The Reserve Bank of India (RBI), on November 28, 2025, issued the Reserve Bank of India (Commercial Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 to consolidate and update the regulatory framework governing CRR and SLR requirements for commercial banks. These Directions apply to all commercial banks other than SFBs, LABs and Payment Banks, and prescribe statutory reporting through Form A for CRR and Form VIII for SLR. They define key terms such as aggregate deposits, apportionment of savings accounts, approved securities/SLR securities, assets with the banking system, bank credit in India, and forms of “cash” eligible for CRR maintenance—including cash in hand, balances with scheduled banks, SDF balances, and excess balances with RBI.
The RBI sets out detailed computation rules for CRR and SLR, including fortnightly average-daily-balance calculations, classification of liabilities into demand and time components, identification of unencumbered SLR-eligible securities, and treatment of securities used for MSF, FALLCR, LAF and market repos. The Directions also specify the methodology for determining SLR assets, reporting obligations, and procedures to be followed in maintaining statutory reserves under Sections 42, 18 and 24 of the governing Acts.
This prescribes compliance, monitoring and penalty provisions, including mandatory submission timelines, RBI’s power to impose penal interest or other supervisory actions for deficiencies, and repeal/saving clauses ensuring continuity with statutory obligations. These Directions come into force immediately and supersede earlier instructions to the extent of inconsistency.
[Notification No. RBI/DOR/2025-26/150]
