2007 NOTIFICATION on Maintenance of Cash Reserve
9/12.03.000/2007- Ratio (CRR)
08
37
112 UBD(PCB).No./3/12 November Section 42(1) of Reserve Bank of India Act, 1934

.03.000/2007-08 11,2007 - Maintenance of Cash Reserve Ratio (CRR)

113 UBD(PCB) November NOTIFICATION on Maintenance of Cash Reserve
No./10/12.03.000/20 11,2007 Ratio (CRR)
07-08

114 UBD(PCB).No./4/12 April 22,2008 Section 42(1) of Reserve Bank of India Act, 1934

.03.000/2007-08 - Maintenance of Cash Reserve Ratio (CRR)

115 UBD(PCB)No/11/12 April 22,2008 NOTIFICATION on Maintenance of Cash Reserve
.03.000/2007-08 April 30,2008 Ratio (CRR)
April 30,2008
116 UBD(PCB).No./5/12 Section 42(1) of Reserve Bank of India Act, 1934
.03.000/2007-08 - Maintenance of Cash Reserve Ratio (CRR)

117 UBD(PCB)No/12/12 NOTIFICATION on Maintenance of Cash Reserve
.03.000/2007-08 Ratio (CRR)

118 UBD(PCB).No./6/12 June 26,2008 Section 42(1) of Reserve Bank of India Act, 1934

.03.000/2007-08 - Maintenance of Cash Reserve Ratio (CRR)

119 UBD(PCB)No/13/12 June 26,2008 NOTIFICATION on Maintenance of Cash Reserve

.03.000/2007-08 Ratio (CRR)

120 UBD.BPD(PCB)Cir. July 11,2008 Balances held by UCBs with IDBI Bank Limited -
No.3/12.05.001/200 Treatment for CRR / SLR Purpose
8-09 July 31,2008
Section 42(1) of Reserve Bank of India Act, 1934
121 UBD(PCB).No./1/12 July 31,2008 - Maintenance of Cash Reserve Ratio (CRR)
.03.000/2008-09 NOTIFICATION on Maintenance of Cash Reserve
September Ratio (CRR)
122 UBD(PCB)No/1/12. 30,2008 Treatment of Deposits with DCCB / SCB as SLR
03.000/2008-09 October
07,2008 Section 42(1) of Reserve Bank of India Act, 1934
123 UBD.CO.BPD.(PCB - Maintenance of Cash Reserve Ratio (CRR)
).No.20/12.05.001/2
008-09

124 UBD
(PCB).No./4/12.03.0
00/2008-09

125 UBD(PCB)No/2/12. October NOTIFICATION on Maintenance of Cash Reserve
03.000/2008-09 07,2008 Ratio (CRR)

126 UBD(PCB).No./5/12 October Section 42(1) of Reserve Bank of India Act, 1934
.03.000/2008-09 10,2008 - Maintenance of Cash Reserve Ratio (CRR)

127 UBD(PCB)No/3/12. October NOTIFICATION on Maintenance of Cash Reserve
03.000/2008-09 10,2008 Ratio (CRR)

128 UBD.(PCB).No./7/1 October Section 42(1) of Reserve Bank of India Act, 1934
2.03.000/2008-09 16,2008 - Maintenance of Cash Reserve Ratio (CRR)

129 UBD(PCB)No/6/12. October NOTIFICATION on Maintenance of Cash Reserve
03.000/2008-09 16,2008 Ratio (CRR)

130 UBD(PCB)CO.BPD. November Banking Regulation Act, 1949 (As Applicable to
Cir.No.28/16.26.00/ 26,2008 Co-operative Societies) Section 24 - Investment
2008-09 in Government and Other approved Securities by
Urban Co-operative Banks (UCBs)

38
131 UBD.PCB.10/16.26. November Notification on Banking Regulation Act 1949
000/2008-2009 26,2008 (AACS) - Investments in Government and Other
Approved Securities by UCBs - Exemption under
132 UBD.(PCB).No./9/1 January Section 24A
2.03.000/2008-09 05,2009
Section 42(1) of Reserve Bank of India Act, 1934
- Maintenance of Cash Reserve Ratio (CRR)

133 UBD.(PCB).No/12/1 January NOTIFICATION on Maintenance of Cash Reserve
2.03.000/2008-09 05,2009 Ratio (CRR)

134 UBD.(PCB).Cir.No.3 January Banking Regulation Act 1949 (AACS) -
7/16.26.000/2008- 21,2009 Investments in Government and Other Approved
09 Securities by UCBs - Exemption under Section
January 24A
135 UBD.BPD.(PCB).Cir 29,2009 Balances held by UCBs with IDBI Bank Limited -
.No.41/12.05.001/20 Treatment for CRR / SLR Purpose
08-09 November
09,2009 Maintenance of Cash Reserve Ratio (CRR) on
136 UBD.(PCB).Cir.No.1 Exempted Categories
/12.03.003/2009-10

137 UBD.(PCB).No/1/12 February UCBs - Section 42(1) of Reserve Bank of India
.03.000/2009-10 01,2010 Act, 1934 - Maintenance of Cash Reserve Ratio
(CRR)
138 UBD.(PCB).No./2/1 February
2.03.000/2009-10 01,2010 Notification on Maintenance of Cash Reserve
Ratio (CRR)

139 UBD.(PCB).No./3/1 April 21,2010 Section 42(1) of Reserve Bank of India Act, 1934

2.03.000/2009-10 - Maintenance of Cash Reserve Ratio (CRR)

140 UBD.(PCB).No./2/1 April 21,2010 Notification on Maintenance of Cash Reserve

2.03.000/2009-10 Ratio (CRR)

141 UBD.BPD.(PCB).CI January Section 42(1) of Reserve Bank of India Act, 1934
R.No.2/12.03.000/2 25,2012 - Maintenance of Cash Reserve Ratio (CRR)
011-12
January Notification on Maintenance of Cash Reserve
142 UBD.BPD.(PCB).DI 25,2012 Ratio (CRR)
R.No.6/12.03.000/2
011-12 March Section 42(1) of Reserve Bank of India Act, 1934
09,2012 - Maintenance of Cash Reserve Ratio (CRR)
143 UBD.BPD.(SCB).Cir
.No.3/12.03.000/201 March Notification on Maintenance of Cash Reserve
1-12 09,2012 Ratio (CRR)

144 UBD.BPD.(SCB).
DIR.No.7/12.03.000
/2011-12

145 UBD.BPD.(SCB).CI September Section 42(1) of Reserve Bank of India Act, 1934
R.No.1/12.03.000/2 17,2012 - Maintenance of Cash Reserve Ratio (CRR)
012-13
September Notification on Maintenance of Cash Reserve
146 UBD.BPD.(SCB).DI 17,2012 Ratio (CRR)
R.No.2/12.03.000/2
012-13 October Section 42(1) of Reserve Bank of India Act, 1934
30,2012 - Maintenance of Cash Reserve Ratio (CRR)
147 UBD.BPD.(SCB).CI
R.No.2/12.03.000/2 October Notification on Maintenance of Cash Reserve
012-13 30,2012 Ratio (CRR)

148 UBD.BPD.(SCB).No
.3/12.03.000/2012-

39
13

149 UBD.BPD.(SCB).CI January Section 42(1) of Reserve Bank of India Act, 1934
R.No.3/12.03.000/2 30,2013 - Maintenance of Cash Reserve Ratio (CRR)
012-13
January Notification on Maintenance of Cash Reserve
150 UBD.BPD.(SCB).No 30,2013 Ratio (CRR)
.4/12.03.000/2012-
13 July 24,2013 Section 42(1) of the Reserve Bank of India Act,
1934 - Change in Daily Minimum Cash Reserve
151 UBD.BPD.(SCB).CI Maintenance Requirement
R.No.1/12.03.000/2
013-14

152 UBD.BPD.(PCB).CI August Section 42(1) of the Reserve Bank of India Act,

R.No.5/13.01.000/2 27,2013 1934 and Section 18 and 24 of the Banking

013-14 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 September Section 42(1) of Reserve Bank of India Act, 1934

R.No.2/12.03.000/2 20,2013 - Change in Daily Minimum Cash Reserve

013-14 Maintenance Requirement

154 UBD.BPD.(PCB).Cir June 05,2014 The Banking Laws (Amendment) Act 2012 -

.No.68/16.26.000/20 Amendments to Section 18 & 24 of Banking

13-14 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 June 05,2014 Notification on The Banking Laws (Amendment)

t.No.1/16.26.000/20 Act 2012 - Amendments to Section 18 & 24 of

13-14 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 June 05,2014 Notification on The Banking Laws (Amendment)

t.No.2/16.26.000/20 Act 2012 - Amendments to Section 18 & 24 of

13-14 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 June 11,2014 Section 42(1) of the Reserve Bank of India Act,

.No.72/13.01.000/20 1934 and Section 18 & 24 of the Banking

13-14 Regulation Act, 1949 (AACS) - FCNR (B) / NRE

Deposits - Exemption from Maintenance of CRR /

SLR and Exclusion from ABC for Priority Sector

Lending

40
(RPCD Circulars)

S.No. Date of circular Subject Matter
The Reserve Bank of India Act, 1934 - Section 42(2)
1 RPCD.No.CRRB.403/G.83- and the Reserve Bank of India Scheduled Banks
Regulations, 1951 - Regulation 6 -
84 dated Modifications of Form 'B' (Form of weekly statement to
be submitted by a Scheduled state Co-operative Bank to
August 5, 1983 the Reserve Bank of India)
Submission of Weekly Returns in Form 'B' to the
2 RPCD.No.CRRB.1266/G.1- Reserve Bank of India by Non-scheduled State Co-
operative Banks
83/84 dated The Reserve Bank of India Act, 1934 - Section 42(2)
and the Reserve Bank of India
November 17, 1983 Scheduled Banks' Regulations, 1951 - Regulation 6 -
Modifications in Form 'B'
3 RPCD.No.CRRB.1340/G.83- (Form of Weekly Statement to be Submitted by a
Scheduled State Co-operative Bank to the Reserve
84 dated Bank of India)
Maintenance of Minimum Average Daily Balance under
November 24, 1983 Section 42 (1) of the Reserve Bank of India Act, 1934

4 RPCD.No.CRRB.3634/A.20( Maintenance of Cash Reserve Ratio (CRR) and
Statutory Liquidity Ratio (SLR)
24)-83/84 dated

May 18, 1984

5 RPCD.No.CRRB.985/324-

84/85 dated

November 23, 1984

6 RPCD.No.RF.367/A.6-85 Amendments to the Reserve Bank of India Scheduled
dated March 11, 1985 Banks Regulations , 1951

7 RPCD.No.BC.41/07.02.01/9 Section 42 of the Reserve Bank of India Act, 1934 -

5-96 Cash Reserve Ratio (CRR) -

dated September 29, 1995 Maintenance of Minimum Level of 85 Per cent on a Daily

Basis

8 RPCD.STAT.No.BC.34/11.0 Section 42 (2) of Reserve Bank of India Act, 1934 -

2.01/98-99 dated November Return in Form

10, 1998 'A' for RRBs and Form 'B' for Scheduled State Co-

operative Banks

9 RPCD.No.RF.BC.44/07.02.0 Section 42(1) of the Reserve Bank of India Act, 1934

1/99-2000 dated

December 08, 1999

10 RPCD.No.RF.BC.87/07.02.0 Maintenance of Cash Reserve Ratio (CRR) and

3/99-2000 dated Statutory Liquidity Ratio (SLR)

May 03, 2000

11 RPCD.No.RF.BC.75/07.02.0 Section 42(1) of the Reserve Bank of India Act, 1934 -

1/2000-01 dated Maintenance of Cash Reserve Ratio (CRR) - Relaxation

April 19, 2001 in Daily Minimum Cash Reserve Ratio Maintenance

41
Requirement

12 RPCD.Cir.RF.BC.49/07.02.0 Section 42(1) of Reserve Bank of India Act, 1934 -

5/2001-02 dated Maintenance of

December 31, 2001 Cash Reserve Ratio (CRR) by Scheduled State Co-

operative Banks

13 RPCD.RF.BC.59/07.02.01/2 Section 42(1) of RBI Act 1934 - Maintenance of Cash

001-2002 dated January Reserve Ratio (CRR) by

30, 2002 Scheduled State Co-operative Banks

(Sch.SCBs)/Regional Rural Banks (RRBs)

14 RPCD.No.RF.BC.35/07.02.0 Section 42(1) of the Reserve Bank of India Act,1934 -

1/2002-03 dated Maintenance of Cash Reserve Ratio (CRR) -

October 29, 2002 Changes in Daily Minimum CRR Maintenance

Requirement

15 RPCD.CO.No.RF.BC.55/7.0 Section 42(1) of the Reserve Bank of India Act, 1934 -

2.01/2002-03 dated Maintenance of Cash Reserve Ratio (CRR) -

December 26, 2002 Changes in Daily Minimum CRR - Maintenance

Requirement

16 RPCD.CO.RF.BC.53/07.02.0 Maintenance of CRR / SLR on Transaction in

1/2005-06 dated Collateralised Borrowing and Lending Obligation (CBLO)

December 8, 2005

17 RPCD.RF.BC.93/07.02.01/2 Section 42(1) of Reserve Bank of India Act, 1934 -

005-2006 dated Maintenance of CRR

June 22, 2006

18 RPCD.RF.BC.94/07.02.01/2 Maintenance of CRR on Exempted Categories

005-2006 dated

June 22, 2006

19 RPCD.RF.BC.17/07.02.01/2 Section 42 (1) of Reserve Bank of India Act, 1934 -

006-07 dated August 11, Penalties on Default in Maintenance of Cash Reserve

2006 Ratio (CRR)

20 RPCD.RF.BC.54/07.02.01/2 Section 42(1) of Reserve Bank of India Act, 1934 -

006-07 dated March 02, Maintenance of Cash Reserve Ratio (CRR)

2007

21 RPCD.CO.RF.BC.No.64/07. Section 42 (1) of RBI Act, 1934 - Maintenance of Cash

02.01/2006-07 dated April 4, Reserve Ratio (CRR)

2007

22 RPCD.CO.RF.BC.No.75/07. Section 42(1) of Reserve Bank of India Act, 1934 -

02.01/2006-07 dated April Maintenance of Cash Reserve Ratio (CRR)

24, 2007

23 RPCD.CO.RF.BC.No.77/07. Maintenance of Cash Reserve Ratio (CRR) on
02.01/2006-07 dated April Exempted Categories
24, 2007

42
24 RPCD.CO.RRB/RCB.BC.No. Section 42(1) of the Reserve Bank of India Act, 1934,

83/03.05.33/2013-14 dated Section 24 of Banking Regulation Act 1949 and

February 11, 2014 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 The Banking Laws (Amendment) Act 2012 -

1.020/2013-14 dated June 5, Amendments to

2014 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. Banking Laws (Amendment) Act, 2012 - Amendments to

020/2014-15 dated July 21, Sections 18 & 24

2014 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. Section 42 (1) of the Reserve Bank of India Act, 1934-

61/ 03.05.33/ 2012-13 dated Maintenance of CRR

January 29, 2013

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

43
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

44
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

45
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. .
46
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.

47
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.

48
Annex A

Name of the Bank:

(Amount in Rupees rounded off to the nearest thousand)

Items Outstanding Revaluation Interest
1 at value

Book value 3 4
2

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.3.1Short-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

49
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
50
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)
51
Annex B

Name of the Bank:

(Amount in Rupees rounded off to the nearest thousand)

Items Outstanding at Revaluation
1 book value value
3
2

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

52
II.4.2 Private Corporate Sector 2.(Designation)
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)

53
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 Second Third

alternate alternate alternate

Friday@ Friday@ 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

54
(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

55
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

56
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
57
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)

58
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

59
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

60
(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)

61
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

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

62
FORM I

Annex - IV

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

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 Second Third
Alternate Alternate Alternate

Friday Friday Friday
(Date) (Date) (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$

63
Total of I Information need

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

64
Compliance with Section 18 not be furnished
(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 $$

65
(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)

Total of XIV

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.

66
$ 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.

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

67
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)

Amount of Cash Reserve

Date Required to be Actually Deficit Surplus Remarks
maintained 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

68
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.

69
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 Net Value for
1. Held SLR Purpose (2-

3)

Part I 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)

70
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)

Amount of Liquid Assets

Date Required to be Actually Deficit Surplus Remarks
maintained maintained

1 2 3 4 5 6 7

1

2

3

4

5

6

7

8

9

10

11

12

13

14

71
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.

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

72
Annex – VIII

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 …]

(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 73
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) 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 ++

74
(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

75
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

76
(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

77
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

78
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

79
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;

80
(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.

81
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'.

82
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

83
(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

84
(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'

85