Question
Download Solution PDFThe Statutory Liquidity Ratio (SLR) according to the recent RBI review (2019) is
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 21.
- The Statutory Liquidity Ratio (SLR) according to the recent RBI review (2019) is 21.
Important Points
- Statutory Liquidity Ratio (SLR) is the minimum percentage of deposits that a commercial bank has to maintain in the form of liquid cash, gold or other securities.
- The SLR was prescribed by Section 24(2A) of the Banking Regulation Act, 1949.
- These are reserved within the banks themselves (before lending to customers) known as Net Demand and Time Liabilities which are decided by the Reserve Bank of India (RBI).
- RBI reserves the right to increase the ratio up to 40%.
- It is the traditional instrument of monetary policy of the central bank.
- To control credit growth.
- The flow of liquidity and inflation in the economy.
- The current Statutory Liquidity Ratio (SLR) as of October 2021 is 18%.
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