Regulatory Alerts2026-06-19
Reserve Bank of India (Urban Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Third Amendment Directions, 2026
The Reserve Bank of India issued the Third Amendment Directions, 2026, to exempt specific Non-Resident External Rupee term deposits from Cash Reserve Ratio and Statutory Liquidity Ratio maintenance requirements. This exemption applies to fresh NRE deposits with a tenor of three years or more mobilized by Urban Co-operative Banks between June 19, 2026, and September 30, 2026, including those renewed upon maturity. The directions modify the 2025 Directions to include this new exemption clause, which becomes effective immediately upon issuance.
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