Reserve Bank of India amends Regional Rural Banks CRR and SLR directions and adds Standing Deposit Facility reporting item

The Reserve Bank of India issued amendments to its directions on Regional Rural Banks’ cash reserve ratio and statutory liquidity ratio, updating definitions and reporting formats in line with recent legislative and regulatory changes. The amendments take effect immediately. The update inserts references to “other development financial institutions” (as defined in Section 2(cccii) of the Reserve Bank of India Act, 1934), revises the lists of institutions referenced in Annex I (Form A) and Annex II (Form VIII) to include the Exim Bank, National Housing Bank, National Bank, Small Industries Bank, National Bank for Financing Infrastructure and Development and other development financial institutions, and adjusts Form VIII by replacing “specified” with “notified” and deleting “from time to time”. Form VIII also adds a new line item for amounts deposited with the Reserve Bank under the Standing Deposit Facility Scheme, while paragraph 27(6)(v) deletes the words “under “Cash in hand”.