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 ?
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.
CAclubindia
