The Reserve Bank of India (RBI) on June 19, 2026, issued the Reserve Bank of India (Urban Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Third Amendment Directions, 2026 to further amend the Reserve Bank of India (Urban Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025.
The following amendments have been stated:
• In paragraph 21, the following sub-paragraph shall be inserted “6. Fresh NonResident (External) Rupee (NRE) term deposits of tenor of three years or more mobilized (including deposits that are renewed upon maturity) by the banks between June 19, 2026 and September 30, 2026 are exempt from maintenance of CRR from the reporting fortnight beginning July 16, 2026 (i.e., based on the NDTL computation as on June 30, 2026) and subsequent fortnights thereafter. The exemption on reserves maintenance is available for the original deposit amounts till such time the deposits are held in the bank books. Any transfer from Non-Resident (Ordinary) (NRO) accounts to NRE accounts will not qualify for such exemptions”.
• In paragraph 29(4), the words ‘paragraphs 21 (3), (4) and (5)’ shall be substituted with ‘paragraphs 21 (3), (4), (5) and (6)’.
[Notification RBI/2026-27/147 DOR.RET.REC.126/12.01.001/2026-27]
