Incremental FCNR and NRE deposits with maturity of 3 years or more exempted from CRR and SLR require

BANKING : Section 42(1) of the Reserve Bank of India Act, 1934 and section 24 of the Banking Regulation Act, 1949 - FCNR(B)/NRE deposits - Exemption from maintenance of CRR/SLR and exclusion from ANBC for priority sector lending