What is statutory liquidity ratio (SLR)?
Class XII
Money and Banking
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apart from CRR every bank is required to maintain in India at a close of business every day,minimum proportion of net demand and time liabilities as a liquid asserts in the form of money and gold.
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Answer:
SLR refers to liquid assets of the commercial banks which they are required to maintain as a minimum percentage of their total deposits.
Explanation:
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