HomeCirculars › RBI/2009-10/300

CRR Hiked 75 bps for Scheduled State Co-operative Banks

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2009-10/300 · issued 01 Feb 2010 · ~1 min read
Quick answerRBI raised CRR for Scheduled State Co-operative Banks by 75 bps to 5.75% in two stages from February 2010, based on macroeconomic assessment from the Third Quarter Review of Monetary Policy 2009-10.

What changed

The CRR for Scheduled State Co-operative Banks was increased by 75 basis points from 5.00% to 5.75% of NDTL. The hike was implemented in two stages: 5.50% effective from the fortnight beginning February 13, 2010, and 5.75% from February 27, 2010.

What it means for you

This CRR hike will reduce the lendable resources of Scheduled State Co-operative Banks, tightening liquidity. Banks must set aside more funds with RBI, impacting their profitability and ability to extend credit. The move aligns with RBI's monetary tightening stance to manage inflation.

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

Scheduled State Co-operative Banks, Treasury departments of StCBs, Compliance officers at StCBs

❓ Common questions

Regulatory timeline

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

What is the new CRR rate for Scheduled State Co-operative Banks?

The CRR is increased to 5.50% from February 13, 2010, and further to 5.75% from February 27, 2010.

Why was this CRR hike implemented?

Based on the macroeconomic assessment in the Third Quarter Review of Monetary Policy 2009-10, RBI decided to increase CRR to manage liquidity and inflation.

When do the new CRR rates become effective?

The first stage (5.50%) is effective from the fortnight beginning February 13, 2010, and the second stage (5.75%) from the fortnight beginning February 27, 2010.

📜 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Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)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 #1753: RPCD.CO.RF.BC.No.50/07.02.01/2009-10 — "Notification on Maintenance of CRR" dated February 1, 2010”
📜 Read the original circular — full text as issued by RBI
Notifications - Reserve Bank of India Skip to main content Selected Selected Change Language हिंदी Search the Website Search Home About Us ▼ About Us Organisation & Functions ▶ Organisation Structure Departments Offices Training Establishment ▶ College of Agricultural Banking Reserve Bank Staff College College of Supervisors RBI's Functions and Working Governors Deputy Governors Executive Directors Communication Policy of RBI Sources of Information ▶ Annual Publications Half-yearly Publications Quarterly Publications Monthly Publications Weekly Publications Occasional Publications SDDS NSDP Data Releases Publications available on Subscription General Information RBI History Museum ▶ The RBI Museum RBI Monetary Museum Notification ▼ Notifications Master Directions Master Circulars Amendment Directions Draft Notifications/Guidelines ▶ Draft Notifications/Guidelines Draft Directions (RE-wise) Index To RBI Circulars Standalone Circulars Circulars Withdrawn Press Releases Speeches & Media Interactions ▼ Speeches Media Interactions Memorial Lectures Podcasts Publications ▼ Biennial Annual Half-Yearly Quarterly Bi-monthly Monthly Weekly Occasional Reports Working Papers Legal Framework ▼ Act Rules Regulations Schemes Research ▼ External Research Schemes RBI Occasional Papers Working Papers RBI Bulletin History DRG Studies KLEMS State Statistics and Finances Statistics ▼ Data Releases Database on Indian Economy Public Debt Statistics Regulatory Reporting ▼ List of Returns Data Definition Validation rules/ Taxonomy List of RBI Reporting Portals FAQs of RBI Reporting Portals Home Notifications Notifications ( 541 kb ) StCBs - Section 42(1) of the Reserve Bank of India Act, 1934 - Maintenance of CRR RBI/2009-10/300 RPCD.CO.RF.BC.No.51/07.02.01/2009-10 February 1, 2010 All Scheduled State Co-operative Banks Dear Sir, StCBs - Section 42(1) of the Reserve Bank of India Act, 1934 - Maintenance of CRR Please refer to our Circular RPCD.CO.RF.BC.No.81/07.02.01/2008-09 dated January 05, 2009 on the captioned subject. 2. On the basis of the current macroeconomic assessment, as set out in the Third Quarter Review of Monetary Policy 2009-10 issued on January 29, 2010, it has been decided to increase the Cash Reserve Ratio (CRR) for Scheduled State Co-operative Banks by 75 basis points from 5.00 per cent to 5.75 per cent of their net demand and time liabilities (NDTL) in two stages, effective the fortnights as indicated below: Effective date (i.e. the fortnight beginning from) CRR on net demand and time liabilities (per cent) February 13, 2010 February 27, 2010 5.50 5.75 3. A copy of the relative notification RPCD.CO.RF.BC.No.50/07.02.01/2009-10 dated February 1, 2010 is enclosed. 4. Please acknowledge receipt to our Regional Office concerned. Yours faithfully, (R.C.Sarangi) Chief General Manager RPCD.CO.RF.BC.No.50/07.02.01/2009-10 February 1, 2010 NOTIFICATION In exercise of the powers conferred under the sub-section (1) of Section 42 of the Reserve Bank of India Act, 1934 and in partial modification of the earlier notification RPCD.CO.RF.BC.No.80/07.02.01/2008-09 dated January 05, 2009, the Reserve Bank of India hereby notifies that the average Cash Reserve Ratio (CRR) required to be maintained by every Scheduled State Co-operative Bank shall, from effective dates mentioned below, be at the percentage points indicated thereagainst. Effective date (i.e. the fortnight beginning from) CRR on net demand and time liabilities (per cent) February 13, 2010 February 27, 2010 5.50 5.75 (G. 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Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2009-10/300 · issued 01 Feb 2010. The plain-English explanation above is BankPulse’s own independent summary.
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Key termsPlain-English definitions of terms in this circular — see the full Indian banking glossary. KYC / AML · Gross NPA (GNPA) · Deposit insurance (DICGC) · Scheduled Commercial Bank (SCB)

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