Circulars/Notifications - Domestic Market & Monetary Management Department  
 DMMD Circular Letter No. 02 of 2022 Jan 21, 2022

The Presidents/Chief Executives
All Banks

Dear Sir/Madam,
Cash Reserve Requirement for Banks That Meet/ Do Not Meet
Targets for Housing and Construction Finance

Please refer to DMMD Circular Letter No. 03 dated October 07, 2020 on the captioned subject.
The instructions prescribed at Para 3(ii) of referenced circular have been amended to the extent that banks falling short of their quarterly financing targets, as approved by the State Bank, will maintain, over & above the standard CRR, an additional CRR, in the next quarter, by the amount equivalent to two times of the shortfall in achieving financing target, as of relevant quarter end vis-à-vis that of corresponding quarterly target approved by the State Bank.

The above instruction will be applicable for quarterly financing target approved by the State Bank for the calendar year 2022.

All other instructions on the subject will remain unchanged.


Yours sincerely,


(Dr. Mahmood ul Hasan Khan)

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