 "RBI specifies SLR reduction pathway")
The Reserve Bank of India (RBI) has outlined the path for statutory liquidity ratio (SLR) of scheduled commercial banks, local area banks, primary (Urban) co-operative banks (UCBs), state co-operative banks and central co-operative banks. This was announced in the fourth bi-monthly monetary policy statement 2015-16 in September 2015.
The banking regulator said it has been decided to reduced it from 21.5 per cent of their net demand and time liabilities (NDTL) to 21.25 per cent from April 2, 2016, 21 per cent from July 9, 2016, 20.75 per cent from October 1, 2016, and 20.5 per cent from January 7, 2017.
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