Section 25 of the Banking Regulation Act, 1949 requires every banking company to maintain assets in India. At the close of business on the last day of every quarter (or the preceding working day if a public holiday), the assets in India must not be less than what percentage of the company’s demand and time liabilities in India?

Section 25(1) provides that the assets in India of every banking company at the close of business on the last day of every quarter (or on the preceding working day if that day is a public holiday under the Negotiable Instruments Act, 1881) shall not be less than seventy-five per cent of its demand and time liabilities in India. Under sub-section (2), every banking company must within one month from the end of every quarter submit a return to the Reserve Bank in the prescribed form showing its assets and liabilities as at the close of business on the last day of the previous quarter. The definition of “quarter” in Section 25(3)(c) means the period of three months ending on the last day of March, June, September or December.