Notifications

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Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR)

RBI/2014-15/161
DBOD.Ret.BC.29/12.02.001/2014-15

August 05, 2014

All Scheduled Commercial Banks
and Local Area Banks
(Excluding Regional Rural Banks)

Dear Sir,

Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR).

Please refer to our circular DBOD.Ret.BC.117/12.02.001/2013-14 dated June 03, 2014, on the captioned subject.

2. As announced in the Third Bi-Monthly Monetary Policy Statement 2014-15 by the Reserve Bank of India on August 05, 2014, it has been decided to reduce the Statutory Liquidity Ratio (SLR) of Scheduled Commercial Banks and Local Area Banks from 22.5 per cent of the Net Demand and Time Liabilities (NDTL) to 22.0 per cent with effect from the fortnight beginning August 09, 2014.

3. A copy of the relative notification DBOD.No.Ret.BC.28/12.02.001/2014-15 dated August 05, 2014 is enclosed.

4. Please acknowledge receipt.

Yours faithfully,

(Sudha Damodar)
Chief General Manager

Encl: As above


Ref. DBOD. No. Ret. BC. 28/12.02.001/2014-15

August 05, 2014

NOTIFICATION

In exercise of the powers conferred by sub-section (2A) of Section 24 of the Banking Regulation Act, 1949 (10 of 1949) and, in partial modification of the Notification DBOD.No.Ret.BC.118/12.02.001/2013-14 dated June 03, 2014, the Reserve Bank hereby specifies that with effect from the fortnight beginning August 09, 2014, every Scheduled Commercial Bank and Local Area Bank shall maintain in India assets as detailed in notification DBOD No Ret BC 91/12.02.001/2010-11 dated May 09, 2011 and DBOD No. Ret BC. 94/12.02.001/2011-12 dated April 17, 2012, the value of which shall not at the close of business on any day be less than 22.0 per cent of the total net demand and time liabilities in India as on the last Friday of the second preceding fortnight.

(B. Mahapatra)
Executive Director


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