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Statutory Liquidity Ratio or SLR as it is more commonly called is the amount of liquid cash every bank has to maintain in order to meet the daily customer withdrawal demands. Whatever money we deposit with banks, they lend it out to other customers to make a profit out of it. Imagine you depositing a few lakh rupees out of your retirement corpus with a bank and visiting the bank to withdraw some money to get a gift for your grandson and the bank telling you that since the loan re-payments were not received on time, you cant take money out of your account right now? That would be bad wouldn't it?
This is exactly why banks have to maintain a SLR so that they don't have to refuse withdrawal transactions from deposit customers. Its your money and you should be able to withdraw it anytime you want.
Reserve bank does not have a SLR only the member banks need to maintain a SLR.
What else can I help you with?
How many reserve banks in India?
branches of reserve bank in India
Which was the first bank of India?
The Reserve Bank of India
What is the bank of the government of India?
Reserve bank of India
When was Reserve Bank of India created?
Reserve Bank of India was created on 1935-04-01.
When reserve bank of India established?
reserve bank was established in 1952
Reserve bank of India established?
reserve bank was established in 1952
Indias biggest bank?
Reserve bank of India is the Banker to the Banks. Reserve bank of india,is not open for normal customers.For customers, the biggest bank is State Bank of India.
What is the name of central bank of India?
reserve bank of India
Which bank is called Bankers Bank in India?
the bankers bank in India is RESERVE BANK OF INDIA known as RBI
Regulation of bank in India?
RBI - Reserve Bank Of India regulates the banks in India.
Is reserve bank of India a commercial bank?
No. Reserve Bank of India is the central bank of India. It is not a regular commercial bank. It supervises and regulates the working and operations of all commercial banks in India. It has been in existence since the British Rule in India.
What is current bank rate by rbi?
Answer :-It is the rate at with Reserve bank of India allows commercial bank to borrow money from the Reserve bank of India as per their eligibility for refinance.
