wht is the term SLR?
Menu
SLR
Replies (2)
Statutory Liquidity Ratio.
Every bank is required to maintain, on daily basis, liquid assets to the extent of 24 per cent of its demand and time liabilities in India.
SLR means Statutory Liquidity Ratio. The commercial banks are required to keep a certain % of their total demand and time liabilities invested in the form of liquid assets such as easily marketeable securities etc. At present it is 24.0%. It is determined by the RBI and is a very important tool of monetary policy
Recent Topic
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
Related Topics
CAclubindia
