SLR reduced to 20% from the fortnight commencing 24 June 2017

The Reserve Bank of India has decided to reduce the Statutory Liquidity Ratio (SLR) of commercial banks, primary (urban) co-operative banks (UCBs), state co-operative banks and central co-operative banks from 20.5% of their Net Demand and Time Liabilities (NDTL) to 20% from the fortnight commencing 24 June 2017.

It is clarified that notwithstanding the reduction in the SLR, the ceiling on amount of SLR securities that can be held under 'Held to Maturity' category remains unchanged.

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