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Master Circular on CRR & SLR for Urban Co-op Banks (2008)

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2008-09/60 · issued 01 Jul 2008 · ~2 min read
Quick answerRBI consolidated all existing instructions on CRR and SLR for Primary (Urban) Co-operative Banks into a single Master Circular as of July 1, 2008. This circular does not introduce new rules but compiles all operative guidelines up to June 30, 2008 for easier reference.

What changed

RBI issued a Master Circular that brings together all currently operative instructions on CRR and SLR for urban co-operative banks. The circular consolidates previous periodic instructions into one document, effective as of July 1, 2008. No new requirements were introduced; it is purely a compilation exercise.

What it means for you

Urban co-operative banks now have a single reference document for all CRR and SLR compliance requirements, reducing the need to track multiple circulars. This simplifies regulatory adherence and audit processes. Banks must ensure their internal policies align with the consolidated instructions as of the cut-off date.

Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.

What banks were required to do at the time

Who it affects

All Primary (Urban) Co-operative Banks, Compliance and treasury departments of urban co-operative banks, RBI regional offices handling urban co-operative bank supervision

❓ Common questions

Regulatory timeline

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

Does this Master Circular introduce new CRR or SLR rates?

No, this circular does not introduce any new rates or requirements. It consolidates all existing operative instructions on CRR and SLR for urban co-operative banks as of June 30, 2008 into a single document.

What should we do if we find discrepancies between our current practices and the consolidated circular?

You should align your bank's CRR and SLR maintenance practices with the instructions in the Master Circular immediately. If you need clarification, contact your RBI Regional Office.

Is this circular still applicable today?

This circular was issued in 2008 and may have been superseded by later updates. Banks should refer to the latest RBI master circulars on CRR and SLR for current requirements.

📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #2203: UBD.CO.Ret/MC.No/15/12.03.000/2008-09 — "Master Circular Maintenance of Statutory Reserves Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)" dated”
📜 Read the original circular — full text as issued by RBI
RBI/2008-09/60 UBD CO Ret /MC No/ 15/12.03.000/2008-09 July 01, 2008 Chief Executive Officers of All Primary (Urban) Co-operative Banks  Dear Sir, Master Circular Maintenance of Statutory Reserves Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) The Reserve Bank of India has been periodically issuing instructions to primary (urban) co-operative banks (PCBs) regarding maintenance of Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) and matters related thereto. In order to enable the banks to have all the instructions at one place, a Master Circular incorporating all the currently operative instructions/guidelines on the subject up to June 30, 2008 has been prepared and is enclosed. 2. Please acknowledge receipt of this  Master Circular  to the Regional Office concerned of this Department. Yours faithfully, A.K.Khound Chief General Manager-in-Charge
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2008-09/60 · issued 01 Jul 2008. The plain-English explanation above is BankPulse’s own independent summary.
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BankPulse Compliance Evidence Pack — generated 05 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=4360&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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