In exercise of the powers conferred by sub section 1A of Section 42 of the Reserve Bank of India Act, 1934, the Reserve Bank of India hereby directs that all Scheduled Commercial Banks Regional Rural Banks

5782 GI/202 3 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 633] NEW DELHI , TUESDAY , SEPTEMBER 12, 2023/ BHADRA 21, 1945 CG-MH-E-12092023-248665 RESERVE BANK OF INDIA NOTIFICATION Mumbai , the 10th August , 2023 DOR.RET.REC.30/12.01.001/2023 -24.—In exercise of the powers conferred by sub -section (1A) of Section 42 of the Reserve Bank of India Act, 1934, the Reserve Bank of India hereby directs that all Scheduled Commercial Banks / Regional Rural Banks / all Scheduled Primary (Urban) Co -operative Banks / all Scheduled State Co -operative Banks, shall mai ntain with the Reserve Bank of India, with effect from the fortnight beginning August 12, 2023: (i) an additional average daily balance over and above the average daily balance required to be maintained under sub - section (1) of Section 42; and (ii) that th e amount of such additional average daily balance shall not be less than 10 per cent of the increase in net demand and time liabilities between May 19, 2023 and July 28, 2023. JAYANT KUMAR DASH, Executive Director [ADVT. -III/4/Exty./ 418/2023 -24] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.