Banking comapany

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Querist : Anonymous

Querist : Anonymous (Querist)

15 April 2012 sir,
What is the meaning of CRR & SLR in Banking Co. For what purpose the above are maintained ? From whom these ratios are maintained...Branch or Head office of the Bank? What are the current CRR & SLR ?

CA Kishore Tallam

CA Kishore Tallam (Expert)
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17 April 2012 CRR - Cash Reserve Ratio
SLR - Statutory Liquidity Ratio
Current CRR - 4.75%
Current SLR - 24%
CRR - Every bank included in the Second Schedule shall maintain with the Bank an average daily balance the amount of which shall not be less than 4.75% of the total of the demand and time liabilities in India.
SLR - All Scheduled Commercial Banks are required to maintain in India a) in cash, or
b) in gold valued at a price not exceeding the current market price,
or
c) in unencumbered approved securities valued at a price as specified by the RBI from time to time
an amount of which shall not, at the close of the business on any day, be less than 24% of the total of its demand and time liabilities in India as on the last Friday of the second preceding fortnight.

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