What is SLR?

Answer Posted / chandan nandi

SLR means statutory Liquidity ratio. As per banking rules every banking company in the India has to maintain equivalent to an amount which shall not at the close of the business on the day be less than 25% of the total of its net demand and time liabilities. Current SLR components are:
1.Cash in hand
2.Gold owned by bank
3.Balance with RBI
4.Net balance in current A/c

Is This Answer Correct ?    22 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...

3897


Distinguish capital and revenue expenditure

1704


EXPAND___________NPO

1567


what are valuation accounts?

1682


we want all sbi previous questions papers in our e.mail krishna2043 on yahoo

1737






what is cost audit?

1711


give me only one transactions in both side (debit&credit) should be in real accounts

1822


outstanding expenses, prepaid or unexpired expenses

3624


In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

3839


When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm

1793


what are responsibilities of an accountant in a company?

1695


how to calculate share values of a company.

1758


I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T

2150


im preparing for the sbi clerical post please send me the solved questions.

1905


institutional investors?

1649