answersLogoWhite

0

What is the SLR rate on dec2008?

User Avatar

Mrsankar

Lvl 1
16y ago
Updated: 8/17/2019

SLR here means STATUTORY LIQUIDITY RATIO that banks has to maintain in liquid assets. This has been reduced to 24% in November 2008 by RBI. Earlier it was 25% for a long time. now reduced to 24%. This is a directive of Reserve Bank of India and is decided by RBI from time to time.

User Avatar

Wiki User

16y ago

What else can I help you with?