The Reserve Bank of India today in its quarterly review of the Credit Policy left key rates unchanged.
RBI left the cash reserve ratio (CRR) unchanged at 5 per cent, the repo and reverse repo rates have also been left unchanged at 4.75 per cent and 3.25 per cent, respectively.
The Reserve Bank, however, raised statutory liquidity [...]
RBI hikes SLR by 1%
What is SLR?
SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers. SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit.
How is SLR [...]
