SLR stands for Statutory Liquidity Ratio.
Statutory Liquidity Ratio is the amount of liquid assets, such as cash, precious metals or other approved securities, that a financial institution must maintain as reserves other than the Cash with the Central Bank. The statutory liquidity ratio is a term most commonly used in India.
through this rbi controls inflation and deflation.
LAFMSFLiquidity adjustment facility, this is for short term Marginal standing facility, this is for long term Minimum bidding amount is 5 cr. 1 cr. All clients of RBI are eligible to bid. Only scheduled commercial banks can bid. Bank cannot sell Government security to RBI that is part of bank's SLR quota. bank can sell the Government security from its SLR quota to RBI. Bank can borrow any amount of money as long as it has the securities to sell. Bank can maximum borrow upto 2% of its NDTL. Suppose repo rate is "r%" current rate [29-07-2013] : 7.25%MSF lending rate is always (r+x)%current rate [29-07-2013] : 10.25%
no,generally banks keep 7.5% of total deposits with rbi as repo rate ,24%as slr and 40% in primary sector and the res amount in day to day transaction.
For controlling the credit flow in the economy, the RBI resorts to -OMOSLR & CRRBank Ratesunder OMO RBI purchases/sells the securities it holds in the open market s per the requirement.under SLR- CRR & BANK RATES, the RBI changes these rates as per the need.
RBI
Presently, the SLR is 25% with effect from 7 November, 2009. It was raised from 24% in the RBI policy review on 27 October, 20109.
Current SLR of RBI is 23% with effect from 01/08/2012.
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.
Presently, the SLR is 25% with effect from 7 November, 2009. It was raised from 24% in the RBI policy review on 27 October, 2009.
The CRR rate is 3% to 15% fixed by RBI.
The present rate of CRR is 6% and SLR is 24%.Thank you.
through this rbi controls inflation and deflation.
crr=6% slr=19%
reverse repo rate..
LAFMSFLiquidity adjustment facility, this is for short term Marginal standing facility, this is for long term Minimum bidding amount is 5 cr. 1 cr. All clients of RBI are eligible to bid. Only scheduled commercial banks can bid. Bank cannot sell Government security to RBI that is part of bank's SLR quota. bank can sell the Government security from its SLR quota to RBI. Bank can borrow any amount of money as long as it has the securities to sell. Bank can maximum borrow upto 2% of its NDTL. Suppose repo rate is "r%" current rate [29-07-2013] : 7.25%MSF lending rate is always (r+x)%current rate [29-07-2013] : 10.25%
no,generally banks keep 7.5% of total deposits with rbi as repo rate ,24%as slr and 40% in primary sector and the res amount in day to day transaction.
The current SLR ratio prescribed by RBI as of 29th December 2008 is 24%