Regulatory Alerts2026-06-19
Added · Updated
Reserve Bank of India (Commercial Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Third Amendment Directions, 2026
Fresh Non-Resident (External) Rupee (NRE) term deposits with a tenor of three years or more, mobilized by banks between June 19, 2026, and September 30, 2026, are exempt from Cash Reserve Ratio (CRR) maintenance. This exemption applies to the original deposit amounts while held in bank books, including deposits renewed upon maturity, but excludes transfers from Non-Resident (Ordinary) (NRO) accounts. The exemption takes effect from the reporting fortnight beginning July 16, 2026, based on the Net Demand and Time Liabilities (NDTL) computation as on June 30, 2026. The directions modify the Reserve Bank of India (Commercial Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025, by inserting new sub-paragraphs and updating reporting forms.
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