The Presidents / Chief Executives
All Banks/DFls
Dear
Sirs/ Madam,
Maintenance
of Cash Reserve Requirement (CRR) and Statutory Liquidity
Requirement (SLR)
Please
refer to the Banking Supervision Department Circular No.
09 dated July 18, 2006 addressed to all banks/DFIs and Circular
No. 10 dated July 22, 2006 addressed to Islamic Banks/branches
on the captioned subject.
2.
It has been decided to revise the daily minimum requirements
for Cash Reserves to 6% and 2% of demand and time liabilities
respectively with effect from 19th January 2007 for all
banks/DFIs including Islamic Banks. While the weekly average
CRR will remain the same.
3.
Cash Reserve Requirements will now stand as follows:
a)
Weekly average of 7% (subject to daily minimum of 6%) of
total demand liabilities (including Time Deposits with tenor
of less than 6 months).
b) Weekly average of 3% (subject to daily minimum of 2%)
of total time liabilities (including Time Deposits with
tenor of 6 months and above).
4.
All other instructions contained in the above mentioned
Circulars shall, however, remain unchanged.
Please
acknowledge receipt.