Cash Reserve Ratio maintenance reduced under Section 42(1), lowering banks' daily compliance burden and easing liquidity management. Change under Section 42(1) of the Reserve Bank of India Act reduces the daily minimum Cash Reserve Ratio maintenance obligation, lowering the daily compliance threshold banks must hold and thereby easing intrafortnight liquidity requirements; the reduction is communicated by Reserve Bank circular to scheduled commercial banks, regional rural banks and scheduled cooperative banks with a specified effective fortnight.
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Provisions expressly mentioned in the judgment/order text.
Cash Reserve Ratio maintenance reduced under Section 42(1), lowering banks' daily compliance burden and easing liquidity management.
Change under Section 42(1) of the Reserve Bank of India Act reduces the daily minimum Cash Reserve Ratio maintenance obligation, lowering the daily compliance threshold banks must hold and thereby easing intrafortnight liquidity requirements; the reduction is communicated by Reserve Bank circular to scheduled commercial banks, regional rural banks and scheduled cooperative banks with a specified effective fortnight.
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