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भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
RBI/DOR/2025-26/150
DOR.RET.REC.69/12-01-001/2025-26 November 28, 2025
Reserve Bank of India (Commercial Banks – Cash Reserve Ratio and Statutory
Liquidity Ratio) Directions, 2025
Table of Contents
Chapter I - Preliminary ........................................................................................................ 2
Chapter II - Cash Reserve Ratio (CRR) ............................................................................... 9
Chapter III - Statutory Liquidity Ratio (SLR) .................................................................. 14
Chapter IV - Procedure for computation of SLR............................................................ 18
Chapter V - Reporting ..................................................................................................... 19
Chapter VI - Penalties ...................................................................................................... 22
Chapter VII - Repeal And Other Provisions .................................................................... 24
Annex I ................................................................................................................................. 26
Annex II ................................................................................................................................ 34In exercise of the powers conferred by Section 35A of the Banking Regulation Act,
1949 and pursuant to Section 42 of the Reserve Bank of India Act, 1934 and Sections
18 and 24 of Banking Regulation Act, 1949, as amended from time to time, and all
other provisions / laws enabling the Reserve Bank of India (hereinafter referred as the
‘RBI’ or ‘Reserve Bank’) in this regard, the RBI being satisfied that it is necessary and
expedient in the public interest so to do, hereby, issues the Directions hereinafter
specified.
Chapter I - Preliminary
A. Short Title and Commencement
1. These Directions shall be called the Reserve Bank of India (Commercial Banks –
Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025.
2. These Directions shall come into force with immediate effect.
B. Applicability
3. These Directions shall be applicable to Commercial Banks (hereinafter collectively
referred to as 'banks' and individually as a 'bank').
For the purpose of these Directions, ‘Commercial Banks’ means banking companies
(other than Small Finance Banks, Local Area Banks and Payments Banks),
corresponding new banks, and the State Bank of India, as defined respectively under
clauses (c), (da) and (nc) of section 5 of the Banking Regulation Act,1949.
4. The maintenance of Cash Reserve Ratio (CRR) shall be reported to the RBI under
the statutory return Form A.
5. The maintenance of Statutory Liquidity Ratio (SLR) shall be reported to the RBI
under the statutory return Form VIII.
C. Definitions
6. In these Directions, unless the context otherwise requires, the terms herein shall
bear the meaning assigned to them below:
(1) ‘Aggregate Deposits’ shall mean aggregation of demand and time deposits.
(2) ‘Apportionment of Saving Bank Account into demand liability and time liability’: a
bank shall undertake the apportionment of Saving Bank Account into demand liability
and time liability as per the following procedure:
2(i) A bank is required to calculate the proportion of its savings bank deposits as at
the close of business on March 31 and September 30, into demand and time
liabilities in terms of Regulation 7 of The Reserve Bank of India Scheduled
Banks’ Regulations, 1951.
(ii) 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 average of the actual balances
maintained during the half year period, the difference would represent the
"demand liability" portion.
(iii) 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.
(3) ‘Approved Securities/SLR securities’: Following securities shall be considered as
approved securities (approved securities are commonly known as SLR securities):
(i) Dated securities of the Government of India issued from time to time under the
market borrowing programme and the Market Stabilization Scheme;
(ii) Treasury Bills of the Government of India;
(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).
Explanation:
(a) For Form A Return and its Annex, a bank should report the total investment
in approved securities as per its investment book i.e. including encumbered
securities.
(b) For SLR purpose, only unencumbered portion of investment in approved
securities would 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:
i. 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;
ii. Securities offered as collateral to the Reserve Bank for availing
3liquidity assistance from Marginal Standing Facility (MSF) up to the
permissible percentage of the total Net Demand and Time Liabilities
(NDTL) in India, carved out of the required SLR portfolio of the bank
concerned;
iii. Securities offered as collateral to the Reserve Bank for availing
liquidity assistance under Facility to Avail Liquidity for Liquidity
Coverage Ratio (FALLCR); and
iv. Securities acquired by banks under RBI-LAF and market repo
transactions.
(4) ‘Assets with Banking System’ shall:
(i) 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.
(ii) 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.
(5) ‘Average daily balance’ means average of the balances held at the close of
business on each day of a fortnight.
(6) ‘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)}.
(7) ‘Banking System’ or ’Bank/s’ wherever it appears in the prescribed Form A
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) of the Reserve Bank of India
Act, 1934.
(8) ‘Cash’ to be maintained by Scheduled Commercial Banks (SCBs) shall include,
(i) cash in hand,
(ii) the net balance in current accounts with other scheduled commercial banks in
India.
4(iii) 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;
(iv) 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);
(v) any balances held by a bank with the RBI under the Standing Deposit Facility
(SDF).
(9) ‘Cash in India / Cash in 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 the 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 the bank’s ATM and / or is not
reflected on the bank’s books.
(10) ‘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).
(11) ‘Deemed Cash’ shall be cash held in India for the purpose of SLR maintenance
and shall consist of the following:
(i) Cash in hand as defined in paragraph 6(9) of these Directions.
(ii) 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.
(iii) 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);
(iv) Net balance in current accounts with other SCBs in India.
(v) any balances held by a bank with the RBI under the Standing Deposit Facility
(SDF).
(12) ‘Demand Deposit’ shall mean a deposit received by the bank which is
withdrawable on demand and shall include current deposits, demand portion of
5savings deposits, credit balances in overdrafts, cash credit accounts, deposits payable
at call, overdue deposits, cash certificates, etc.
(13) ‘Demand Liabilities’ shall mean liabilities of a bank which are payable on demand
and shall include the following:
(i) current deposits,
(ii) demand liabilities portion of savings bank deposits,
(iii) margins held against letters of credit / guarantees,
(iv) balances in overdue fixed deposits, cash certificates and cumulative / recurring
deposits,
(v) outstanding Telegraphic Transfers (TTs), Mail Transfers (MTs), Demand Drafts
(DDs),
(vi) unclaimed deposits,
(vii) credit balances in the Cash Credit account,
(viii) 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.
(14) ‘Fortnight’ means the period from Saturday, following a reporting Friday, to the
second following Friday, both days inclusive.
(15) ‘Investment in India’ shall consist of investment in approved government
securities and other approved securities (as explained below). These shall include
both encumbered and unencumbered securities as per the bank’s investment book.
(Except securities acquired by banks under RBI-LAF and market repo).
(16) ‘Investment in India in other Government Securities’ shall mean Investment in
Government securities which are not approved securities (such as SDLs issued as
UDAY bonds).
(17) ‘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.
(18) ‘Marginal standing facility’ shall 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,
6up to a certain percent of their respective NDTL outstanding at the last Friday of the
second preceding fortnight. The rate of interest under MSF will be above the LAF repo
rate, as decided by the RBI from time to time.
(19) ‘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.
(20) ‘Net balance in current accounts’ shall have the same meaning assigned in
explanation (c) to Section 18 of the Banking Regulation Act, 1949.
(21) ‘Other Approved Securities’ shall mean Government Securities, other than the
securities mentioned in paragraph 6(3) above, subject to the condition that they are
notified as approved securities.
(22) ‘Other Demand and Time Liabilities (ODTL)’ shall include the following:
(i) 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.
(ii) 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 gold borrowed by
banks from abroad. 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).
(iii) Borrowings through instruments qualifying for Upper Tier 2 and Tier 2 capital.
Explanation:
(a) 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'.
7(b) 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.
(23) ‘Scheduled Bank’ means a bank included in the Second Schedule to the Reserve
Bank of India Act, 1934.
(24) ‘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;
(25) ‘Time Deposits’ shall mean deposits other than demand deposits.
(26) ‘Time Liabilities’ of a bank shall include those liabilities which are payable
otherwise than on demand and shall include the following:
(i) fixed deposits,
(ii) cash certificates,
(iii) cumulative and recurring deposits,
(iv) time liabilities portion of savings bank deposits,
(v) staff security deposits,
(vi) margin held against letters of credit, if not payable on demand,
(vii) deposits held as securities for advances which are not payable on demand,
(viii) gold deposits.
(27) 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.
8Chapter II - Cash Reserve Ratio (CRR)
A. Cash Reserve Ratio (CRR)
7. Every bank shall maintain in India by way of cash reserve, a sum equivalent to
such percent of the total of its 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, 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.
B. Incremental CRR
8. 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.
C. Maintenance of CRR
9. Every bank shall maintain in India with the Reserve Bank, an average daily
balance, the amount of which shall not be less than 3.75 per cent, 3.5 per cent, 3.25
per cent and 3.0 per cent of its NDTL, as on the last Friday of the second preceding
fortnight, effective from the reporting fortnight beginning September 6, October 4,
November 1 and November 29, 2025, respectively.
D. Maintenance of Minimum CRR on Daily Basis
10. Every scheduled bank shall maintain minimum CRR of not less than 90 percent 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.
E. Computation of Net Demand and Time Liabilities (NDTL)
11. 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
9banks (b) liabilities towards others in the form of demand and time deposits or
borrowings or other miscellaneous items of liabilities.
12. 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.
13. 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.
14. 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.
15. 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.
16. 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.
17. 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.
18. The calculation of the proportion of demand liabilities and time liabilities by
scheduled 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.
F. Liabilities not to be included for NDTL computation.
19. The liabilities mentioned below shall not form part of liabilities of a bank for the
purpose of CRR and SLR:
(1) Paid up capital, reserves, borrowings through instruments qualifying for Tier 1 and
10additional Tier 1 capital; any credit balance in the Profit & Loss Account of the bank,
amount of any loan / refinance taken from RBI, Exim Bank, NHB, NABARD, NaBFID
and SIDBI.
Provided that the funds collected by various branches of the bank or other banks for
the issue and held pending finalisation of allotment of the additional Tier 1 preference
shares shall have to be taken into account for the purpose of calculation of reserve
requirements.
(2) Net income tax provision,
(3) Amount received from Deposit Insurance and Credit Guarantee Corporation
(DICGC) towards claims and held by the bank pending adjustments thereof,
(4) Amount received from Export Credit Guarantee Corporation (ECGC) by invoking
the guarantee,
(5) Amount received from an insurance company on ad-hoc settlement of claims
pending judgment of the Court,
(6) Amount received from the Court Receiver,
(7) The liabilities arising on account of utilisation of limits under Bankers’
Acceptance Facility (BAF),
(8) Subsidy released by NABARD under Investment Subsidy Scheme for
Construction / Renovation / Expansion of Rural Godowns,
(9) Subsidy released by Central / State Government which is kept in zero percent
fixed deposit receipt (FDR) 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,
(10) Net unrealised gain / loss arising from derivatives transaction under trading
portfolio,
(11) Income flows received in advance such as annual fees and other charges which
are not refundable,
(12) Bill rediscounted by a bank with eligible financial institutions as approved by the
RBI, and
(13) Amount received by the eligible banks from National Credit Guarantee Trustee
11Company Limited (NCGTC) by invoking the guarantee towards claims and pending
adjustments thereof.
G. Exempted Categories
20. Scheduled Banks are exempted from maintaining CRR on the following liabilities:
(1) Net of liabilities to the banking system from the assets with the banking system
defined in Section 42 (1) (d) of the RBI Act, 1934 as under:
(i) 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 to:
(a) the State Bank of India,
(b) 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,
(c) any Regional Rural Bank established under Section 3 of the Regional Rural
Banks Act, 1976,
(d) a banking company as defined in Clause (c) of Section 5 of the Banking
Regulation Act, 1949 (10 of 1949),
(e) a co-operative bank as defined in Clause (cci) of Section 56 of the Banking
Regulation Act, 1949, and
(f) 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.
(2) Credit balances in Asian Clearing Union (ACU) (US$) Accounts;
(3) Demand and Time Liabilities in respect of their Offshore Banking Units (OBUs).
(4) Minimum of Eligible Credit (EC) and outstanding Long-term Bonds (LB) to finance
infrastructure loans and affordable housing loans as per Reserve Bank of India
(Commercial Banks – Resource Raising Norms) Directions, 2025 ;
(5) Liabilities in respect of the bank’s International Financial Services Centre (IFSC)
Banking Units (IBUs);
12(6) Funds Borrowed under market repo against Government securities; and
(7) The banks are advised that with effect from the reporting fortnight beginning July
30, 2022, incremental FCNR (B) deposits as also NRE Term deposits with reference
to base date of July 1, 2022, mobilised by banks are exempt from maintenance of CRR
and SLR. The exemptions are valid for deposits raised till November 04, 2022. The
exemption on reserves maintenance will be available for the original deposit amounts
till such time the deposits are held in the bank’s books.
H. CRR Computation
21. 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.
I. No Interest Payment on Eligible Cash Balances maintained by SCBs with RBI
under CRR
22. Reserve Bank of India does not pay any interest on the CRR balances maintained
by SCBs.
J. Loans out of FCNR (B) Deposits and Inter-Bank Foreign Currency (IBFC)
Deposits
23. 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 paragraphs 4 and 5 of these directions. 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 into USD and then use
the reference rate of FBIL for USD/ INR for the same day for conversion into INR.
13Chapter III - Statutory Liquidity Ratio (SLR)
A. Statutory Liquidity Ratio (SLR)
24. 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 40 percent 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.
B. SLR - Eligible Assets
25. Every 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 its 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.
C. Marginal Standing Facility (MSF)
26. 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:
(1) The eligible banks shall have the option to borrow up to two percent of their
respective NDTL outstanding at the end of the second preceding fortnight.
(2) The eligible entities shall also continue to access overnight funds under this facility
against their excess SLR holdings.
(3) In the event of a bank’s SLR holding falling below the statutory requirement up to
two percent of its NDTL, the bank shall not have the obligation to seek a specific waiver
for default in SLR compliance arising out of use of this facility in terms of notification
issued under sub section (2A) of Section 24 of the Banking Regulation Act, 1949.
27. 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
14permitted to reckon up to such percentage, as may be stipulated by RBI from time to
time, 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.
D. SLR Assets
28. SLR assets shall be maintained by banks as under:
(1) Cash, or;
(2) 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;
(3) 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; or
(iv) Any other instrument as may be notified by the Reserve Bank of India (as and
when prescribed).
(4) the deposit and unencumbered approved securities required, under sub-section
(2) of Section 11 of the Banking Regulation Act, 1949(10 of 1949), to be made with
the Reserve Bank by a banking company incorporated outside India;
(5) 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 (3) (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:
(i) securities lodged with another institution for an advance or any other credit
15arrangement to the extent to which such securities have not been drawn against or
availed of;
(ii) 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;
(iii) securities offered as collateral to the Reserve Bank for availing liquidity
assistance under Facility to Avail Liquidity for Liquidity Coverage Ratio (FALLCR).
(iv) Securities acquired by banks under RBI-LAF and market repo transactions.
(6) Explanation - For the purpose of these Directions,
(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.
(iv) 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).
(v) Banks shall report the SDF balances held by banks with RBI under "Cash in
hand" in Form VIII, as it is an eligible asset for SLR maintenance. The balances
held by banks with RBI under the SDF shall not be eligible for Cash Reserve
16Ratio (CRR) maintenance. Further, scheduled banks are not required to report
SDF balances held by them with RBI, in Form A return.
(7) Note:
(i) With a view to disseminating information on the SLR status of a Government
security, it has been decided that:
(a) 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,
(b) 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’.
(ii) The cash management bill shall be treated as Government of India Treasury
Bill and thus be reckoned as SLR security.
17Chapter IV - Procedure for computation of SLR
A. Computation of NDTL for SLR
29. The procedure for computation of NDTL for SLR shall be as below:
(1) 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.
(2) The liabilities mentioned under paragraph 19 of these Directions shall not form
part of liabilities for the purpose of SLR also.
(3) SCBs are required to include inter-bank term deposits / term borrowing liabilities
of all maturities in 'Liabilities to the Banking System'.
(4) 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.
(5) Additionally, liabilities mentioned at paragraphs 20 (4), (5), (6) and Error!
Reference source not found. are exempt from SLR requirement.
B. Classification and Valuation of SLR eligible securities
30. Classification and valuation of approved securities shall be in accordance with the
extant instructions in Reserve Bank of India (Commercial Banks – Classification,
Valuation, and Operation of Investment Portfolio) Directions, 2025, as applicable.
18Chapter V - Reporting
A. Fortnightly CRR Return in Form A
31. Under Section 42(2) of the RBI Act, 1934, every scheduled commercial bank shall
submit to Reserve Bank a provisional Return in Form 'A' (Annex I), at the close of
business on each alternate Friday and within seven days after the date of the relevant
fortnight to which it relates.
32. 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.
33. The final Return in Form 'A', shall be submitted to Reserve Bank within 20 days
from expiry of the relevant fortnight along with:
(1) the Memorandum to the Return in Form 'A' 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.,
(2) Annex A to the Return in Form ‘A’ showing all foreign currency liabilities and
assets, and
(3) Annex B to return in Form ‘A’ 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.
34. The commercial banks should adhere to the following practice for presentation of
Reverse Repo transactions in the Form ‘A’ return:
(1) Reverse Repo transactions with the banks should be reported as under:
(i) For original tenors up to and inclusive of 14 days
(a) Item III(b) of Form A (i.e., Money at call and short notice); and
(b) Memo item 2.1 of Annex A to Form A (i.e., under Inter Bank Assets)
(ii) For original tenors more than 14 days
(a) Item III(c) of Form A (i.e., Advances to banks); and
(b) Memo item 2.1 and 2.2 of Annex A to Form A (i.e., under Inter Bank Assets)
19(2) The Reverse Repo transactions of a bank with non-banks (other institutions) should
be reported as under:
(i) For original tenors up to and inclusive of 14 days - Not required to be reported in
Form A.
(ii) For original tenors more than 14 days - Item VI(a) of Form A [i.e. Loans, cash
credits and overdrafts under Bank Credit in India (excluding inter-bank
advances)].
35. 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,
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.
36. Whenever there are wide variations between the sources and uses of funds as
being reported in the fortnightly Return and the variations exceed 20 percent, the
banks concerned should give reasons therefor in the Return.
37. In terms of Regulation 5(i) (c) of the Scheduled Banks Regulations,1951, 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 authorised 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 the Reserve
Bank fresh set of signatures whenever there is change in the incumbency.
38. 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 Centralised Information Management System
(CIMS) 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.
B. Return in Form VIII (SLR)
39. Every scheduled commercial bank shall submit to the Reserve Bank before 20th
day of every month, a Return in Form VIII (Annex II) showing the amount of SLR held
on alternate Fridays during the immediate preceding month with particulars of their
20DTL 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.
40. 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.
41. 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.
21Chapter VI - Penalties
A. Penalties for default in CRR Maintenance
42. 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.
(1) Penal interest shall be recovered from scheduled Commercial banks in the event
of shortfall in maintenance of prescribed CRR on a daily basis for that day at the rate
of three percent 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.
(2) 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.
43. 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.
44. Under the provisions of Section 42(3A) of the RBI Act, 1934, penal interest at the
increased rate of five percent above the Bank Rate become payable and if the default
still continues during the next succeeding fortnight,
(1) Every Director, Manager or Secretary of the scheduled bank who is knowingly and
willfully a party to the default, shall be punishable with fine which may extend to ₹500
and with a further fine which may extend to ₹500 for each subsequent fortnight during
which default continues.
(2) The Reserve Bank may prohibit a scheduled 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 ₹500 and with a further fine which may extend to ₹500 for
each day after the first, on which a deposit received in contravention of such prohibition
22is retained by the scheduled bank.
45. 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.
B. Penalties for default in SLR Maintenance
46. 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 of the BR Act,
1949.
47. Failure to submit the prescribed return in time will attract the provisions of Section
46(4) of the Act ibid.
48. 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. 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.
23Chapter VII - Repeal And Other Provisions
A. Repeal and saving
49. With the issue of these Directions, the existing Directions, instructions, and
guidelines relating to Cash Reserve Ratio and Statutory Liquidity Ratio as applicable
to Commercial Banks stand repealed, as communicated vide circular
DOR.RRC.REC.302/33-01-010/2025-26 dated November 28, 2025. The Directions,
instructions and guidelines repealed prior to the issuance of these Directions shall
continue to remain repealed.
50. Notwithstanding such repeal, any action taken or purported to have been taken,
or initiated under the repealed Directions, instructions, or guidelines shall continue to
be governed by the provisions thereof. All approvals or acknowledgments granted
under these repealed lists shall be deemed as governed by these Directions. Further,
the repeal of these directions, instructions, or guidelines shall not in any way
prejudicially affect:
(i) any right, obligation or liability acquired, accrued, or incurred thereunder;
(ii) any, penalty, forfeiture, or punishment incurred in respect of any contravention
committed thereunder;
(iii) any investigation, legal proceeding, or remedy in respect of any such right,
privilege, obligation, liability, penalty, forfeiture, or punishment as aforesaid;
and any such investigation, legal proceedings or remedy may be instituted,
continued, or enforced and any such penalty, forfeiture or punishment may be
imposed as if those directions, instructions, or guidelines had not been
repealed.
B. Application of other laws not barred
51. The provisions of these Directions shall be in addition to, and not in derogation of
the provisions of any other laws, rules, regulations, or directions, for the time being in
force
C. Interpretations
52. For the purpose of giving effect to the provisions of these Directions or in order to
remove any difficulties in the application or interpretation of the provisions of these
Directions, the RBI may, if it considers necessary, issue necessary clarifications in
24respect of any matter covered herein and the interpretation of any provision of these
Directions given by the RBI shall be final and binding.
(Manoranjan Padhy)
Chief General Manager
25Annex I
FORM A
(To be submitted by a scheduled 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 Banks
c) Other Demand and Time Liabilities3
Total of I
II. Liabilities to Others in India
a) Aggregate Deposits (Other than from Banks)
(i) Demand
(ii) Time
b) Borrowings4
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
26Savings 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
(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. .
3 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.
4 Other than from Reserve Bank of India, National Bank for Agriculture and Rural Development and
Export-Import Bank of India.
27Memorandum 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.
28Annex A to Form A
Name of the Bank:
(Amount in Rupees rounded off to the nearest thousand)
Outstanding Revaluation Interest
Items at value
Book value
1 2 3 4
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.3.1 Short-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
II.5 Credit Balances in ACU(US dollar) Account
II.6 Others (to be specified)
29III. 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 Market Repos in government securities including TREPS
VIII.2 IBU
VIII.3 OBU
VIII.4 Minimum of EC or LB
VIII.5 FCNR (B) Deposits - Circular dated July 06, 2022
VIII.6 NRE Term deposits - Circular dated July 06, 2022
VIII.7 VIII. 7 Other Liabilities under Zero Prescription
IX. Liabilities subject to zero CRR prescription (V+VII+VIII)
Memo items
301. 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)
31Annex B to Form A
Name of the Bank:
(Amount in Rupees rounded off to the nearest thousand)
Items Outstanding at Revaluation
book value value
1 2 3
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
II.4.2 Private Corporate Sector
32II.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)
2. (Designation)
33Annex II
FORM VIII
THE BANKING REGULATION ACT, 1949
(Rule 13 A)
(Section 18 and 24)
For Scheduled Commercial Banks (SCBs)
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
34(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
35OR
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 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
36(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 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).
37