Regulatory Alerts2026-06-19
Added · Updated
Reserve Bank of India (Urban Co-operative 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 Urban Co-operative Banks between June 19, 2026, and September 30, 2026, are exempt from Cash Reserve Ratio (CRR) maintenance. This exemption applies to original deposit amounts held in bank books and includes deposits renewed upon maturity, but excludes transfers from Non-Resident (Ordinary) (NRO) accounts to NRE accounts. The exemption takes effect from the reporting fortnight beginning July 16, 2026, and the directions come into force with immediate effect.
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