Regulatory Alerts2026-06-19
Added · Updated
Reserve Bank of India (Rural Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Third Amendment Directions, 2026
Fresh Non-Resident (External) Rupee (NRE) term deposits of tenor of three years or more mobilized by Rural Co-operative Banks between June 19, 2026, and September 30, 2026, are exempt from maintenance of Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR). This exemption applies to original deposit amounts held in bank books, including deposits renewed upon maturity, but excludes transfers from Non-Resident (Ordinary) (NRO) accounts to NRE accounts. The exemption from CRR maintenance begins from the reporting fortnight starting July 16, 2026, based on the Net Demand and Time Liabilities (NDTL) computation as of June 30, 2026. These provisions modify the Reserve Bank of India (Rural Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025, and come into force with immediate effect.
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