under statutory liquidity ratio commercial bank are required to keep fraction of _____in the form of liquid assets
Answers
Answer:
Statutory Liquidity Ratio (SLR) refers to liquid assets that the commercial banks must hold on daily basis as a percentage of their total deposits. This ratio should be maintained before providing credit to the customers. SLR is determined by the central bank and is a legal requirement to be fulfilled by the commercial banks.
The current Statutory Liquidity Ratio (SLR) is 19.00%
The Statutory Liquidity Ratio (SLR) last witnessed a change in its level on April 13, 2019 when it declined by 0.25% from its previous level of 19.25%.
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Statutory liquidity ratio commercial bank are required to keep fraction of total deposit in the form of liquid assets
Explanation:
Statutory Liquidity Ratio (SLR) -
It refers to as the amount of liquid asset which the bank need to keep on the daily basis from the total deposits , is referred to as the SLR .
There is particular ratio decided by the Reserved bank , which need to be followed by all the banks .
If the bank is unable to maintain it , the central bank i.e. , the reserved bank of India has the right to take action against the bank .
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