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No longer current — withdrawn, no replacement on file yet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
Recalculate CRR requirements for each fortnight starting February 13 and February 27, 2010.
Ensure adequate liquidity to maintain the higher CRR of 5.50% and then 5.75% of NDTL.
Update internal systems and reporting processes to reflect the new CRR rates.
Communicate the changes to treasury and compliance teams for smooth implementation.
Who it affects
Scheduled State Co-operative Banks, Treasury departments of StCBs, Compliance officers at StCBs
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-19 07:37 IST
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn03 Aug 2026, 04:00 IST
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 byRBI/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
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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BankPulse Compliance Evidence Pack — generated 03 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=5483&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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