Question
The banks are required to maintain a certain ratio between their cash in the hand and total assets. This is called :
Choose the correct option from the code :
- Statutory Bank Ratio (SBR)
- Statutory Liquid Ratio (SLR)
- Central Bank Reserve (CBR)
- Central Liquid Reserve (CLR)
Choose the correct option from the code :
Answer: Option D
Answer: (d)
Banks are required to invest a portion of their statutory liquidity ratio besides CRR.
Statutory liquidity ratio (SLR) is the Indian government term for reserve requirement that the commercial banks in India require to maintain in the form of gold, cash or government-approved securities before providing credit to the customers.
SLR is determined and maintained by the Reserve Bank of India in order to control the expansion of bank credit.
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Answer: (d)
Banks are required to invest a portion of their statutory liquidity ratio besides CRR.
Statutory liquidity ratio (SLR) is the Indian government term for reserve requirement that the commercial banks in India require to maintain in the form of gold, cash or government-approved securities before providing credit to the customers.
SLR is determined and maintained by the Reserve Bank of India in order to control the expansion of bank credit.
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