What is SLR Rate?
Answer / deepak
SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers.
SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit. SLR is determined as the percentage of total demand and percentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. SLR is used to control inflation and propel growth. Through SLR rate tuning the money supply in the system can be controlled efficiently.
Is This Answer Correct ? | 0 Yes | 0 No |
What is the front news in today's Hindu paper?
0 Answers State Bank Of India SBI,
do you think that bonds are prefered by a firm over over other debt instruments?
On What Basis Securities Should Be Selected?
What is the savings interest in Japan?
0 Answers State Bank Of India SBI,
Explain what is Net Asset Value (NAV)?
What is the minimum amount of money that should be remitted through rtgs?
What would you personally invest in?
What are the after effects?
What are your views on Pay tm?
0 Answers RBI, State Bank Of India SBI,
Tell something about SARFAESI Act 2002?
intrest rate swaps
Do you know the currency of different countries?