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.