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Episode 1291

Statutory liquidity ratio
Sun, 2020-Nov-15 01:11 UTC
Length - 2:22

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Welcome to random Wiki of the Day where we read the summary of a random Wikipedia page every day.

The random article for Sunday, 15 November 2020 is Statutory liquidity ratio.

In India, the Statutory liquidity ratio (SLR) is the Government term for the reserve requirement that commercial banks are required to maintain in the form of 1.cash, 2.gold reserves,3. PSU Bonds and 4. Reserve Bank of India (RBI)- approved securities before providing credit to the customers. The SLR to be maintained by banks is determined by the RBI in order to control the expansion.

The SLR is determined as a percentage of total demand and time liabilities. Time liabilities refer to the liabilities which the commercial banks are liable to repay to the customers after an agreed period, and demand liabilities are customer deposits which are repayable on demand. An example of a time liability is a six-month fixed deposit which is not payable on demand but only after six months. An example of a demand liability is a deposit maintained in a saving account or current account that is payable on demand.

The SLR is commonly used to control inflation and fuel growth, by decreasing or increasing the money supply. Indian banks' holdings of government securities are now close to the statutory minimum that banks are required to hold to comply with existing regulation. When measured in rupees, such holdings decreased for the first time in a little less than 40 years (since the nationalisation of banks in 1969) in 2005–06. It is 18.00 percent as on June 2020.

This recording reflects the Wikipedia text as of 01:11 UTC on Sunday, 15 November 2020.

For the full current version of the article, see Statutory liquidity ratio on Wikipedia.

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