Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement
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Central or state Act — primary legislation passed by the legislature. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
RBI notification: Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement
Key Facts
TypeAct
SourceRBI Notifications
PublishedFriday, 9 October 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Key Authorities
Ministry of FinanceRBISEBIDEA
Key Stakeholders
TaxpayersBanks & NBFCsInvestors
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Amendment History
2 changes recorded for this policy.
DescriptionFriday, 9 October 2026via policyradar
RBI notification: Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement
RBI/2026-27/290 DoR.RET.REC.247/12.01.001/2026-27 October 09, 2026 All Scheduled Banks, Madam / Sir, Section 42(1) of the Reserve Bank of India Act...
DescriptionSaturday, 10 October 2026via policyradar
RBI notification: Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement
RBI/2026-27/290 DoR.RET.REC.247/12.01.001/2026-27 October 09, 2026 All Scheduled Banks, Madam / Sir, Section 42(1) of the Reserve Bank of India Act...
Tenor 1-day Notified Amount (in ₹ crore) 1,50,000 Total amount of offers received (in ₹ crore) 71,580 Amount accepted (in ₹ crore) 71,580 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/1317
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