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  #1  
September 3rd, 2015, 11:07 AM
Super Moderator
 
Join Date: Oct 2019
Bank of India SLR

Can you please tell me the Statutory liquidity ratio (SLR) of Bank Of India? provide me all the details of Statutory liquidity ratio (SLR) of this bank? Also tell me the toll free number of Bank Of India?

The Reserve Bank of India has mandated every bank to have a specific liquid reserve in the form of cash or gold called the Statutory Liquidity Ratio (SLR).


SLR is used by bankers and indicates the minimum percentage of deposits that the bank has to maintain in form of gold, cash or other approved securities. Thus, it is ratio of cash and some other approved liability (deposits). It regulates the credit growth in India.


Every bank is required to maintain at the close of business every day, a minimum proportion of their Net Demand and Time Liabilities as liquid assets in the form of cash, gold and un-encumbered approved securities.


RBI is empowered to increase this ratio up to 40%. An increase in SLR also restricts the bank's leverage position to pump more money into the economy.


Net Demand Liabilities ā€“
Bank accounts from which one can withdraw money at any time like savings accounts and current account


Time Liabilities ā€“
Bank accounts where one cannot immediately withdraw money but have to wait for certain period like - Fixed deposit accounts.


Statutory Liquidity Ratio (SLR) 2019

Major Monetary Policy Rates and Reserve Requirements

Index Rate Effective Date
Repo Rate 5.40% Aug 07, 2019
Reverse Repo 5.15% Aug 07, 2019
Marginal Standing Facility (MSF) 5.65% Aug 07, 2019
Bank Rate 5.65% Aug 07, 2019
Cash Reserve Ratio (CRR) 4.00% Feb 09, 2013
Statutory Liquidity Ratio (SLR) 19.00% Apr 13, 2019


Specified Assets for SLR

Cash or

Gold valued at a price not exceeding the current market price, or

Investment in the following instruments which are referred to as "Statutory Liquidity Ratio (SLR) securities":
Dated securities issued up to May 06, 2011;
Treasury Bills of the Government of India;
Dated securities of the Government of India issued from time to time under the market borrowing programme and the Market Stabilization Scheme;
State Development Loans (SDLs) of the State Governments issued from time to time under the market borrowing programme; and
Any other instrument as may be notified by the Reserve Bank of India.

Last edited by Neelurk; May 13th, 2020 at 09:26 AM.
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  #2  
November 29th, 2019, 02:12 PM
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Re: Bank of India SLR

Can you tell me in detail about Statutory Liquidity Ratio (SLR) for Banks in India maintained by RBI (Reserve Bank of India)?


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