Current Trends: Statutory Liquidity Ratio
As per Section 24 (2A) of Banking Regulation Act 1949, every banking company in India has to maintain equivalent to an amount which shall not at the close of the business on any day be less than certain portion of the total of its net demand and time liabilities (NDTL). The components of SLR are Cash in hand, Gold owned by the bank, Balance with RBI, Net balance in current account & Investment in Government securities. SLR has to be maintained at the close of business on every day.
Current SLR is 24% w.e.f 16.12.2010
Current SLR is 24% w.e.f 16.12.2010
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Month: Current Affairs - October, 2010
sheetal
June 13, 2011 at 3:40 pmthis is a very nice site, as the all the complicated terms described simply.everybody can understand
shashi prakash
January 25, 2012 at 8:18 pmcouldnt understand diff bet SLR and CRR. Can anyone explain