What changed
The RBI consolidated and updated the CRR and SLR framework for commercial banks under a single direction, replacing previous versions. It clarified the definition of approved securities, including dated securities, treasury bills, and state development loans. The procedure for apportioning savings bank deposits into demand and time liabilities was reaffirmed, based on half-yearly calculations.
What it means for you
Banks must align their CRR and SLR maintenance and reporting with the new consolidated directions, effective immediately. The updated definitions and procedures ensure uniformity in compliance, impacting liquidity management and statutory reporting. Banks need to review their deposit classification and approved securities holdings to avoid penalties.
What you must do
- Review and update internal policies to align with the new CRR and SLR Directions, 2025.
- Ensure accurate apportionment of savings bank deposits into demand and time liabilities using the prescribed half-yearly method.
- Verify that all approved securities held for SLR compliance are unencumbered and correctly reported in Form VIII.
- Train compliance and treasury teams on the updated definitions and reporting requirements.
Who it affects
Commercial banks (excluding Small Finance Banks, Local Area Banks, and Payments Banks), Treasury departments, Compliance and reporting teams, Risk management functions
What is the effective date of these Directions?
The Directions came into force with immediate effect from the date of issuance, as per the notification dated November 28, 2025, and updated as on June 8, 2026.