Reserve Bank of India (Urban Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Second Amendment Directions, 2026

The Reserve Bank of India (RBI) has amended its Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) directions for Urban Co-operative Banks (UCBs) by exempting fresh FCNR(B) deposits with tenors ranging from 3 to 5 years from CRR and SLR maintenance requirements. The exemption applies to eligible deposits mobilized or renewed between June 8, 2026, and September 30, 2026, and aims to encourage foreign currency inflows under RBI’s newly introduced US Dollar-Rupee swap facility. The amendment comes into effect immediately.