Banking comapany
This query is : Resolved
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 ?
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 ?
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.
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Change Of Karta In Case of Death
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Tax rate change regarding
- UDIN ISSUE
- TDS on purchase of under construction property from a reseller
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
