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The Statutory Liquidity Ratio (SLR) is a prudential measure under which (as per the Banking Regulations Act 1949) all Scheduled Commercial Banks in India must maintain an amount in one of the following forms as a percentage of their total Demand and Time Liabilities (DTL) / Net DTL (NDTL); · Cash. · Gold; or · Investments in un-encumbered Instruments that include; (a) Treasury-Bills of the Government of India. (b) Dated securities including those issued by the Government of India from time to time under the market borrowings programme and the Market Stabilization Scheme (MSS). (c) State Development Loans (SDLs) issued by State Governments under their market borrowings programme. (d) Other instruments as notified by the RBI. SLR is also a tool for controlling liquidity in the domestic market via manipulating bank credit. A rise in SLR locks up increasing portion of a bank’s assets in the above three categories and may squeeze out bank credit.
In November 2021, the RBI has authorised _______ as its agency bank for undertaking government businesses.
India and which of the following South Asian country launch the Real-time Payment Systems Linkage on 21st February 2023?
The Employees' Provident Fund Organisation (EPFO) is in the process of appointing an actuary firm for which purpose?
Which country ranks highest on the 25th Edelman Trust Barometer in global trust rankings?
Who has won prestigious German Peace Prize 2023?
When is World Intellectual Property Day celebrated?
What is the name of the new deep-water dogfish shark species discovered in Kerala?
Which company has entered into a MoU with National Skill Development Corporation (NSDC) for "Setting up of Multi Skill Development Institutes (MSDIs) to...
