Statutory Liquidity Ratio: Scheduled Banks data is updated monthly, averaging 16.000 % from Nov 2003 to Jul 2021, with 213 observations….Statutory Liquidity Ratio: Scheduled Banks.
| country/region | Last |
|---|---|
| Statutory Liquidity Ratio: Scheduled Banks (%) | 13.000 Jul 2021 |
What is the present liquidity rate of commercial bank?
The bank rate currently stands at 4.65%. In 2019, the RBI reduced the repo rate five times. On 7 February 2019, the repo rate was cut from 6.50% to 6.25%.
What is statutory liquidity ratio?
Statutory Liquidity Ratio or SLR is a minimum percentage of deposits that a commercial bank has to maintain in the form of liquid cash, gold or other securities. It is basically the reserve requirement that banks are expected to keep before offering credit to customers.
What is SLR and CRR?
CRR or cash reserve ratio is the minimum proportion / percentage of a bank’s deposits to be held in the form of cash. SLR or statutory liquidity ratio is the minimum percentage of deposits that a bank has to maintain in form of gold, cash or other approved securities.
What is the full form of CRR?
Cash Reserve Ratio (CRR) is the share of a bank’s total deposit that is mandated by the Reserve Bank of India (RBI) to be maintained with the latter as reserves in the form of liquid cash.
What is the current SLR?
18.00%
RBI Monetary Policy Today
| Indicator | Current Rate |
|---|---|
| SLR | 18.00% |
| Repo Rate | 4.00% |
| Reverse Repo Rate | 3.35% |
| Marginal Standing Facility Rate | 4.25% |
Who decides SLR?
the RBI
The SLR to be maintained by banks is determined by the RBI in order to control the expansion. In The SLR is determined as a percentage of total demand and time liabilities.
