Statutory Liquidity Ratio
Answer / shinoj.k.s.
The objectives of SLR are:
1.To restrict the expansion of bank credit.
2.To augment the investment of the banks in Government
securities.
3.To ensure solvency of banks. A reduction of SLR rates
looks eminent to support the credit growth in India.
The SLR is commonly used to contain inflation and fuel
growth, by increasing or decreasing it respectively. This
counter acts by decreasing or increasing the money supply
in the system respectively. Indian banks’ holdings of
government securities (Government securities) are now close
to the statutory minimum that banks are required to hold to
comply with existing regulation. When measured in rupees,
such holdings decreased for the first time in a little less
than 40 years (since the nationalisation of banks in 1969)
in 2005-06.While the recent credit boom is a key driver of
the decline in banks’ portfolios of G-Sec, other factors
have played an important role recently.
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Hai I have been selected for clerical post in state bank of patiala,Tamilnadu.If anybody gets appointment order or having any idea about when will the appointment order issued pls inform me immediately.
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Hi, this Udaya Bhaskar (9492038751) again. I posted a post already today (23.05.2009, 11:30 hrs, SBI Staff Training Centre, West Maredpally, Sec'bad) morning immediately after i attended the interview of SBH Clerical from Hyderabad Region. Now I am giving some material on Clerical interview for the benefit of your good selves. SLR - Statutory liquidity ratio - 24% at present (RBI range25% - 40%) CRR - Cash reserve ratio - 5 % at present Repo rate - 4.75 % at present - It is the rate at which RBI lends money to Banks Reverse Repo Rate - 3.25% - It is the rate at which Banks park their funds with RBI Bank Rate - 6% at present - It is the rate at which RBI lends money to Banks Main difference between Repo rate and Bank rate is that Repo rate is the discounting offered by the RBI on the monetary bill hold by the Banks Savings Bank Rate - 3.5% for SBH & SBI Call money rate - 2.25% - 4.30% - It is the rate of interest charged by the banks for temporary borrows among banks Legar Tender Money - Currency issued by RBI Optional Money - Cheques, DDs, Bankers Cheques Plastic Money - Credit card, Debit card Credit card is ready made overdraft in e-form for buying good and services by the card holder within specified limits and according to terms and conditions of the issuer Bank without having any account. Debit card is e-Cheque which can be used within the limits of the credit in the account associated with it for financial transactions. Core Banking - Networking of Banks for providing any where any time Banking is called Core Banking Merchant Bank provides capital to firms in the form of shares rather than money. Investment Banks tend to provide investment to firms. Corporate Banking looks after the needs of Big firms, companies, business entities Business Banking looks after needs of medium level business firms, entities, individuals Retail banking focusses to provide services to individuals Private banking focusses to provide services to high networth individuals Lead Banking focusses on providing all type of financial services Narrow Banking focusses on a particular sector like Mortgage, Auto Finance etc. With best wishes, Udaya Bhaskar 9492038751
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